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Powerball Tax Breakdown

Saturday, February 28, 2026

Annuity (30 years)
$237,000,000
Cash Option
$111,500,000

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%$144,639,367$67,499,312
Arkansas3.9%$141,321,367$65,938,312
California0%$150,564,367$70,286,812
Colorado4%$141,084,367$65,826,812
Connecticut6.99%$133,998,067$62,492,962
Delaware6.6%$134,922,367$62,927,812
District of Columbia8.5%$130,419,367$60,809,312
Florida0%$150,564,367$70,286,812
Georgia5.75%$136,936,867$63,875,562
Idaho6%$136,344,367$63,596,812
Illinois4.95%$138,832,867$64,767,562
Indiana3.15%$143,098,867$66,774,562
Iowa5%$138,714,367$64,711,812
Kansas5%$138,714,367$64,711,812
Kentucky4.5%$139,899,367$65,269,312
Louisiana4.25%$140,491,867$65,548,062
Maine7.15%$133,618,867$62,314,562
Maryland8.75%$129,826,867$60,530,562
Massachusetts5%$138,714,367$64,711,812
Michigan4.25%$140,491,867$65,548,062
Minnesota7.25%$133,381,867$62,203,062
Missouri4%$141,084,367$65,826,812
Montana6.75%$134,566,867$62,760,562
Nebraska5%$138,714,367$64,711,812
New Hampshire0%$150,564,367$70,286,812
New Jersey8%$131,604,367$61,366,812
New Mexico6%$136,344,367$63,596,812
New York8.82%$129,660,967$60,452,512
North Carolina4.75%$139,306,867$64,990,562
North Dakota2.9%$143,691,367$67,053,312
Ohio3.99%$141,108,067$65,837,962
Oklahoma4.75%$139,306,867$64,990,562
Oregon8%$131,604,367$61,366,812
Pennsylvania3.07%$143,288,467$66,863,762
Puerto Rico0%$150,564,367$70,286,812
Rhode Island5.99%$136,368,067$63,607,962
South Carolina7%$133,974,367$62,481,812
South Dakota0%$150,564,367$70,286,812
Tennessee0%$150,564,367$70,286,812
Texas0%$150,564,367$70,286,812
US Virgin Islands0%$150,564,367$70,286,812
Vermont6%$136,344,367$63,596,812
Virginia4%$141,084,367$65,826,812
Washington0%$150,564,367$70,286,812
West Virginia6.5%$135,159,367$63,039,312
Wisconsin7.65%$132,433,867$61,757,062
Wyoming0%$150,564,367$70,286,812