Powerball’s jackpot is $1.6 billion—see the after-tax payout by state
Powerball jackpot after 45 draws with no jackpot winner increased to 1.6 billion dollars ahead of the draw on Monday night at 10:59 PM ET.
The jackpot ranks as the fourth-largest in Powerball history and the fifth-largest among U.S. lottery jackpots, according to the Multi-State Lottery Association, which manages the lottery.
To win the jackpot, the ticket holder must match all six numbers on their ticket. The winner will then choose between an annual prize estimated at $1.6 billion or a lump sum payment estimated at $735.3 million. The annual payment option includes one immediate payment followed by 29 annual payments that increase by 5% each year.
Both options are before taxes. Winnings are automatically subject to federal withholding at a rate of 24%, but winners can expect to be in the top 37% marginal tax bracket when they file their 2025 returns.
State taxes could further reduce earnings. Eight states (California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming) do not tax lottery winnings at all, while most other states charge state taxes of roughly 4% to 6%.
Below is a state-by-state breakdown of how much winners can take home under both payment options, listed alphabetically by each state and territory. According to usamega.com.
Arizona
- Lump sum: $444,899,480
- Annual income: $969,289,380
Arkansas
- Lump sum: $434,605,280
- Annual income: $946,889,400
California
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
colorado
- Lump sum: $430,928,780
- Annual income: $938,889,390
Connecticut
- Lump sum: $411,884,510
- Annual income: $897,449,400
Delaware
- Lump sum: $414,752,180
- Annual income: $903,689,400
Florida
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
Georgia
- Lump sum: $425,119,910
- Annual income: $926,249,400
Idaho
- Lump sum: $421,406,645
- Annual income: $918,169,380
illinois
- Lump sum: $426,884,630
- Annual income: $930,089,400
indiana
- Lump sum: $441,222,980
- Annual income: $961,289,400
Iowa
- Lump sum: $435,340,580
- Annual income: $948,489,390
in kansas
- Lump sum: $421,369,880
- Annual income: $918,089,400
Kentucky
- Lump sum: $433,869,980
- Annual income: $945,289,380
Louisiana
- Lump sum: $441,222,980
- Annual income: $961,289,400
Maine
- Lump sum: $410,708,030
- Annual income: $894,889,380
maryland
- Lump sum: $393,428,480
- Annual income: $857,289,390
massachusetts
- Lump sum: $397,104,980
- Annual income: $865,289,400
Michigan
- Lump sum: $432,031,730
- Annual income: $941,289,390
Minnesota
- Lump sum: $390,854,930
- Annual income: $851,689,380
mississippi
- Lump sum: $430,928,780
- Annual income: $938,889,390
Missouri
- Lump sum: $428,722,880
- Annual income: $934,089,390
Montana
- Lump sum: $419,899,280
- Annual income: $914,889,390
Nebraska
- Lump sum: $425,046,380
- Annual income: $926,089,380
new hampshire
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
New Jersey
- Lump sum: $384,237,230
- Annual income: $837,289,380
new mexico
- Lump sum: $419,899,280
- Annual income: $914,889,390
new York
- Lump sum: $383,134,280
- Annual income: $834,889,380
North Carolina
- Lump sum: $432,031,730
- Annual income: $941,289,390
north dakota
- Lump sum: $441,958,280
- Annual income: $962,889,390
Ohio
- Lump sum: $440,303,855
- Annual income: $959,289,390
Oklahoma
- Lump sum: $428,355,230
- Annual income: $933,289,380
oregon
- Lump sum: $390,487,280
- Annual income: $850,889,400
Pennsylvania
- Lump sum: $440,708,270
- Annual income: $960,169,380
Rhode Island
- Lump sum: $419,237,510
- Annual income: $913,449,390
South Carolina
- Lump sum: $417,693,380
- Annual income: $910,089,390
south dakota
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
Tennessee
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
Texas
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
Vermont
- Lump sum: $398,943,230
- Annual income: $869,289,390
Virginia
- Lump sum: $421,002,230
- Annual income: $917,289,390
washington
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
Washington, D.C.
- Lump sum: $384,237,230
- Annual income: $837,289,380
West Virginia
- Lump sum: $427,840,520
- Annual income: $932,169,390
Wisconsin
- Lump sum: $407,031,530
- Annual income: $886,889,400
wyoming
- Lump sum: $463,281,980
- Annual income: $1,009,289,400
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