# Lottery After Taxes: full content

> What a Powerball or Mega Millions jackpot is worth after federal, state and local taxes in all 50 states and DC, as the cash option or as 30 annuity payments, for the current jackpots and for any other amount. Figures use the official current jackpots and cash values (Powerball $360 million, cash value $153.6 million, for the Saturday, September 26, 2026 drawing; Mega Millions $300 million, cash value $124.1 million, for the Tuesday, September 29, 2026 drawing), IRS rules for 2026 and each state's rules for lottery prizes (checked September 26, 2026). They are estimates for planning, not tax or legal advice.

This file collects the main pages of lotteryaftertaxes.com as markdown, then the reference data behind every figure, the URL patterns and the API. It is generated from the same data as the pages. Markdown versions of all other pages: add `.md` to any page path.

How the figures are computed: the cash option (the official cash value for the current jackpot; for any other amount, the latest official cash-to-jackpot ratio: 42.67% for Powerball and 41.37% for Mega Millions) is taxed as ordinary income at 2026 federal rates. 24% is withheld when the prize is claimed (on prizes over $5,000) and the rest is due at filing; the top rate is 37% on taxable income over $640,600 for a single filer. State tax is the state's rate on lottery prizes applied to the whole prize (the top rate where rates are progressive). New York City adds 3.876% of the prize and Yonkers 16.75% of the state tax. The annuity is 30 payments, each 5% larger than the last, that add up to the advertised jackpot; each payment is taxed in its own year under 2026 rules.

Freshness: jackpots are refreshed after every drawing (Powerball on Monday, Wednesday and Saturday; Mega Millions on Tuesday and Friday). If a refresh fails, pages keep the last confirmed value and show a notice. Tax rules are for tax year 2026, rechecked every January. Every page states the date of its data.

Jurisdictions that do not tax lottery prizes: Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming (California exempts only prizes from tickets bought in California). Residents of states without a lottery buy tickets elsewhere and still owe their home state's tax.

## Lottery Jackpots After Taxes by State: Powerball $96.8 Million, Mega Millions $78.2 Million Cash (2026)

Source: https://lotteryaftertaxes.com/

What the current jackpots pay after federal, state and city taxes, from the official cash values.

Powerball, $360 million jackpot $96.8 million cash kept where there is no state income tax

Calculate for your state

### [Powerball](https://lotteryaftertaxes.com/powerball/after-taxes/)

$360 million

Cash option $153.6 million. Next drawing Saturday, Sep 26.

You keep **$74.1 million** to **$96.8 million** in cash, depending on the state.

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

### [Mega Millions](https://lotteryaftertaxes.com/mega-millions/after-taxes/)

$300 million

Cash option $124.1 million. Next drawing Tuesday, Sep 29.

You keep **$59.9 million** to **$78.2 million** in cash, depending on the state.

Jackpot data as of Sep 26, 2026, for the Tuesday, Sep 29 drawing.

### Your state, your filing status

Powerball jackpot $360 million (current), winner living in Texas.

You keep about $96.8 million in cash, single filer

Ninety-six million eight hundred eighteen thousand and 00/100 dollars

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $360,000,000 |
| Cash option: Official cash value | $153,600,000 |
| Federal tax withheld at claim: 24% of the prize | −$36,864,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$19,918,000 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.9% of the advertised jackpot | $96,818,000 |

### Browse by state

Cash kept from the current $360 million Powerball jackpot, single filer.

- [Alabama](https://lotteryaftertaxes.com/powerball/after-taxes/alabama/): $89.1 million
- [Alaska](https://lotteryaftertaxes.com/powerball/after-taxes/alaska/): $96.8 million
- [Arizona](https://lotteryaftertaxes.com/powerball/after-taxes/arizona/): $93 million
- [Arkansas](https://lotteryaftertaxes.com/powerball/after-taxes/arkansas/): $91.1 million
- [California](https://lotteryaftertaxes.com/powerball/after-taxes/california/): $96.8 million
- [Colorado](https://lotteryaftertaxes.com/powerball/after-taxes/colorado/): $90.1 million
- [Connecticut](https://lotteryaftertaxes.com/powerball/after-taxes/connecticut/): $86.1 million
- [Delaware](https://lotteryaftertaxes.com/powerball/after-taxes/delaware/): $86.7 million
- [District of Columbia](https://lotteryaftertaxes.com/powerball/after-taxes/district-of-columbia/): $80.3 million
- [Florida](https://lotteryaftertaxes.com/powerball/after-taxes/florida/): $96.8 million
- [Georgia](https://lotteryaftertaxes.com/powerball/after-taxes/georgia/): $89.2 million
- [Hawaii](https://lotteryaftertaxes.com/powerball/after-taxes/hawaii/): $79.9 million
- [Idaho](https://lotteryaftertaxes.com/powerball/after-taxes/idaho/): $88.7 million
- [Illinois](https://lotteryaftertaxes.com/powerball/after-taxes/illinois/): $89.2 million
- [Indiana](https://lotteryaftertaxes.com/powerball/after-taxes/indiana/): $92.3 million
- [Iowa](https://lotteryaftertaxes.com/powerball/after-taxes/iowa/): $91 million
- [Kansas](https://lotteryaftertaxes.com/powerball/after-taxes/kansas/): $88.2 million
- [Kentucky](https://lotteryaftertaxes.com/powerball/after-taxes/kentucky/): $91.4 million
- [Louisiana](https://lotteryaftertaxes.com/powerball/after-taxes/louisiana/): $92.2 million
- [Maine](https://lotteryaftertaxes.com/powerball/after-taxes/maine/): $82.8 million
- [Maryland](https://lotteryaftertaxes.com/powerball/after-taxes/maryland/): $86.8 million
- [Massachusetts](https://lotteryaftertaxes.com/powerball/after-taxes/massachusetts/): $83 million
- [Michigan](https://lotteryaftertaxes.com/powerball/after-taxes/michigan/): $90.3 million
- [Minnesota](https://lotteryaftertaxes.com/powerball/after-taxes/minnesota/): $81.7 million
- [Mississippi](https://lotteryaftertaxes.com/powerball/after-taxes/mississippi/): $90.7 million
- [Missouri](https://lotteryaftertaxes.com/powerball/after-taxes/missouri/): $89.6 million
- [Montana](https://lotteryaftertaxes.com/powerball/after-taxes/montana/): $88.1 million
- [Nebraska](https://lotteryaftertaxes.com/powerball/after-taxes/nebraska/): $89.8 million
- [Nevada](https://lotteryaftertaxes.com/powerball/after-taxes/nevada/): $96.8 million
- [New Hampshire](https://lotteryaftertaxes.com/powerball/after-taxes/new-hampshire/): $96.8 million
- [New Jersey](https://lotteryaftertaxes.com/powerball/after-taxes/new-jersey/): $80.3 million
- [New Mexico](https://lotteryaftertaxes.com/powerball/after-taxes/new-mexico/): $87.8 million
- [New York](https://lotteryaftertaxes.com/powerball/after-taxes/new-york/): $80.1 million
- [North Carolina](https://lotteryaftertaxes.com/powerball/after-taxes/north-carolina/): $90.7 million
- [North Dakota](https://lotteryaftertaxes.com/powerball/after-taxes/north-dakota/): $93 million
- [Ohio](https://lotteryaftertaxes.com/powerball/after-taxes/ohio/): $92.6 million
- [Oklahoma](https://lotteryaftertaxes.com/powerball/after-taxes/oklahoma/): $89.9 million
- [Oregon](https://lotteryaftertaxes.com/powerball/after-taxes/oregon/): $81.6 million
- [Pennsylvania](https://lotteryaftertaxes.com/powerball/after-taxes/pennsylvania/): $92.1 million
- [Rhode Island](https://lotteryaftertaxes.com/powerball/after-taxes/rhode-island/): $87.6 million
- [South Carolina](https://lotteryaftertaxes.com/powerball/after-taxes/south-carolina/): $88.8 million
- [South Dakota](https://lotteryaftertaxes.com/powerball/after-taxes/south-dakota/): $96.8 million
- [Tennessee](https://lotteryaftertaxes.com/powerball/after-taxes/tennessee/): $96.8 million
- [Texas](https://lotteryaftertaxes.com/powerball/after-taxes/texas/): $96.8 million
- [Utah](https://lotteryaftertaxes.com/powerball/after-taxes/utah/): $90 million
- [Vermont](https://lotteryaftertaxes.com/powerball/after-taxes/vermont/): $83.4 million
- [Virginia](https://lotteryaftertaxes.com/powerball/after-taxes/virginia/): $88 million
- [Washington](https://lotteryaftertaxes.com/powerball/after-taxes/washington/): $96.8 million
- [West Virginia](https://lotteryaftertaxes.com/powerball/after-taxes/west-virginia/): $89.8 million
- [Wisconsin](https://lotteryaftertaxes.com/powerball/after-taxes/wisconsin/): $85.1 million
- [Wyoming](https://lotteryaftertaxes.com/powerball/after-taxes/wyoming/): $96.8 million

Links go to Powerball; each state page links to Mega Millions too.

### Popular amounts

Cash kept where there is no state income tax.

- [$100 million Powerball](https://lotteryaftertaxes.com/powerball/100-million-after-taxes/): $26.9 million
- [$100 million Mega Millions](https://lotteryaftertaxes.com/mega-millions/100-million-after-taxes/): $26.1 million
- [$250 million Powerball](https://lotteryaftertaxes.com/powerball/250-million-after-taxes/): $67.3 million
- [$250 million Mega Millions](https://lotteryaftertaxes.com/mega-millions/250-million-after-taxes/): $65.2 million
- [$500 million Powerball](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/): $134.5 million
- [$500 million Mega Millions](https://lotteryaftertaxes.com/mega-millions/500-million-after-taxes/): $130.4 million
- [$750 million Powerball](https://lotteryaftertaxes.com/powerball/750-million-after-taxes/): $201.7 million
- [$750 million Mega Millions](https://lotteryaftertaxes.com/mega-millions/750-million-after-taxes/): $195.5 million
- [$1 billion Powerball](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/): $268.9 million
- [$1 billion Mega Millions](https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/): $260.7 million
- [$1.5 billion Powerball](https://lotteryaftertaxes.com/powerball/1.5-billion-after-taxes/): $403.3 million
- [$1.5 billion Mega Millions](https://lotteryaftertaxes.com/mega-millions/1.5-billion-after-taxes/): $391 million
- [$2 billion Powerball](https://lotteryaftertaxes.com/powerball/2-billion-after-taxes/): $537.7 million
- [$2 billion Mega Millions](https://lotteryaftertaxes.com/mega-millions/2-billion-after-taxes/): $521.3 million

### Guides

- [Lump sum or annuity](https://lotteryaftertaxes.com/lump-sum-vs-annuity/)
- [Best states to win the lottery](https://lotteryaftertaxes.com/best-states-to-win-the-lottery/)
- [Largest jackpots in history](https://lotteryaftertaxes.com/history/)
- [Powerball annuity schedule](https://lotteryaftertaxes.com/powerball/annuity-schedule/)
- [Mega Millions annuity schedule](https://lotteryaftertaxes.com/mega-millions/annuity-schedule/)
- [How we calculate](https://lotteryaftertaxes.com/methodology/)

### Where the numbers come from

#### The jackpot

The advertised jackpot and its cash value, as published by Powerball and Mega Millions and refreshed after every drawing.

