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Powerball Tax Breakdown

Wednesday, April 1, 2026

Annuity (30 years)
$194,900,000
Cash Option
$87,500,000

After-Tax Payouts by State

Federal tax: 37% marginal rate • Click any state for 30-year schedule

StateState TaxAnnuity (After Tax)Cash (After Tax)
Arizona2.5%$119,168,867$52,979,312
Arkansas3.9%$116,440,267$51,754,312
California0%$124,041,367$55,166,812
Colorado4%$116,245,367$51,666,812
Connecticut6.99%$110,417,857$49,050,562
Delaware6.6%$111,177,967$49,391,812
District of Columbia8.5%$107,474,867$47,729,312
Florida0%$124,041,367$55,166,812
Georgia5.75%$112,834,617$50,135,562
Idaho6%$112,347,367$49,916,812
Illinois4.95%$114,393,817$50,835,562
Indiana3.15%$117,902,017$52,410,562
Iowa5%$114,296,367$50,791,812
Kansas5%$114,296,367$50,791,812
Kentucky4.5%$115,270,867$51,229,312
Louisiana4.25%$115,758,117$51,448,062
Maine7.15%$110,106,017$48,910,562
Maryland8.75%$106,987,617$47,510,562
Massachusetts5%$114,296,367$50,791,812
Michigan4.25%$115,758,117$51,448,062
Minnesota7.25%$109,911,117$48,823,062
Missouri4%$116,245,367$51,666,812
Montana6.75%$110,885,617$49,260,562
Nebraska5%$114,296,367$50,791,812
New Hampshire0%$124,041,367$55,166,812
New Jersey8%$108,449,367$48,166,812
New Mexico6%$112,347,367$49,916,812
New York8.82%$106,851,187$47,449,312
North Carolina4.75%$114,783,617$51,010,562
North Dakota2.9%$118,389,267$52,629,312
Ohio3.99%$116,264,857$51,675,562
Oklahoma4.75%$114,783,617$51,010,562
Oregon8%$108,449,367$48,166,812
Pennsylvania3.07%$118,057,937$52,480,562
Puerto Rico0%$124,041,367$55,166,812
Rhode Island5.99%$112,366,857$49,925,562
South Carolina7%$110,398,367$49,041,812
South Dakota0%$124,041,367$55,166,812
Tennessee0%$124,041,367$55,166,812
Texas0%$124,041,367$55,166,812
US Virgin Islands0%$124,041,367$55,166,812
Vermont6%$112,347,367$49,916,812
Virginia4%$116,245,367$51,666,812
Washington0%$124,041,367$55,166,812
West Virginia6.5%$111,372,867$49,479,312
Wisconsin7.65%$109,131,517$48,473,062
Wyoming0%$124,041,367$55,166,812