← Back to Powerball

Powerball Tax Breakdown

Wednesday, June 3, 2026

Annuity (30 years)
$194,200,000
Cash Option
$86,800,000

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%$118,745,367$52,555,812
Arkansas3.9%$116,026,567$51,340,612
California0%$123,600,367$54,725,812
Colorado4%$115,832,367$51,253,812
Connecticut6.99%$110,025,787$48,658,492
Delaware6.6%$110,783,167$48,997,012
District of Columbia8.5%$107,093,367$47,347,812
Florida0%$123,600,367$54,725,812
Georgia5.75%$112,433,867$49,734,812
Idaho6%$111,948,367$49,517,812
Illinois4.95%$113,987,467$50,429,212
Indiana3.15%$117,483,067$51,991,612
Iowa5%$113,890,367$50,385,812
Kansas5%$113,890,367$50,385,812
Kentucky4.5%$114,861,367$50,819,812
Louisiana4.25%$115,346,867$51,036,812
Maine7.15%$109,715,067$48,519,612
Maryland8.75%$106,607,867$47,130,812
Massachusetts5%$113,890,367$50,385,812
Michigan4.25%$115,346,867$51,036,812
Minnesota7.25%$109,520,867$48,432,812
Missouri4%$115,832,367$51,253,812
Montana6.75%$110,491,867$48,866,812
Nebraska5%$113,890,367$50,385,812
New Hampshire0%$123,600,367$54,725,812
New Jersey8%$108,064,367$47,781,812
New Mexico6%$111,948,367$49,517,812
New York8.82%$106,471,927$47,070,052
North Carolina4.75%$114,375,867$50,602,812
North Dakota2.9%$117,968,567$52,208,612
Ohio3.99%$115,851,787$51,262,492
Oklahoma4.75%$114,375,867$50,602,812
Oregon8%$108,064,367$47,781,812
Pennsylvania3.07%$117,638,427$52,061,052
Puerto Rico0%$123,600,367$54,725,812
Rhode Island5.99%$111,967,787$49,526,492
South Carolina7%$110,006,367$48,649,812
South Dakota0%$123,600,367$54,725,812
Tennessee0%$123,600,367$54,725,812
Texas0%$123,600,367$54,725,812
US Virgin Islands0%$123,600,367$54,725,812
Vermont6%$111,948,367$49,517,812
Virginia4%$115,832,367$51,253,812
Washington0%$123,600,367$54,725,812
West Virginia6.5%$110,977,367$49,083,812
Wisconsin7.65%$108,744,067$48,085,612
Wyoming0%$123,600,367$54,725,812