#### Federal tax

IRS brackets for 2026 and the 24% the lottery withholds when a prize over $5,000 is claimed.

#### State and city tax

Each state's rules for lottery prizes, including exemptions and the New York City and Yonkers taxes, checked against official sources.

Every step is on the [methodology](https://lotteryaftertaxes.com/methodology/) page, and every source, with the date it was checked, is on the [sources](https://lotteryaftertaxes.com/sources/) page.

### Questions

#### How much is the Powerball jackpot after taxes?

About $96.8 million in cash in a state with no income tax, for the current $360 million jackpot ($153.6 million cash value). In New York City it is $74.1 million.

#### How much is the Mega Millions jackpot after taxes?

About $78.2 million in cash in a state with no income tax, for the current $300 million jackpot ($124.1 million cash value).

#### How much tax do you pay on lottery winnings?

On a jackpot, about 37% federal (24% is withheld when you claim and the rest is due when you file) plus 0% to 10.9% state tax, and 3.876% more in New York City. Prizes are taxed as ordinary income.

#### Which states do not tax lottery winnings?

Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming. California exempts only prizes from tickets bought in California.

#### Why is the cash option less than the advertised jackpot?

The advertised jackpot is the total of 30 annuity payments made over 29 years. The cash option is the money actually in the prize pool today, currently 42.7% of the advertised Powerball jackpot.

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [Mega Millions official site (current jackpot and cash value)](https://www.megamillions.com/) (checked Sep 26, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/26/no-tickets-sold-with-all-six-mega-millions-numbers-jackpot-at-300-million-2/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Powerball After Taxes by State: $360 Million Jackpot Is $74.1 Million to $96.8 Million in Cash (2026)

Source: https://lotteryaftertaxes.com/powerball/after-taxes/

Current Powerball jackpot $360 million, cash option $153.6 million. Single filer.

You keep about $96.8 million in cash where there is no state income tax

Ninety-six million eight hundred eighteen thousand and 00/100 dollars

From **$74.1 million** in New York City to **$96.8 million** in Alaska, California, Florida, Nevada and 6 more.

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $360,000,000 |
| Cash option: Official cash value | $153,600,000 |
| Federal tax withheld at claim: 24% of the prize | −$36,864,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$19,918,000 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.9% of the advertised jackpot | $96,818,000 |

Pick your state below for its own breakdown, annuity schedule and filing-status options. Next drawing: Saturday, September 26 at 10:59 p.m. ET. Drawings every Monday, Wednesday and Saturday.

### All 50 states and DC

**Single filer, ticket bought in the state you live in. Sort by clicking a column name.**

| [State](https://lotteryaftertaxes.com/powerball/after-taxes/?sort=state&dir=desc#states) | [Cash kept](https://lotteryaftertaxes.com/powerball/after-taxes/?sort=kept&dir=desc#states) | [Annuity kept](https://lotteryaftertaxes.com/powerball/after-taxes/?sort=annuity&dir=desc#states) | [State tax](https://lotteryaftertaxes.com/powerball/after-taxes/?sort=rate&dir=desc#states) |
| --- | --- | --- | --- |
| [Alabama](https://lotteryaftertaxes.com/powerball/after-taxes/alabama/)^\* | $89.1 million | $210.3 million | 5% |
| [Alaska](https://lotteryaftertaxes.com/powerball/after-taxes/alaska/)^\* | $96.8 million | $228.3 million | none |
| [Arizona](https://lotteryaftertaxes.com/powerball/after-taxes/arizona/) | $93 million | $219.3 million | 2.5% |
| [Arkansas](https://lotteryaftertaxes.com/powerball/after-taxes/arkansas/) | $91.1 million | $215 million | 3.7% |
| [California](https://lotteryaftertaxes.com/powerball/after-taxes/california/) | $96.8 million | $228.3 million | exempt |
| [Colorado](https://lotteryaftertaxes.com/powerball/after-taxes/colorado/) | $90.1 million | $212.5 million | 4.4% |
| [Connecticut](https://lotteryaftertaxes.com/powerball/after-taxes/connecticut/) | $86.1 million | $203.1 million | 6.99% |
| [Delaware](https://lotteryaftertaxes.com/powerball/after-taxes/delaware/) | $86.7 million | $204.5 million | 6.6% |
| [District of Columbia](https://lotteryaftertaxes.com/powerball/after-taxes/district-of-columbia/) | $80.3 million | $189.6 million | 10.75% |
| [Florida](https://lotteryaftertaxes.com/powerball/after-taxes/florida/) | $96.8 million | $228.3 million | none |
| [Georgia](https://lotteryaftertaxes.com/powerball/after-taxes/georgia/) | $89.2 million | $210.3 million | 4.99% |
| [Hawaii](https://lotteryaftertaxes.com/powerball/after-taxes/hawaii/)^\* | $79.9 million | $188.7 million | 11% |
| [Idaho](https://lotteryaftertaxes.com/powerball/after-taxes/idaho/) | $88.7 million | $209.2 million | 5.3% |
| [Illinois](https://lotteryaftertaxes.com/powerball/after-taxes/illinois/) | $89.2 million | $210.5 million | 4.95% |
| [Indiana](https://lotteryaftertaxes.com/powerball/after-taxes/indiana/) | $92.3 million | $217.7 million | 2.95% |
| [Iowa](https://lotteryaftertaxes.com/powerball/after-taxes/iowa/) | $91 million | $214.6 million | 3.8% |
| [Kansas](https://lotteryaftertaxes.com/powerball/after-taxes/kansas/) | $88.2 million | $208.2 million | 5.58% |
| [Kentucky](https://lotteryaftertaxes.com/powerball/after-taxes/kentucky/) | $91.4 million | $215.7 million | 3.5% |
| [Louisiana](https://lotteryaftertaxes.com/powerball/after-taxes/louisiana/) | $92.2 million | $217.5 million | 3% |
| [Maine](https://lotteryaftertaxes.com/powerball/after-taxes/maine/) | $82.8 million | $195.4 million | 9.15% |
| [Maryland](https://lotteryaftertaxes.com/powerball/after-taxes/maryland/) | $86.8 million | $204.9 million | 6.5% |
| [Massachusetts](https://lotteryaftertaxes.com/powerball/after-taxes/massachusetts/) | $83 million | $195.9 million | 9% |
| [Michigan](https://lotteryaftertaxes.com/powerball/after-taxes/michigan/) | $90.3 million | $213 million | 4.25% |
| [Minnesota](https://lotteryaftertaxes.com/powerball/after-taxes/minnesota/) | $81.7 million | $192.8 million | 9.85% |
| [Mississippi](https://lotteryaftertaxes.com/powerball/after-taxes/mississippi/) | $90.7 million | $213.9 million | 4% |
| [Missouri](https://lotteryaftertaxes.com/powerball/after-taxes/missouri/) | $89.6 million | $211.4 million | 4.7% |
| [Montana](https://lotteryaftertaxes.com/powerball/after-taxes/montana/) | $88.1 million | $208 million | 5.65% |
| [Nebraska](https://lotteryaftertaxes.com/powerball/after-taxes/nebraska/) | $89.8 million | $211.9 million | 4.55% |
| [Nevada](https://lotteryaftertaxes.com/powerball/after-taxes/nevada/)^\* | $96.8 million | $228.3 million | none |
| [New Hampshire](https://lotteryaftertaxes.com/powerball/after-taxes/new-hampshire/) | $96.8 million | $228.3 million | none |
| [New Jersey](https://lotteryaftertaxes.com/powerball/after-taxes/new-jersey/) | $80.3 million | $189.6 million | 10.75% |
| [New Mexico](https://lotteryaftertaxes.com/powerball/after-taxes/new-mexico/) | $87.8 million | $207.1 million | 5.9% |
| [New York](https://lotteryaftertaxes.com/powerball/after-taxes/new-york/) | $80.1 million | $189.1 million | 10.9% |
| New York City | $74.1 million | $175.1 million | 14.776% |
| Yonkers | $77.3 million | $182.5 million | 12.726% |
| [North Carolina](https://lotteryaftertaxes.com/powerball/after-taxes/north-carolina/) | $90.7 million | $213.9 million | 3.99% |
| [North Dakota](https://lotteryaftertaxes.com/powerball/after-taxes/north-dakota/) | $93 million | $219.3 million | 2.5% |
| [Ohio](https://lotteryaftertaxes.com/powerball/after-taxes/ohio/) | $92.6 million | $218.4 million | 2.75% |
| [Oklahoma](https://lotteryaftertaxes.com/powerball/after-taxes/oklahoma/) | $89.9 million | $212.1 million | 4.5% |
| [Oregon](https://lotteryaftertaxes.com/powerball/after-taxes/oregon/) | $81.6 million | $192.7 million | 9.9% |
| [Pennsylvania](https://lotteryaftertaxes.com/powerball/after-taxes/pennsylvania/) | $92.1 million | $217.2 million | 3.07% |
| [Rhode Island](https://lotteryaftertaxes.com/powerball/after-taxes/rhode-island/) | $87.6 million | $206.7 million | 5.99% |
| [South Carolina](https://lotteryaftertaxes.com/powerball/after-taxes/south-carolina/) | $88.8 million | $209.5 million | 5.21% |
| [South Dakota](https://lotteryaftertaxes.com/powerball/after-taxes/south-dakota/) | $96.8 million | $228.3 million | none |
| [Tennessee](https://lotteryaftertaxes.com/powerball/after-taxes/tennessee/) | $96.8 million | $228.3 million | none |
| [Texas](https://lotteryaftertaxes.com/powerball/after-taxes/texas/) | $96.8 million | $228.3 million | none |
| [Utah](https://lotteryaftertaxes.com/powerball/after-taxes/utah/)^\* | $90 million | $212.3 million | 4.45% |
| [Vermont](https://lotteryaftertaxes.com/powerball/after-taxes/vermont/) | $83.4 million | $196.8 million | 8.75% |
| [Virginia](https://lotteryaftertaxes.com/powerball/after-taxes/virginia/) | $88 million | $207.6 million | 5.75% |
| [Washington](https://lotteryaftertaxes.com/powerball/after-taxes/washington/) | $96.8 million | $228.3 million | none |
| [West Virginia](https://lotteryaftertaxes.com/powerball/after-taxes/west-virginia/) | $89.8 million | $211.8 million | 4.58% |
| [Wisconsin](https://lotteryaftertaxes.com/powerball/after-taxes/wisconsin/) | $85.1 million | $200.8 million | 7.65% |
| [Wyoming](https://lotteryaftertaxes.com/powerball/after-taxes/wyoming/) | $96.8 million | $228.3 million | none |

^\* No state lottery; residents who win with a ticket bought elsewhere still owe their home state's income tax, and the state where the ticket was bought may tax it first. Local rows (New York City, Yonkers) include state and city tax.

