← Back to Powerball

Powerball Tax Breakdown

Saturday, July 11, 2026

Annuity (30 years)
$464,000,000
Cash Option
$205,900,000

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%$281,974,367$124,611,312
Arkansas3.9%$275,478,367$121,728,712
California0%$293,574,367$129,758,812
Colorado4%$275,014,367$121,522,812
Connecticut6.99%$261,140,767$115,366,402
Delaware6.6%$262,950,367$116,169,412
District of Columbia8.5%$254,134,367$112,257,312
Florida0%$293,574,367$129,758,812
Georgia5.75%$266,894,367$117,919,562
Idaho6%$265,734,367$117,404,812
Illinois4.95%$270,606,367$119,566,762
Indiana3.15%$278,958,367$123,272,962
Iowa5%$270,374,367$119,463,812
Kansas5%$270,374,367$119,463,812
Kentucky4.5%$272,694,367$120,493,312
Louisiana4.25%$273,854,367$121,008,062
Maine7.15%$260,398,367$115,036,962
Maryland8.75%$252,974,367$111,742,562
Massachusetts5%$270,374,367$119,463,812
Michigan4.25%$273,854,367$121,008,062
Minnesota7.25%$259,934,367$114,831,062
Missouri4%$275,014,367$121,522,812
Montana6.75%$262,254,367$115,860,562
Nebraska5%$270,374,367$119,463,812
New Hampshire0%$293,574,367$129,758,812
New Jersey8%$256,454,367$113,286,812
New Mexico6%$265,734,367$117,404,812
New York8.82%$252,649,567$111,598,432
North Carolina4.75%$271,534,367$119,978,562
North Dakota2.9%$280,118,367$123,787,712
Ohio3.99%$275,060,767$121,543,402
Oklahoma4.75%$271,534,367$119,978,562
Oregon8%$256,454,367$113,286,812
Pennsylvania3.07%$279,329,567$123,437,682
Puerto Rico0%$293,574,367$129,758,812
Rhode Island5.99%$265,780,767$117,425,402
South Carolina7%$261,094,367$115,345,812
South Dakota0%$293,574,367$129,758,812
Tennessee0%$293,574,367$129,758,812
Texas0%$293,574,367$129,758,812
US Virgin Islands0%$293,574,367$129,758,812
Vermont6%$265,734,367$117,404,812
Virginia4%$275,014,367$121,522,812
Washington0%$293,574,367$129,758,812
West Virginia6.5%$263,414,367$116,375,312
Wisconsin7.65%$258,078,367$114,007,462
Wyoming0%$293,574,367$129,758,812