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Powerball Tax Breakdown

Wednesday, July 22, 2026

Annuity (30 years)
$569,800,000
Cash Option
$253,000,000

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%$345,983,367$153,106,812
Arkansas3.9%$338,006,167$149,564,812
California0%$360,228,367$159,431,812
Colorado4%$337,436,367$149,311,812
Connecticut6.99%$320,399,347$141,747,112
Delaware6.6%$322,621,567$142,733,812
District of Columbia8.5%$311,795,367$137,926,812
Florida0%$360,228,367$159,431,812
Georgia5.75%$327,464,867$144,884,312
Idaho6%$326,040,367$144,251,812
Illinois4.95%$332,023,267$146,908,312
Indiana3.15%$342,279,667$151,462,312
Iowa5%$331,738,367$146,781,812
Kansas5%$331,738,367$146,781,812
Kentucky4.5%$334,587,367$148,046,812
Louisiana4.25%$336,011,867$148,679,312
Maine7.15%$319,487,667$141,342,312
Maryland8.75%$310,370,867$137,294,312
Massachusetts5%$331,738,367$146,781,812
Michigan4.25%$336,011,867$148,679,312
Minnesota7.25%$318,917,867$141,089,312
Missouri4%$337,436,367$149,311,812
Montana6.75%$321,766,867$142,354,312
Nebraska5%$331,738,367$146,781,812
New Hampshire0%$360,228,367$159,431,812
New Jersey8%$314,644,367$139,191,812
New Mexico6%$326,040,367$144,251,812
New York8.82%$309,972,007$137,117,212
North Carolina4.75%$333,162,867$147,414,312
North Dakota2.9%$343,704,167$152,094,812
Ohio3.99%$337,493,347$149,337,112
Oklahoma4.75%$333,162,867$147,414,312
Oregon8%$314,644,367$139,191,812
Pennsylvania3.07%$342,735,507$151,664,712
Puerto Rico0%$360,228,367$159,431,812
Rhode Island5.99%$326,097,347$144,277,112
South Carolina7%$320,342,367$141,721,812
South Dakota0%$360,228,367$159,431,812
Tennessee0%$360,228,367$159,431,812
Texas0%$360,228,367$159,431,812
US Virgin Islands0%$360,228,367$159,431,812
Vermont6%$326,040,367$144,251,812
Virginia4%$337,436,367$149,311,812
Washington0%$360,228,367$159,431,812
West Virginia6.5%$323,191,367$142,986,812
Wisconsin7.65%$316,638,667$140,077,312
Wyoming0%$360,228,367$159,431,812