### Lump sum or annuity

**Lump sum and annuity after tax in a state with no income tax**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $153,600,000 | $360,000,000 |
| Total tax | −$56,782,000 | −$131,700,008 |
| You keep | $96,818,000 | $228,299,993 |
| In today's dollars, annuity discounted at 3% a year | $96,818,000 | $138,238,859 |
| When you get it | All at once | $3.5 million now, then yearly up to $14.1 million |

The annuity keeps **$131.5 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.47% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

#### 30 annuity payments from $3.5 million to $14.1 million after federal tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $5,418,517 | −$1,954,851 | $0 | $3,463,665 |
| 2 | 2027 | $5,689,442 | −$2,055,094 | $0 | $3,634,349 |
| 3 | 2028 | $5,973,915 | −$2,160,349 | $0 | $3,813,566 |
| 4 | 2029 | $6,272,610 | −$2,270,866 | $0 | $4,001,744 |
| 5 | 2030 | $6,586,241 | −$2,386,909 | $0 | $4,199,331 |
| 6 | 2031 | $6,915,553 | −$2,508,755 | $0 | $4,406,798 |
| 7 | 2032 | $7,261,331 | −$2,636,693 | $0 | $4,624,638 |
| 8 | 2033 | $7,624,397 | −$2,771,027 | $0 | $4,853,370 |
| 9 | 2034 | $8,005,617 | −$2,912,078 | $0 | $5,093,538 |
| 10 | 2035 | $8,405,898 | −$3,060,182 | $0 | $5,345,715 |
| 11 | 2036 | $8,826,193 | −$3,215,692 | $0 | $5,610,501 |
| 12 | 2037 | $9,267,502 | −$3,378,976 | $0 | $5,888,526 |
| 13 | 2038 | $9,730,877 | −$3,550,425 | $0 | $6,180,452 |
| 14 | 2039 | $10,217,421 | −$3,730,446 | $0 | $6,486,975 |
| 15 | 2040 | $10,728,292 | −$3,919,468 | $0 | $6,808,824 |
| 16 | 2041 | $11,264,707 | −$4,117,942 | $0 | $7,146,765 |
| 17 | 2042 | $11,827,942 | −$4,326,339 | $0 | $7,501,603 |
| 18 | 2043 | $12,419,339 | −$4,545,156 | $0 | $7,874,184 |
| 19 | 2044 | $13,040,306 | −$4,774,914 | $0 | $8,265,393 |
| 20 | 2045 | $13,692,322 | −$5,016,159 | $0 | $8,676,162 |
| 21 | 2046 | $14,376,938 | −$5,269,467 | $0 | $9,107,471 |
| 22 | 2047 | $15,095,785 | −$5,535,441 | $0 | $9,560,344 |
| 23 | 2048 | $15,850,574 | −$5,814,713 | $0 | $10,035,861 |
| 24 | 2049 | $16,643,103 | −$6,107,948 | $0 | $10,535,154 |
| 25 | 2050 | $17,475,258 | −$6,415,846 | $0 | $11,059,412 |
| 26 | 2051 | $18,349,021 | −$6,739,138 | $0 | $11,609,883 |
| 27 | 2052 | $19,266,472 | −$7,078,595 | $0 | $12,187,877 |
| 28 | 2053 | $20,229,795 | −$7,435,024 | $0 | $12,794,771 |
| 29 | 2054 | $21,241,285 | −$7,809,276 | $0 | $13,432,009 |
| 30 | 2055 | $22,303,349 | −$8,202,239 | $0 | $14,101,110 |
| Total |  | $360,000,000 | −$131,700,008 | $0 | $228,299,993 |

### Questions

#### How much is the current Powerball jackpot after taxes?

About $96.8 million in cash in a state with no income tax, down to $74.1 million in New York City. The cash option is about $153.6 million before taxes.

#### What is the cash value of a $360 million Powerball jackpot?

About $153.6 million. The advertised $360 million is the sum of 30 annuity payments; the cash option is the money actually in the jackpot pool, which is why it is smaller.

#### How much is the $360 million Powerball annuity per year after taxes?

The first payment is about $5.4 million before taxes and $3.5 million after federal tax, rising 5% a year to $14.1 million after tax in year 30 (before any state tax).

#### How much federal tax do you pay on a $360 million Powerball jackpot?

About $56.8 million on the cash option: $36.9 million withheld at claim (24%) and about $19.9 million more when you file, because the top bracket is 37%.

#### Which state is best to win a $360 million Powerball jackpot in?

You keep the most, $96.8 million in cash, in Alaska, California, Florida, Nevada, New Hampshire, South Dakota and 4 more. You keep the least in New York City.

### Related

#### By amount

- [$200 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/200-million-after-taxes/)
- [$300 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/300-million-after-taxes/)
- [$500 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/)
- [$750 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/750-million-after-taxes/)
- [$1 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/)
- [$1.5 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1.5-billion-after-taxes/)
- [$2 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/2-billion-after-taxes/)

#### More

- [Powerball annuity schedule](https://lotteryaftertaxes.com/powerball/annuity-schedule/)
- [Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/after-taxes/)
- [Largest jackpots in history](https://lotteryaftertaxes.com/history/)
- [Best states to win the lottery](https://lotteryaftertaxes.com/best-states-to-win-the-lottery/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)
- [Powerball FAQs](https://www.powerball.com/faqs) (checked Sep 26, 2026)
- [State rules: see the sources page for all 51 jurisdictions](https://lotteryaftertaxes.com/sources/)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Mega Millions After Taxes by State: $300 Million Jackpot Is $59.9 Million to $78.2 Million in Cash (2026)

Source: https://lotteryaftertaxes.com/mega-millions/after-taxes/

Current Mega Millions jackpot $300 million, cash option $124.1 million. Single filer.

You keep about $78.2 million in cash where there is no state income tax

Seventy-eight million two hundred thirty-three thousand and 00/100 dollars

From **$59.9 million** in New York City to **$78.2 million** in Alaska, California, Florida, Nevada and 6 more.

Jackpot data as of Sep 26, 2026, for the Tuesday, Sep 29 drawing.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $300,000,000 |
| Cash option: Official cash value | $124,100,000 |
| Federal tax withheld at claim: 24% of the prize | −$29,784,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$16,083,000 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.1% of the advertised jackpot | $78,233,000 |

Pick your state below for its own breakdown, annuity schedule and filing-status options. Next drawing: Tuesday, September 29 at 11:00 p.m. ET. Drawings every Tuesday and Friday.

### All 50 states and DC

**Single filer, ticket bought in the state you live in. Sort by clicking a column name.**

| [State](https://lotteryaftertaxes.com/mega-millions/after-taxes/?sort=state&dir=desc#states) | [Cash kept](https://lotteryaftertaxes.com/mega-millions/after-taxes/?sort=kept&dir=desc#states) | [Annuity kept](https://lotteryaftertaxes.com/mega-millions/after-taxes/?sort=annuity&dir=desc#states) | [State tax](https://lotteryaftertaxes.com/mega-millions/after-taxes/?sort=rate&dir=desc#states) |
| --- | --- | --- | --- |
| [Alabama](https://lotteryaftertaxes.com/mega-millions/after-taxes/alabama/)^\* | $72 million | $175.5 million | 5% |
| [Alaska](https://lotteryaftertaxes.com/mega-millions/after-taxes/alaska/)^\* | $78.2 million | $190.5 million | none |
| [Arizona](https://lotteryaftertaxes.com/mega-millions/after-taxes/arizona/) | $75.1 million | $183 million | 2.5% |
| [Arkansas](https://lotteryaftertaxes.com/mega-millions/after-taxes/arkansas/) | $73.6 million | $179.4 million | 3.7% |
| [California](https://lotteryaftertaxes.com/mega-millions/after-taxes/california/) | $78.2 million | $190.5 million | exempt |
| [Colorado](https://lotteryaftertaxes.com/mega-millions/after-taxes/colorado/) | $72.8 million | $177.3 million | 4.4% |
| [Connecticut](https://lotteryaftertaxes.com/mega-millions/after-taxes/connecticut/) | $69.6 million | $169.5 million | 6.99% |
| [Delaware](https://lotteryaftertaxes.com/mega-millions/after-taxes/delaware/) | $70 million | $170.7 million | 6.6% |
| [District of Columbia](https://lotteryaftertaxes.com/mega-millions/after-taxes/district-of-columbia/) | $64.9 million | $158.2 million | 10.75% |
| [Florida](https://lotteryaftertaxes.com/mega-millions/after-taxes/florida/) | $78.2 million | $190.5 million | none |
| [Georgia](https://lotteryaftertaxes.com/mega-millions/after-taxes/georgia/) | $72 million | $175.5 million | 4.99% |
| [Hawaii](https://lotteryaftertaxes.com/mega-millions/after-taxes/hawaii/)^\* | $64.6 million | $157.5 million | 11% |
| [Idaho](https://lotteryaftertaxes.com/mega-millions/after-taxes/idaho/) | $71.7 million | $174.6 million | 5.3% |
| [Illinois](https://lotteryaftertaxes.com/mega-millions/after-taxes/illinois/) | $72.1 million | $175.6 million | 4.95% |
| [Indiana](https://lotteryaftertaxes.com/mega-millions/after-taxes/indiana/) | $74.6 million | $181.6 million | 2.95% |
| [Iowa](https://lotteryaftertaxes.com/mega-millions/after-taxes/iowa/) | $73.5 million | $179.1 million | 3.8% |
| [Kansas](https://lotteryaftertaxes.com/mega-millions/after-taxes/kansas/) | $71.3 million | $173.8 million | 5.58% |
| [Kentucky](https://lotteryaftertaxes.com/mega-millions/after-taxes/kentucky/) | $73.9 million | $180 million | 3.5% |
| [Louisiana](https://lotteryaftertaxes.com/mega-millions/after-taxes/louisiana/) | $74.5 million | $181.5 million | 3% |
| [Maine](https://lotteryaftertaxes.com/mega-millions/after-taxes/maine/) | $66.9 million | $163 million | 9.15% |
| [Maryland](https://lotteryaftertaxes.com/mega-millions/after-taxes/maryland/) | $70.2 million | $171 million | 6.5% |
| [Massachusetts](https://lotteryaftertaxes.com/mega-millions/after-taxes/massachusetts/) | $67.1 million | $163.5 million | 9% |
| [Michigan](https://lotteryaftertaxes.com/mega-millions/after-taxes/michigan/) | $73 million | $177.7 million | 4.25% |
| [Minnesota](https://lotteryaftertaxes.com/mega-millions/after-taxes/minnesota/) | $66 million | $160.9 million | 9.85% |
| [Mississippi](https://lotteryaftertaxes.com/mega-millions/after-taxes/mississippi/) | $73.3 million | $178.5 million | 4% |
| [Missouri](https://lotteryaftertaxes.com/mega-millions/after-taxes/missouri/) | $72.4 million | $176.4 million | 4.7% |
| [Montana](https://lotteryaftertaxes.com/mega-millions/after-taxes/montana/) | $71.2 million | $173.5 million | 5.65% |
| [Nebraska](https://lotteryaftertaxes.com/mega-millions/after-taxes/nebraska/) | $72.6 million | $176.8 million | 4.55% |
| [Nevada](https://lotteryaftertaxes.com/mega-millions/after-taxes/nevada/)^\* | $78.2 million | $190.5 million | none |
| [New Hampshire](https://lotteryaftertaxes.com/mega-millions/after-taxes/new-hampshire/) | $78.2 million | $190.5 million | none |
| [New Jersey](https://lotteryaftertaxes.com/mega-millions/after-taxes/new-jersey/) | $64.9 million | $158.2 million | 10.75% |
| [New Mexico](https://lotteryaftertaxes.com/mega-millions/after-taxes/new-mexico/) | $70.9 million | $172.8 million | 5.9% |
| [New York](https://lotteryaftertaxes.com/mega-millions/after-taxes/new-york/) | $64.7 million | $157.8 million | 10.9% |
| New York City | $59.9 million | $146.2 million | 14.776% |
| Yonkers | $62.4 million | $152.3 million | 12.726% |
| [North Carolina](https://lotteryaftertaxes.com/mega-millions/after-taxes/north-carolina/) | $73.3 million | $178.5 million | 3.99% |
| [North Dakota](https://lotteryaftertaxes.com/mega-millions/after-taxes/north-dakota/) | $75.1 million | $183 million | 2.5% |
| [Ohio](https://lotteryaftertaxes.com/mega-millions/after-taxes/ohio/) | $74.8 million | $182.2 million | 2.75% |
| [Oklahoma](https://lotteryaftertaxes.com/mega-millions/after-taxes/oklahoma/) | $72.6 million | $177 million | 4.5% |
| [Oregon](https://lotteryaftertaxes.com/mega-millions/after-taxes/oregon/) | $65.9 million | $160.8 million | 9.9% |
| [Pennsylvania](https://lotteryaftertaxes.com/mega-millions/after-taxes/pennsylvania/) | $74.4 million | $181.3 million | 3.07% |
| [Rhode Island](https://lotteryaftertaxes.com/mega-millions/after-taxes/rhode-island/) | $70.8 million | $172.5 million | 5.99% |
| [South Carolina](https://lotteryaftertaxes.com/mega-millions/after-taxes/south-carolina/) | $71.8 million | $174.9 million | 5.21% |
| [South Dakota](https://lotteryaftertaxes.com/mega-millions/after-taxes/south-dakota/) | $78.2 million | $190.5 million | none |
| [Tennessee](https://lotteryaftertaxes.com/mega-millions/after-taxes/tennessee/) | $78.2 million | $190.5 million | none |
| [Texas](https://lotteryaftertaxes.com/mega-millions/after-taxes/texas/) | $78.2 million | $190.5 million | none |
| [Utah](https://lotteryaftertaxes.com/mega-millions/after-taxes/utah/)^\* | $72.7 million | $177.1 million | 4.45% |
| [Vermont](https://lotteryaftertaxes.com/mega-millions/after-taxes/vermont/) | $67.4 million | $164.2 million | 8.75% |
| [Virginia](https://lotteryaftertaxes.com/mega-millions/after-taxes/virginia/) | $71.1 million | $173.2 million | 5.75% |
| [Washington](https://lotteryaftertaxes.com/mega-millions/after-taxes/washington/) | $78.2 million | $190.5 million | none |
| [West Virginia](https://lotteryaftertaxes.com/mega-millions/after-taxes/west-virginia/) | $72.5 million | $176.8 million | 4.58% |
| [Wisconsin](https://lotteryaftertaxes.com/mega-millions/after-taxes/wisconsin/) | $68.7 million | $167.5 million | 7.65% |
| [Wyoming](https://lotteryaftertaxes.com/mega-millions/after-taxes/wyoming/) | $78.2 million | $190.5 million | none |

^\* No state lottery; residents who win with a ticket bought elsewhere still owe their home state's income tax, and the state where the ticket was bought may tax it first. Local rows (New York City, Yonkers) include state and city tax.

### Lump sum or annuity

**Lump sum and annuity after tax in a state with no income tax**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $124,100,000 | $300,000,000 |
| Total tax | −$45,867,000 | −$109,500,008 |
| You keep | $78,233,000 | $190,499,993 |
| In today's dollars, annuity discounted at 3% a year | $78,233,000 | $115,367,286 |
| When you get it | All at once | $2.9 million now, then yearly up to $11.8 million |

The annuity keeps **$112.3 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.71% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

#### 30 annuity payments from $2.9 million to $11.8 million after federal tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $4,515,431 | −$1,620,710 | $0 | $2,894,721 |
| 2 | 2027 | $4,741,202 | −$1,704,245 | $0 | $3,036,957 |
| 3 | 2028 | $4,978,262 | −$1,791,957 | $0 | $3,186,305 |
| 4 | 2029 | $5,227,175 | −$1,884,055 | $0 | $3,343,120 |
| 5 | 2030 | $5,488,534 | −$1,980,758 | $0 | $3,507,776 |
| 6 | 2031 | $5,762,961 | −$2,082,296 | $0 | $3,680,665 |
| 7 | 2032 | $6,051,109 | −$2,188,910 | $0 | $3,862,198 |
| 8 | 2033 | $6,353,664 | −$2,300,856 | $0 | $4,052,808 |
| 9 | 2034 | $6,671,347 | −$2,418,399 | $0 | $4,252,949 |
| 10 | 2035 | $7,004,915 | −$2,541,819 | $0 | $4,463,096 |
| 11 | 2036 | $7,355,161 | −$2,671,410 | $0 | $4,683,751 |
| 12 | 2037 | $7,722,919 | −$2,807,480 | $0 | $4,915,438 |
| 13 | 2038 | $8,109,064 | −$2,950,354 | $0 | $5,158,710 |
| 14 | 2039 | $8,514,518 | −$3,100,372 | $0 | $5,414,146 |
| 15 | 2040 | $8,940,244 | −$3,257,890 | $0 | $5,682,353 |
| 16 | 2041 | $9,387,256 | −$3,423,285 | $0 | $5,963,971 |
| 17 | 2042 | $9,856,619 | −$3,596,949 | $0 | $6,259,669 |
| 18 | 2043 | $10,349,449 | −$3,779,297 | $0 | $6,570,153 |
| 19 | 2044 | $10,866,922 | −$3,970,761 | $0 | $6,896,161 |
| 20 | 2045 | $11,410,268 | −$4,171,799 | $0 | $7,238,469 |
| 21 | 2046 | $11,980,781 | −$4,382,889 | $0 | $7,597,892 |
| 22 | 2047 | $12,579,821 | −$4,604,534 | $0 | $7,975,287 |
| 23 | 2048 | $13,208,812 | −$4,837,261 | $0 | $8,371,551 |
| 24 | 2049 | $13,869,252 | −$5,081,624 | $0 | $8,787,629 |
| 25 | 2050 | $14,562,715 | −$5,338,205 | $0 | $9,224,510 |
| 26 | 2051 | $15,290,850 | −$5,607,615 | $0 | $9,683,236 |
| 27 | 2052 | $16,055,393 | −$5,890,496 | $0 | $10,164,897 |
| 28 | 2053 | $16,858,163 | −$6,187,520 | $0 | $10,670,642 |
| 29 | 2054 | $17,701,071 | −$6,499,396 | $0 | $11,201,674 |
| 30 | 2055 | $18,586,124 | −$6,826,866 | $0 | $11,759,258 |
| Total |  | $300,000,000 | −$109,500,008 | $0 | $190,499,993 |

### Questions

#### How much is the current Mega Millions jackpot after taxes?

About $78.2 million in cash in a state with no income tax, down to $59.9 million in New York City. The cash option is about $124.1 million before taxes.

#### What is the cash value of a $300 million Mega Millions jackpot?

About $124.1 million. The advertised $300 million is the sum of 30 annuity payments; the cash option is the money actually in the jackpot pool, which is why it is smaller.

#### How much is the $300 million Mega Millions annuity per year after taxes?

The first payment is about $4.5 million before taxes and $2.9 million after federal tax, rising 5% a year to $11.8 million after tax in year 30 (before any state tax).

#### How much federal tax do you pay on a $300 million Mega Millions jackpot?

About $45.9 million on the cash option: $29.8 million withheld at claim (24%) and about $16.1 million more when you file, because the top bracket is 37%.

#### Which state is best to win a $300 million Mega Millions jackpot in?

You keep the most, $78.2 million in cash, in Alaska, California, Florida, Nevada, New Hampshire, South Dakota and 4 more. You keep the least in New York City.

### Related

#### By amount

- [$200 million Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/200-million-after-taxes/)
- [$300 million Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/300-million-after-taxes/)
- [$500 million Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/500-million-after-taxes/)
- [$750 million Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/750-million-after-taxes/)
- [$1 billion Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/)
- [$1.5 billion Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/1.5-billion-after-taxes/)
- [$2 billion Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/2-billion-after-taxes/)

#### More

- [Mega Millions annuity schedule](https://lotteryaftertaxes.com/mega-millions/annuity-schedule/)
- [Powerball after taxes](https://lotteryaftertaxes.com/powerball/after-taxes/)
- [Largest jackpots in history](https://lotteryaftertaxes.com/history/)
- [Best states to win the lottery](https://lotteryaftertaxes.com/best-states-to-win-the-lottery/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Mega Millions official site (current jackpot and cash value)](https://www.megamillions.com/) (checked Sep 26, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/26/no-tickets-sold-with-all-six-mega-millions-numbers-jackpot-at-300-million-2/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [New Mega Millions arrives in April (megamillions.com)](https://www.megamillions.com/News/2025/New-Mega-Millions%C2%AE-arrives-in-April.aspx) (checked Sep 26, 2026)
- [Mega Millions To Get MEGA Enhancements in April 2025 (megamillions.com)](https://www.megamillions.com/News/2024/Mega-Millions-To-Get-MEGA-Enhancements-in-April-20.aspx) (checked Sep 26, 2026)
- [Mega Millions Game Change FAQ (Illinois Lottery)](https://www.illinoislottery.com/help-center/faqs/mega-millions-game-change) (checked Sep 26, 2026)
- [State rules: see the sources page for all 51 jurisdictions](https://lotteryaftertaxes.com/sources/)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Lottery Tax Calculator: Any Prize, Any State, Cash or Annuity (2026)

Source: https://lotteryaftertaxes.com/calculator/

Any prize, any state: federal withholding, federal tax at filing, state and city tax, for a jackpot or a single cash prize.

Powerball jackpot $360 million (current), winner living in Texas.

You keep about $96.8 million in cash, single filer

Ninety-six million eight hundred eighteen thousand and 00/100 dollars

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $360,000,000 |
| Cash option: Official cash value | $153,600,000 |
| Federal tax withheld at claim: 24% of the prize | −$36,864,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$19,918,000 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.9% of the advertised jackpot | $96,818,000 |

### Federal reporting and withholding thresholds for 2026

Every prize is taxable income. What changes with the size of the prize is whether the payer reports it to the IRS on Form W-2G and whether it withholds tax up front.

**Form W-2G thresholds (IRS instructions, revised January 2026)**

| Type of winnings | W-2G at | Notes |
| --- | --- | --- |
| Lottery | $2,000 | 2026: winnings of $2,000 or more AND at least 300x the wager (up from $600 before 2026). OBBBA sec. 70433 raised the general 'minimum threshold amount' from $600 to $2,000 for payments after 2025, inflation-indexed after 2026. A W-2G is also required whenever 24% regular withholding applies (proceeds > $5,000). |
| Sports wagering and other wagers | $2,000 | Same $2,000 minimum threshold plus the 300x-wager test (was $600). |
| Slot machines | $2,000 | Was $1,200 (since 1977). IRS W-2G instructions (Rev. Jan 2026): $2,000 for calendar year 2026, inflation-adjusted later. Wager not subtracted. |
| Bingo | $2,000 | Was $1,200. $2,000 for 2026 per IRS W-2G instructions. Wager not subtracted. |
| Keno | $2,000 | Was $1,500. IRS W-2G instructions name bingo, keno and slots together at $2,000 for 2026, measured net of the wager. UNCERTAIN: one secondary source said keno was unchanged at $1,500; the IRS text found in search supports $2,000. |
| Poker tournament | $5,000 | More than $5,000 net (prize minus buy-in). Unchanged for 2026 per secondary sources. |

Federal withholding of 24% starts when lottery proceeds (prize minus the ticket price) are more than $5,000, and then applies to the whole prize. Without a Social Security number on file, backup withholding of 24% can apply to smaller reportable prizes.

### Federal brackets for 2026

**Taxable income where each rate starts**

| Rate | Single | Married jointly | Married separately | Head of household |
| --- | --- | --- | --- | --- |
| 10% | $0 | $0 | $0 | $0 |
| 12% | $12,400 | $24,800 | $12,400 | $17,700 |
| 22% | $50,400 | $100,800 | $50,400 | $67,450 |
| 24% | $105,700 | $211,400 | $105,700 | $105,700 |
| 32% | $201,775 | $403,550 | $201,775 | $201,750 |
| 35% | $256,225 | $512,450 | $256,225 | $256,200 |
| 37% | $640,600 | $768,700 | $384,350 | $640,600 |

Standard deduction 2026: $16,100 single, $32,200 married filing jointly, $24,150 head of household.

### Questions

#### Do I have to pay taxes on a $1,000 lottery win?

Yes. All lottery winnings are taxable income, even when nothing is withheld and no form is issued. For 2026 the lottery issues Form W-2G for prizes of $2,000 or more (and at least 300 times the ticket price), and withholds 24% federal tax only on prizes over $5,000.

#### What is the federal tax rate on lottery winnings?

Winnings are taxed at your ordinary income tax rates, from 10% to 37%. The lottery withholds a flat 24% on prizes over $5,000; the top 37% rate applies to taxable income above $640,600 for single filers in 2026.

#### Do you pay state tax on lottery winnings if you live in another state?

Often yes, twice on paper but not in practice: the state where you bought the ticket can tax a non-resident's prize, and your home state taxes it too but gives a credit for the tax paid to the other state. You end up paying the higher of the two rates. Set "Ticket bought in" above to see it.

#### When is a W-2G issued for lottery winnings?

For 2026, when the prize is $2,000 or more and at least 300 times the wager (the threshold was $600 before 2026), and whenever federal tax is withheld.

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [IRS: Instructions for Forms W-2G and 5754](https://www.irs.gov/instructions/iw2g) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Lump Sum vs Annuity: The Cash Must Earn 5.5% After Tax to Win (2026)

Source: https://lotteryaftertaxes.com/lump-sum-vs-annuity/

Current Powerball jackpot $360 million, winner living in Texas, single filer.

The cash option wins only if it earns more than 5.47% a year, after tax

Below that return the annuity pays more; above it, the cash does. Cash kept: **$96.8 million**. Annuity kept: **$228.3 million** over 29 years.

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

**Lump sum and annuity after tax in Texas**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $153,600,000 | $360,000,000 |
| Total tax | −$56,782,000 | −$131,700,008 |
| You keep | $96,818,000 | $228,299,993 |
| In today's dollars, annuity discounted at 3% a year | $96,818,000 | $138,238,859 |
| When you get it | All at once | $3.5 million now, then yearly up to $14.1 million |

The annuity keeps **$131.5 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.47% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

### Break-even calculator

Suppose you take the cash, invest what is left after tax, and pay yourself exactly what the annuity would have paid after tax each year. Does the money last all 30 years?

**At 5% a year the cash runs out in 2054, before the last annuity payment.**

#### Year-by-year balance at 5%

| Year | Withdrawn (= annuity after tax) | Balance after withdrawal |
| --- | --- | --- |
| 2026 | $3,463,665 | $93,354,335 |
| 2027 | $3,634,349 | $94,387,703 |
| 2028 | $3,813,566 | $95,293,522 |
| 2029 | $4,001,744 | $96,056,454 |
| 2030 | $4,199,331 | $96,659,945 |
| 2031 | $4,406,798 | $97,086,144 |
| 2032 | $4,624,638 | $97,315,813 |
| 2033 | $4,853,370 | $97,328,234 |
| 2034 | $5,093,538 | $97,101,108 |
| 2035 | $5,345,715 | $96,610,448 |
| 2036 | $5,610,501 | $95,830,469 |
| 2037 | $5,888,526 | $94,733,466 |
| 2038 | $6,180,452 | $93,289,687 |
| 2039 | $6,486,975 | $91,467,196 |
| 2040 | $6,808,824 | $89,231,732 |
| 2041 | $7,146,765 | $86,546,554 |
| 2042 | $7,501,603 | $83,372,278 |
| 2043 | $7,874,184 | $79,666,708 |
| 2044 | $8,265,393 | $75,384,651 |
| 2045 | $8,676,162 | $70,477,721 |
| 2046 | $9,107,471 | $64,894,137 |
| 2047 | $9,560,344 | $58,578,499 |
| 2048 | $10,035,861 | $51,471,563 |
| 2049 | $10,535,154 | $43,509,987 |
| 2050 | $11,059,412 | $34,626,074 |
| 2051 | $11,609,883 | $24,747,495 |
| 2052 | $12,187,877 | $13,796,993 |
| 2053 | $12,794,771 | $1,692,072 |
| 2054 | $13,432,009 | −$11,655,334 |
| 2055 | $14,101,110 | −$26,339,210 |

### What the numbers leave out

**Control and flexibility.** The cash can pay off debts, buy a home or be given away now. Gifts above the annual exclusion count against the lifetime gift and estate exemption, so large gifts need planning.

**Protection from yourself and others.** The annuity cannot be spent in one year. Winners who worry about pressure from relatives, bad investments or their own spending often choose it for that reason.

**Tax-law risk.** Annuity payments are taxed under the rules of the year they are paid. If federal or state rates rise, the annuity loses; if they fall, it gains. The figures here assume 2026 rules for every year.

**Death.** Remaining annuity payments go to your estate; they do not stop. Estate tax may be due on their value, which is one reason winners who choose the annuity work with an estate attorney.

**Inflation.** The 5% yearly increase offsets inflation in most years. In today's dollars (discounted at 3% a year) the annuity above is worth $138.2 million after tax.

### Questions

#### Is it better to take the lump sum or annuity?

After tax, the annuity pays more in total, but the lump sum wins if you can earn more than 5.5% a year after tax on it. The annuity is also protection against spending too fast; the lump sum gives control, flexibility and something to leave if you die early (though annuity payments do pass to your estate).

#### How is the lottery cash option calculated?

The cash option is the money in the jackpot prize pool. The advertised jackpot is what that pool would buy as a 30-payment annuity at current interest rates, which is why the cash is 42.7% of the advertised Powerball jackpot right now; when rates rise the ratio falls.

#### Can you change from annuity to lump sum later?

Generally no. The choice is made when you claim, within the deadline your state lottery sets. Companies that buy annuity payments offer a lump sum later, but at a steep discount.

#### Do you pay less tax with the annuity?

Slightly, in total rate terms, because each payment uses the lower brackets again every year, but on jackpot-size payments almost everything is still taxed at 37% federal. The bigger difference is timing: the annuity's tax is spread over 30 years.

### Related

#### Schedules

- [Powerball annuity schedule](https://lotteryaftertaxes.com/powerball/annuity-schedule/)
- [Mega Millions annuity schedule](https://lotteryaftertaxes.com/mega-millions/annuity-schedule/)
- [Calculator for any prize](https://lotteryaftertaxes.com/calculator/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Best States to Win the Lottery: 10 Don't Tax Prizes, Ranked by Cash Kept (2026)

Source: https://lotteryaftertaxes.com/best-states-to-win-the-lottery/

Current Powerball jackpot $360 million, cash option $153.6 million, single filer.

In the best states you keep $96.8 million in cash

Ninety-six million eight hundred eighteen thousand and 00/100 dollars

10 jurisdictions take no state tax on lottery prizes. The least is kept in New York City: **$74.1 million**.

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

The best states to win the lottery are the ones that do not tax the prize: Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. After them, flat-tax states with low rates rank highest. The ranking is for residents who bought their ticket at home.

### All 50 states and DC, ranked

**Ranked by cash kept from the current Powerball jackpot, single filer**

| Rank | State | State tax | Cash kept |
| --- | --- | --- | --- |
| 1 | [Alaska](https://lotteryaftertaxes.com/powerball/after-taxes/alaska/)^\* | none | $96.8 million |
| 1 | [California](https://lotteryaftertaxes.com/powerball/after-taxes/california/) | exempt | $96.8 million |
| 1 | [Florida](https://lotteryaftertaxes.com/powerball/after-taxes/florida/) | none | $96.8 million |
| 1 | [Nevada](https://lotteryaftertaxes.com/powerball/after-taxes/nevada/)^\* | none | $96.8 million |
| 1 | [New Hampshire](https://lotteryaftertaxes.com/powerball/after-taxes/new-hampshire/) | none | $96.8 million |
| 1 | [South Dakota](https://lotteryaftertaxes.com/powerball/after-taxes/south-dakota/) | none | $96.8 million |
| 1 | [Tennessee](https://lotteryaftertaxes.com/powerball/after-taxes/tennessee/) | none | $96.8 million |
| 1 | [Texas](https://lotteryaftertaxes.com/powerball/after-taxes/texas/) | none | $96.8 million |
| 1 | [Washington](https://lotteryaftertaxes.com/powerball/after-taxes/washington/) | none | $96.8 million |
| 1 | [Wyoming](https://lotteryaftertaxes.com/powerball/after-taxes/wyoming/) | none | $96.8 million |
| 11 | [Arizona](https://lotteryaftertaxes.com/powerball/after-taxes/arizona/) | 2.5% | $93 million |
| 11 | [North Dakota](https://lotteryaftertaxes.com/powerball/after-taxes/north-dakota/) | 2.5% | $93 million |
| 13 | [Ohio](https://lotteryaftertaxes.com/powerball/after-taxes/ohio/) | 2.75% | $92.6 million |
| 14 | [Indiana](https://lotteryaftertaxes.com/powerball/after-taxes/indiana/) | 2.95% | $92.3 million |
| 15 | [Louisiana](https://lotteryaftertaxes.com/powerball/after-taxes/louisiana/) | 3% | $92.2 million |
| 16 | [Pennsylvania](https://lotteryaftertaxes.com/powerball/after-taxes/pennsylvania/) | 3.07% | $92.1 million |
| 17 | [Kentucky](https://lotteryaftertaxes.com/powerball/after-taxes/kentucky/) | 3.5% | $91.4 million |
| 18 | [Arkansas](https://lotteryaftertaxes.com/powerball/after-taxes/arkansas/) | 3.7% | $91.1 million |
| 19 | [Iowa](https://lotteryaftertaxes.com/powerball/after-taxes/iowa/) | 3.8% | $91 million |
| 20 | [North Carolina](https://lotteryaftertaxes.com/powerball/after-taxes/north-carolina/) | 3.99% | $90.7 million |
| 21 | [Mississippi](https://lotteryaftertaxes.com/powerball/after-taxes/mississippi/) | 4% | $90.7 million |
| 22 | [Michigan](https://lotteryaftertaxes.com/powerball/after-taxes/michigan/) | 4.25% | $90.3 million |
| 23 | [Colorado](https://lotteryaftertaxes.com/powerball/after-taxes/colorado/) | 4.4% | $90.1 million |
| 24 | [Utah](https://lotteryaftertaxes.com/powerball/after-taxes/utah/)^\* | 4.45% | $90 million |
| 25 | [Oklahoma](https://lotteryaftertaxes.com/powerball/after-taxes/oklahoma/) | 4.5% | $89.9 million |
| 26 | [Nebraska](https://lotteryaftertaxes.com/powerball/after-taxes/nebraska/) | 4.55% | $89.8 million |
| 27 | [West Virginia](https://lotteryaftertaxes.com/powerball/after-taxes/west-virginia/) | 4.58% | $89.8 million |
| 28 | [Missouri](https://lotteryaftertaxes.com/powerball/after-taxes/missouri/) | 4.7% | $89.6 million |
| 29 | [Illinois](https://lotteryaftertaxes.com/powerball/after-taxes/illinois/) | 4.95% | $89.2 million |
| 30 | [Georgia](https://lotteryaftertaxes.com/powerball/after-taxes/georgia/) | 4.99% | $89.2 million |
| 31 | [Alabama](https://lotteryaftertaxes.com/powerball/after-taxes/alabama/)^\* | 5% | $89.1 million |
| 32 | [South Carolina](https://lotteryaftertaxes.com/powerball/after-taxes/south-carolina/) | 5.21% | $88.8 million |
| 33 | [Idaho](https://lotteryaftertaxes.com/powerball/after-taxes/idaho/) | 5.3% | $88.7 million |
| 34 | [Kansas](https://lotteryaftertaxes.com/powerball/after-taxes/kansas/) | 5.58% | $88.2 million |
| 35 | [Montana](https://lotteryaftertaxes.com/powerball/after-taxes/montana/) | 5.65% | $88.1 million |
| 36 | [Virginia](https://lotteryaftertaxes.com/powerball/after-taxes/virginia/) | 5.75% | $88 million |
| 37 | [New Mexico](https://lotteryaftertaxes.com/powerball/after-taxes/new-mexico/) | 5.9% | $87.8 million |
| 38 | [Rhode Island](https://lotteryaftertaxes.com/powerball/after-taxes/rhode-island/) | 5.99% | $87.6 million |
| 39 | [Maryland](https://lotteryaftertaxes.com/powerball/after-taxes/maryland/) | 6.5% | $86.8 million |
| 40 | [Delaware](https://lotteryaftertaxes.com/powerball/after-taxes/delaware/) | 6.6% | $86.7 million |
| 41 | [Connecticut](https://lotteryaftertaxes.com/powerball/after-taxes/connecticut/) | 6.99% | $86.1 million |
| 42 | [Wisconsin](https://lotteryaftertaxes.com/powerball/after-taxes/wisconsin/) | 7.65% | $85.1 million |
| 43 | [Vermont](https://lotteryaftertaxes.com/powerball/after-taxes/vermont/) | 8.75% | $83.4 million |
| 44 | [Massachusetts](https://lotteryaftertaxes.com/powerball/after-taxes/massachusetts/) | 9% | $83 million |
| 45 | [Maine](https://lotteryaftertaxes.com/powerball/after-taxes/maine/) | 9.15% | $82.8 million |
| 46 | [Minnesota](https://lotteryaftertaxes.com/powerball/after-taxes/minnesota/) | 9.85% | $81.7 million |
| 47 | [Oregon](https://lotteryaftertaxes.com/powerball/after-taxes/oregon/) | 9.9% | $81.6 million |
| 48 | [District of Columbia](https://lotteryaftertaxes.com/powerball/after-taxes/district-of-columbia/) | 10.75% | $80.3 million |
| 48 | [New Jersey](https://lotteryaftertaxes.com/powerball/after-taxes/new-jersey/) | 10.75% | $80.3 million |
| 50 | [New York](https://lotteryaftertaxes.com/powerball/after-taxes/new-york/) | 10.9% | $80.1 million |
| 51 | [Hawaii](https://lotteryaftertaxes.com/powerball/after-taxes/hawaii/)^\* | 11% | $79.9 million |

^\* No state lottery: residents must buy tickets in another state, which may tax the prize first.

### Why the ticket's state matters too

A prize is taxed where you live and can also be taxed where the ticket was sold. States such as Arizona and Maryland tax non-residents who win with a ticket bought there; your home state then gives a credit, so you pay the higher of the two rates. Buying in a no-tax state does not help if your home state taxes lottery prizes. The [calculator](https://lotteryaftertaxes.com/calculator/) handles both states.

### Questions

#### What is the best state to win the lottery in?

The 10 jurisdictions that do not tax lottery prizes tie for first: Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming. A winner there keeps about $96.8 million of the current Powerball jackpot in cash.

#### What is the worst state to win the lottery in?

Hawaii takes the biggest share among states, and New York City residents pay the most of all: about $74.1 million kept from the same jackpot.

#### Can you move to a state with no income tax before claiming?

Moving after the drawing does not help: the prize is taxed by the state you lived in when you won, and the state where the ticket was bought can tax it too. Consult a tax professional before claiming.

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [State rules: see the sources page for all 51 jurisdictions](https://lotteryaftertaxes.com/sources/)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Powerball Annuity Payment Schedule: 30 Payments for the $360 Million Jackpot (2026)

Source: https://lotteryaftertaxes.com/powerball/annuity-schedule/

Powerball jackpot $360 million, winner living in Texas, single filer.

First payment, before tax $5.4 million paid at claim

Five million four hundred eighteen thousand five hundred seventeen and 00/100 dollars

Rising 5% a year to **$22.3 million** in year 30. After tax: **$3.5 million** first, **$228.3 million** in total.

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $5,418,517 | −$1,954,851 | $0 | $3,463,665 |
| 2 | 2027 | $5,689,442 | −$2,055,094 | $0 | $3,634,349 |
| 3 | 2028 | $5,973,915 | −$2,160,349 | $0 | $3,813,566 |
| 4 | 2029 | $6,272,610 | −$2,270,866 | $0 | $4,001,744 |
| 5 | 2030 | $6,586,241 | −$2,386,909 | $0 | $4,199,331 |
| 6 | 2031 | $6,915,553 | −$2,508,755 | $0 | $4,406,798 |
| 7 | 2032 | $7,261,331 | −$2,636,693 | $0 | $4,624,638 |
| 8 | 2033 | $7,624,397 | −$2,771,027 | $0 | $4,853,370 |
| 9 | 2034 | $8,005,617 | −$2,912,078 | $0 | $5,093,538 |
| 10 | 2035 | $8,405,898 | −$3,060,182 | $0 | $5,345,715 |
| 11 | 2036 | $8,826,193 | −$3,215,692 | $0 | $5,610,501 |
| 12 | 2037 | $9,267,502 | −$3,378,976 | $0 | $5,888,526 |
| 13 | 2038 | $9,730,877 | −$3,550,425 | $0 | $6,180,452 |
| 14 | 2039 | $10,217,421 | −$3,730,446 | $0 | $6,486,975 |
| 15 | 2040 | $10,728,292 | −$3,919,468 | $0 | $6,808,824 |
| 16 | 2041 | $11,264,707 | −$4,117,942 | $0 | $7,146,765 |
| 17 | 2042 | $11,827,942 | −$4,326,339 | $0 | $7,501,603 |
| 18 | 2043 | $12,419,339 | −$4,545,156 | $0 | $7,874,184 |
| 19 | 2044 | $13,040,306 | −$4,774,914 | $0 | $8,265,393 |
| 20 | 2045 | $13,692,322 | −$5,016,159 | $0 | $8,676,162 |
| 21 | 2046 | $14,376,938 | −$5,269,467 | $0 | $9,107,471 |
| 22 | 2047 | $15,095,785 | −$5,535,441 | $0 | $9,560,344 |
| 23 | 2048 | $15,850,574 | −$5,814,713 | $0 | $10,035,861 |
| 24 | 2049 | $16,643,103 | −$6,107,948 | $0 | $10,535,154 |
| 25 | 2050 | $17,475,258 | −$6,415,846 | $0 | $11,059,412 |
| 26 | 2051 | $18,349,021 | −$6,739,138 | $0 | $11,609,883 |
| 27 | 2052 | $19,266,472 | −$7,078,595 | $0 | $12,187,877 |
| 28 | 2053 | $20,229,795 | −$7,435,024 | $0 | $12,794,771 |
| 29 | 2054 | $21,241,285 | −$7,809,276 | $0 | $13,432,009 |
| 30 | 2055 | $22,303,349 | −$8,202,239 | $0 | $14,101,110 |
| Total |  | $360,000,000 | −$131,700,008 | $0 | $228,299,993 |

Payments are taxed in the year they are received. Future brackets are unknown, so every year uses the 2026 brackets, standard deduction and state rate, with no other income. See [methodology](https://lotteryaftertaxes.com/methodology/).

### Annuity or cash?

**Lump sum and annuity after tax in Texas**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $153,600,000 | $360,000,000 |
| Total tax | −$56,782,000 | −$131,700,008 |
| You keep | $96,818,000 | $228,299,993 |
| In today's dollars, annuity discounted at 3% a year | $96,818,000 | $138,238,859 |
| When you get it | All at once | $3.5 million now, then yearly up to $14.1 million |

The annuity keeps **$131.5 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.47% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

### Questions

#### How does the Powerball annuity work?

You get one payment when you claim and 29 more once a year. Each payment is 5% larger than the one before, and the 30 payments add up to the advertised jackpot ($360 million).

#### How much is the first Powerball annuity payment?

About $5.4 million before taxes for the current jackpot, or $3.5 million after federal and Texas taxes for a single filer.

#### Do you pay taxes on lottery annuity payments every year?

Yes. Each payment is income in the year you receive it: 24% federal tax is withheld from every payment and the rest is settled on that year's return. The table assumes today's 2026 brackets for all 30 years.

#### What happens to the Powerball annuity if you die?

The remaining payments go to your estate or beneficiaries. They do not stop. Estate tax may then be due on the value of the remaining payments, so winners who take the annuity usually plan for this with an estate attorney.

#### Is the annuity worth more than the cash option?

In total dollars, yes: about $131.5 million more after taxes here. The cash option wins only if it can earn more than 5.5% a year after tax.

### Related

#### More

- [Powerball after taxes in Texas](https://lotteryaftertaxes.com/powerball/after-taxes/texas/)
- [Mega Millions annuity schedule](https://lotteryaftertaxes.com/mega-millions/annuity-schedule/)
- [Lump sum vs annuity, explained](https://lotteryaftertaxes.com/lump-sum-vs-annuity/)
- [Calculator for any prize](https://lotteryaftertaxes.com/calculator/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)
- [Powerball FAQs](https://www.powerball.com/faqs) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [Texas: Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Mega Millions Annuity Payment Schedule: 30 Payments for the $300 Million Jackpot (2026)

Source: https://lotteryaftertaxes.com/mega-millions/annuity-schedule/

Mega Millions jackpot $300 million, winner living in Texas, single filer.

First payment, before tax $4.5 million paid at claim

Four million five hundred fifteen thousand four hundred thirty-one and 00/100 dollars

Rising 5% a year to **$18.6 million** in year 30. After tax: **$2.9 million** first, **$190.5 million** in total.

Jackpot data as of Sep 26, 2026, for the Tuesday, Sep 29 drawing.

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $4,515,431 | −$1,620,710 | $0 | $2,894,721 |
| 2 | 2027 | $4,741,202 | −$1,704,245 | $0 | $3,036,957 |
| 3 | 2028 | $4,978,262 | −$1,791,957 | $0 | $3,186,305 |
| 4 | 2029 | $5,227,175 | −$1,884,055 | $0 | $3,343,120 |
| 5 | 2030 | $5,488,534 | −$1,980,758 | $0 | $3,507,776 |
| 6 | 2031 | $5,762,961 | −$2,082,296 | $0 | $3,680,665 |
| 7 | 2032 | $6,051,109 | −$2,188,910 | $0 | $3,862,198 |
| 8 | 2033 | $6,353,664 | −$2,300,856 | $0 | $4,052,808 |
| 9 | 2034 | $6,671,347 | −$2,418,399 | $0 | $4,252,949 |
| 10 | 2035 | $7,004,915 | −$2,541,819 | $0 | $4,463,096 |
| 11 | 2036 | $7,355,161 | −$2,671,410 | $0 | $4,683,751 |
| 12 | 2037 | $7,722,919 | −$2,807,480 | $0 | $4,915,438 |
| 13 | 2038 | $8,109,064 | −$2,950,354 | $0 | $5,158,710 |
| 14 | 2039 | $8,514,518 | −$3,100,372 | $0 | $5,414,146 |
| 15 | 2040 | $8,940,244 | −$3,257,890 | $0 | $5,682,353 |
| 16 | 2041 | $9,387,256 | −$3,423,285 | $0 | $5,963,971 |
| 17 | 2042 | $9,856,619 | −$3,596,949 | $0 | $6,259,669 |
| 18 | 2043 | $10,349,449 | −$3,779,297 | $0 | $6,570,153 |
| 19 | 2044 | $10,866,922 | −$3,970,761 | $0 | $6,896,161 |
| 20 | 2045 | $11,410,268 | −$4,171,799 | $0 | $7,238,469 |
| 21 | 2046 | $11,980,781 | −$4,382,889 | $0 | $7,597,892 |
| 22 | 2047 | $12,579,821 | −$4,604,534 | $0 | $7,975,287 |
| 23 | 2048 | $13,208,812 | −$4,837,261 | $0 | $8,371,551 |
| 24 | 2049 | $13,869,252 | −$5,081,624 | $0 | $8,787,629 |
| 25 | 2050 | $14,562,715 | −$5,338,205 | $0 | $9,224,510 |
| 26 | 2051 | $15,290,850 | −$5,607,615 | $0 | $9,683,236 |
| 27 | 2052 | $16,055,393 | −$5,890,496 | $0 | $10,164,897 |
| 28 | 2053 | $16,858,163 | −$6,187,520 | $0 | $10,670,642 |
| 29 | 2054 | $17,701,071 | −$6,499,396 | $0 | $11,201,674 |
| 30 | 2055 | $18,586,124 | −$6,826,866 | $0 | $11,759,258 |
| Total |  | $300,000,000 | −$109,500,008 | $0 | $190,499,993 |

Payments are taxed in the year they are received. Future brackets are unknown, so every year uses the 2026 brackets, standard deduction and state rate, with no other income. See [methodology](https://lotteryaftertaxes.com/methodology/).

### Annuity or cash?

**Lump sum and annuity after tax in Texas**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $124,100,000 | $300,000,000 |
| Total tax | −$45,867,000 | −$109,500,008 |
| You keep | $78,233,000 | $190,499,993 |
| In today's dollars, annuity discounted at 3% a year | $78,233,000 | $115,367,286 |
| When you get it | All at once | $2.9 million now, then yearly up to $11.8 million |

The annuity keeps **$112.3 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.71% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

### Questions

#### How does the Mega Millions annuity work?

You get one payment when you claim and 29 more once a year. Each payment is 5% larger than the one before, and the 30 payments add up to the advertised jackpot ($300 million).

#### How much is the first Mega Millions annuity payment?

About $4.5 million before taxes for the current jackpot, or $2.9 million after federal and Texas taxes for a single filer.

#### Do you pay taxes on lottery annuity payments every year?

Yes. Each payment is income in the year you receive it: 24% federal tax is withheld from every payment and the rest is settled on that year's return. The table assumes today's 2026 brackets for all 30 years.

#### What happens to the Mega Millions annuity if you die?

The remaining payments go to your estate or beneficiaries. They do not stop. Estate tax may then be due on the value of the remaining payments, so winners who take the annuity usually plan for this with an estate attorney.

#### Is the annuity worth more than the cash option?

In total dollars, yes: about $112.3 million more after taxes here. The cash option wins only if it can earn more than 5.7% a year after tax.

### Related

#### More

- [Mega Millions after taxes in Texas](https://lotteryaftertaxes.com/mega-millions/after-taxes/texas/)
- [Powerball annuity schedule](https://lotteryaftertaxes.com/powerball/annuity-schedule/)
- [Lump sum vs annuity, explained](https://lotteryaftertaxes.com/lump-sum-vs-annuity/)
- [Calculator for any prize](https://lotteryaftertaxes.com/calculator/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Mega Millions official site (current jackpot and cash value)](https://www.megamillions.com/) (checked Sep 26, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/26/no-tickets-sold-with-all-six-mega-millions-numbers-jackpot-at-300-million-2/) (checked Sep 26, 2026)
- [New Mega Millions arrives in April (megamillions.com)](https://www.megamillions.com/News/2025/New-Mega-Millions%C2%AE-arrives-in-April.aspx) (checked Sep 26, 2026)
- [Mega Millions To Get MEGA Enhancements in April 2025 (megamillions.com)](https://www.megamillions.com/News/2024/Mega-Millions-To-Get-MEGA-Enhancements-in-April-20.aspx) (checked Sep 26, 2026)
- [Mega Millions Game Change FAQ (Illinois Lottery)](https://www.illinoislottery.com/help-center/faqs/mega-millions-game-change) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [Texas: Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Powerball After Taxes in Texas: $96.8 Million Cash From $360 Million (2026)

Source: https://lotteryaftertaxes.com/powerball/after-taxes/texas/

Powerball jackpot $360 million, winner living in Texas. Cash option $153.6 million.

You keep about $96.8 million in cash, single filer

Ninety-six million eight hundred eighteen thousand and 00/100 dollars

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $360,000,000 |
| Cash option: Official cash value | $153,600,000 |
| Federal tax withheld at claim: 24% of the prize | −$36,864,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$19,918,000 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.9% of the advertised jackpot | $96,818,000 |

Texas has no personal income tax, so only federal tax applies to lottery winnings.

### Lump sum or annuity in Texas

**Lump sum and annuity after tax in Texas**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $153,600,000 | $360,000,000 |
| Total tax | −$56,782,000 | −$131,700,008 |
| You keep | $96,818,000 | $228,299,993 |
| In today's dollars, annuity discounted at 3% a year | $96,818,000 | $138,238,859 |
| When you get it | All at once | $3.5 million now, then yearly up to $14.1 million |

The annuity keeps **$131.5 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.47% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

### The 30 annuity payments

#### 30 payments from $3.5 million to $14.1 million after tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $5,418,517 | −$1,954,851 | $0 | $3,463,665 |
| 2 | 2027 | $5,689,442 | −$2,055,094 | $0 | $3,634,349 |
| 3 | 2028 | $5,973,915 | −$2,160,349 | $0 | $3,813,566 |
| 4 | 2029 | $6,272,610 | −$2,270,866 | $0 | $4,001,744 |
| 5 | 2030 | $6,586,241 | −$2,386,909 | $0 | $4,199,331 |
| 6 | 2031 | $6,915,553 | −$2,508,755 | $0 | $4,406,798 |
| 7 | 2032 | $7,261,331 | −$2,636,693 | $0 | $4,624,638 |
| 8 | 2033 | $7,624,397 | −$2,771,027 | $0 | $4,853,370 |
| 9 | 2034 | $8,005,617 | −$2,912,078 | $0 | $5,093,538 |
| 10 | 2035 | $8,405,898 | −$3,060,182 | $0 | $5,345,715 |
| 11 | 2036 | $8,826,193 | −$3,215,692 | $0 | $5,610,501 |
| 12 | 2037 | $9,267,502 | −$3,378,976 | $0 | $5,888,526 |
| 13 | 2038 | $9,730,877 | −$3,550,425 | $0 | $6,180,452 |
| 14 | 2039 | $10,217,421 | −$3,730,446 | $0 | $6,486,975 |
| 15 | 2040 | $10,728,292 | −$3,919,468 | $0 | $6,808,824 |
| 16 | 2041 | $11,264,707 | −$4,117,942 | $0 | $7,146,765 |
| 17 | 2042 | $11,827,942 | −$4,326,339 | $0 | $7,501,603 |
| 18 | 2043 | $12,419,339 | −$4,545,156 | $0 | $7,874,184 |
| 19 | 2044 | $13,040,306 | −$4,774,914 | $0 | $8,265,393 |
| 20 | 2045 | $13,692,322 | −$5,016,159 | $0 | $8,676,162 |
| 21 | 2046 | $14,376,938 | −$5,269,467 | $0 | $9,107,471 |
| 22 | 2047 | $15,095,785 | −$5,535,441 | $0 | $9,560,344 |
| 23 | 2048 | $15,850,574 | −$5,814,713 | $0 | $10,035,861 |
| 24 | 2049 | $16,643,103 | −$6,107,948 | $0 | $10,535,154 |
| 25 | 2050 | $17,475,258 | −$6,415,846 | $0 | $11,059,412 |
| 26 | 2051 | $18,349,021 | −$6,739,138 | $0 | $11,609,883 |
| 27 | 2052 | $19,266,472 | −$7,078,595 | $0 | $12,187,877 |
| 28 | 2053 | $20,229,795 | −$7,435,024 | $0 | $12,794,771 |
| 29 | 2054 | $21,241,285 | −$7,809,276 | $0 | $13,432,009 |
| 30 | 2055 | $22,303,349 | −$8,202,239 | $0 | $14,101,110 |
| Total |  | $360,000,000 | −$131,700,008 | $0 | $228,299,993 |

Full-page version with every state: [Powerball annuity schedule for Texas](https://lotteryaftertaxes.com/powerball/annuity-schedule/?state=tx).

### How Texas compares

Texas ranks **1st of 51** for what a single winner keeps from this jackpot in cash ($96.8 million).

**Neighbouring states, same jackpot, cash option, single filer**

| State | State tax | Cash kept |
| --- | --- | --- |
| Texas | none | $96.8 million |
| [Arkansas](https://lotteryaftertaxes.com/powerball/after-taxes/arkansas/) | 3.7% | $91.1 million |
| [Louisiana](https://lotteryaftertaxes.com/powerball/after-taxes/louisiana/) | 3% | $92.2 million |
| [New Mexico](https://lotteryaftertaxes.com/powerball/after-taxes/new-mexico/) | 5.9% | $87.8 million |
| [Oklahoma](https://lotteryaftertaxes.com/powerball/after-taxes/oklahoma/) | 4.5% | $89.9 million |

- [All 50 states and DC for this jackpot](https://lotteryaftertaxes.com/powerball/after-taxes/)
- [Best states to win the lottery](https://lotteryaftertaxes.com/best-states-to-win-the-lottery/)

### Questions

#### How much is a $360 million Powerball jackpot after taxes in Texas?

About $96.8 million if you take the cash option ($153.6 million before taxes), or about $228.3 million in total over 30 annual payments if you take the annuity. Texas has no personal income tax, so only federal tax applies.

#### How much tax is taken out of lottery winnings in Texas?

At claim the lottery withholds 24% for federal tax on prizes over $5,000. No state tax is withheld. On a jackpot this size the final federal bill is closer to 37% of the prize because most of it falls in the 37% bracket, so about $19.9 million more is owed when you file.

#### Does Texas tax lottery winnings?

No. Texas has no personal income tax, so only federal tax applies. If you live in Texas but bought the ticket in a state that taxes non-residents (for example Arizona or Maryland), that state can tax the prize.

#### Is it better to take the lump sum or annuity in Texas?

The annuity pays about $131.5 million more after taxes in total, spread over 29 years. The cash option comes out ahead only if you can earn more than 5.5% a year after tax on it. Many winners take the cash; the annuity protects against spending it too fast.

#### Which states do not tax lottery winnings?

Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming do not tax lottery prizes (California only exempts prizes from tickets bought there). Among the 50 states and DC, Texas ranks 1st of 51 for what you keep from this jackpot.

### Related

#### Same state

- [Mega Millions after taxes in Texas](https://lotteryaftertaxes.com/mega-millions/after-taxes/texas/)
- [Powerball annuity schedule](https://lotteryaftertaxes.com/powerball/annuity-schedule/?state=tx)
- [Calculator for any prize](https://lotteryaftertaxes.com/calculator/?state=tx)

#### By amount

- [$100 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/100-million-after-taxes/)
- [$250 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/250-million-after-taxes/)
- [$500 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/)
- [$1 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/)

#### Nearby states

- [Powerball after taxes in Arkansas](https://lotteryaftertaxes.com/powerball/after-taxes/arkansas/)
- [Powerball after taxes in Louisiana](https://lotteryaftertaxes.com/powerball/after-taxes/louisiana/)
- [Powerball after taxes in New Mexico](https://lotteryaftertaxes.com/powerball/after-taxes/new-mexico/)
- [Powerball after taxes in Oklahoma](https://lotteryaftertaxes.com/powerball/after-taxes/oklahoma/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [Texas: Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)
- [Powerball FAQs](https://www.powerball.com/faqs) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Powerball After Taxes in California: $96.8 Million Cash From $360 Million (2026)

Source: https://lotteryaftertaxes.com/powerball/after-taxes/california/

Powerball jackpot $360 million, winner living in California. Cash option $153.6 million.

You keep about $96.8 million in cash, single filer

Ninety-six million eight hundred eighteen thousand and 00/100 dollars

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $360,000,000 |
| Cash option: Official cash value | $153,600,000 |
| Federal tax withheld at claim: 24% of the prize | −$36,864,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$19,918,000 |
| California state tax: In-state lottery prizes not taxed | $0 |
| You keep: 26.9% of the advertised jackpot | $96,818,000 |

California does not tax California Lottery prizes, including Powerball and Mega Millions tickets bought in California, so only federal tax applies. A California resident who wins with a ticket bought in another state owes California tax at up to 13.3% (12.3% top bracket plus 1% Behavioral/Mental Health Services Tax on income over $1 million).

### Lump sum or annuity in California

**Lump sum and annuity after tax in California**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $153,600,000 | $360,000,000 |
| Total tax | −$56,782,000 | −$131,700,008 |
| You keep | $96,818,000 | $228,299,993 |
| In today's dollars, annuity discounted at 3% a year | $96,818,000 | $138,238,859 |
| When you get it | All at once | $3.5 million now, then yearly up to $14.1 million |

The annuity keeps **$131.5 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.47% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

### The 30 annuity payments

#### 30 payments from $3.5 million to $14.1 million after tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $5,418,517 | −$1,954,851 | $0 | $3,463,665 |
| 2 | 2027 | $5,689,442 | −$2,055,094 | $0 | $3,634,349 |
| 3 | 2028 | $5,973,915 | −$2,160,349 | $0 | $3,813,566 |
| 4 | 2029 | $6,272,610 | −$2,270,866 | $0 | $4,001,744 |
| 5 | 2030 | $6,586,241 | −$2,386,909 | $0 | $4,199,331 |
| 6 | 2031 | $6,915,553 | −$2,508,755 | $0 | $4,406,798 |
| 7 | 2032 | $7,261,331 | −$2,636,693 | $0 | $4,624,638 |
| 8 | 2033 | $7,624,397 | −$2,771,027 | $0 | $4,853,370 |
| 9 | 2034 | $8,005,617 | −$2,912,078 | $0 | $5,093,538 |
| 10 | 2035 | $8,405,898 | −$3,060,182 | $0 | $5,345,715 |
| 11 | 2036 | $8,826,193 | −$3,215,692 | $0 | $5,610,501 |
| 12 | 2037 | $9,267,502 | −$3,378,976 | $0 | $5,888,526 |
| 13 | 2038 | $9,730,877 | −$3,550,425 | $0 | $6,180,452 |
| 14 | 2039 | $10,217,421 | −$3,730,446 | $0 | $6,486,975 |
| 15 | 2040 | $10,728,292 | −$3,919,468 | $0 | $6,808,824 |
| 16 | 2041 | $11,264,707 | −$4,117,942 | $0 | $7,146,765 |
| 17 | 2042 | $11,827,942 | −$4,326,339 | $0 | $7,501,603 |
| 18 | 2043 | $12,419,339 | −$4,545,156 | $0 | $7,874,184 |
| 19 | 2044 | $13,040,306 | −$4,774,914 | $0 | $8,265,393 |
| 20 | 2045 | $13,692,322 | −$5,016,159 | $0 | $8,676,162 |
| 21 | 2046 | $14,376,938 | −$5,269,467 | $0 | $9,107,471 |
| 22 | 2047 | $15,095,785 | −$5,535,441 | $0 | $9,560,344 |
| 23 | 2048 | $15,850,574 | −$5,814,713 | $0 | $10,035,861 |
| 24 | 2049 | $16,643,103 | −$6,107,948 | $0 | $10,535,154 |
| 25 | 2050 | $17,475,258 | −$6,415,846 | $0 | $11,059,412 |
| 26 | 2051 | $18,349,021 | −$6,739,138 | $0 | $11,609,883 |
| 27 | 2052 | $19,266,472 | −$7,078,595 | $0 | $12,187,877 |
| 28 | 2053 | $20,229,795 | −$7,435,024 | $0 | $12,794,771 |
| 29 | 2054 | $21,241,285 | −$7,809,276 | $0 | $13,432,009 |
| 30 | 2055 | $22,303,349 | −$8,202,239 | $0 | $14,101,110 |
| Total |  | $360,000,000 | −$131,700,008 | $0 | $228,299,993 |

Full-page version with every state: [Powerball annuity schedule for California](https://lotteryaftertaxes.com/powerball/annuity-schedule/?state=ca).

### How California compares

California ranks **1st of 51** for what a single winner keeps from this jackpot in cash ($96.8 million).

**Neighbouring states, same jackpot, cash option, single filer**

| State | State tax | Cash kept |
| --- | --- | --- |
| California | none | $96.8 million |
| [Arizona](https://lotteryaftertaxes.com/powerball/after-taxes/arizona/) | 2.5% | $93 million |
| [Nevada](https://lotteryaftertaxes.com/powerball/after-taxes/nevada/) | none | $96.8 million |
| [Oregon](https://lotteryaftertaxes.com/powerball/after-taxes/oregon/) | 9.9% | $81.6 million |

- [All 50 states and DC for this jackpot](https://lotteryaftertaxes.com/powerball/after-taxes/)
- [Best states to win the lottery](https://lotteryaftertaxes.com/best-states-to-win-the-lottery/)

### Questions

#### How much is a $360 million Powerball jackpot after taxes in California?

About $96.8 million if you take the cash option ($153.6 million before taxes), or about $228.3 million in total over 30 annual payments if you take the annuity. California does not tax prizes from tickets bought in California.

#### How much tax is taken out of lottery winnings in California?

At claim the lottery withholds 24% for federal tax on prizes over $5,000. No state tax is withheld. On a jackpot this size the final federal bill is closer to 37% of the prize because most of it falls in the 37% bracket, so about $19.9 million more is owed when you file.

#### Does California tax lottery winnings?

Not if the ticket was bought in California. A California resident who wins with a ticket bought in another state owes California tax of up to 13.3% on that prize.

#### Is it better to take the lump sum or annuity in California?

The annuity pays about $131.5 million more after taxes in total, spread over 29 years. The cash option comes out ahead only if you can earn more than 5.5% a year after tax on it. Many winners take the cash; the annuity protects against spending it too fast.

#### Which states do not tax lottery winnings?

Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming do not tax lottery prizes (California only exempts prizes from tickets bought there). Among the 50 states and DC, California ranks 1st of 51 for what you keep from this jackpot.

### Related

#### Same state

- [Mega Millions after taxes in California](https://lotteryaftertaxes.com/mega-millions/after-taxes/california/)
- [Powerball annuity schedule](https://lotteryaftertaxes.com/powerball/annuity-schedule/?state=ca)
- [Calculator for any prize](https://lotteryaftertaxes.com/calculator/?state=ca)

#### By amount

- [$100 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/100-million-after-taxes/)
- [$250 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/250-million-after-taxes/)
- [$500 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/)
- [$1 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/)

#### Nearby states

- [Powerball after taxes in Arizona](https://lotteryaftertaxes.com/powerball/after-taxes/arizona/)
- [Powerball after taxes in Nevada](https://lotteryaftertaxes.com/powerball/after-taxes/nevada/)
- [Powerball after taxes in Oregon](https://lotteryaftertaxes.com/powerball/after-taxes/oregon/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [California: FTB - Gambling](https://www.ftb.ca.gov/file/personal/income-types/gambling.html) (checked Sep 26, 2026)
- [California: Kiplinger - These States Won't Tax Your Lottery Winnings](https://www.kiplinger.com/taxes/these-states-wont-tax-your-powerball-winnings) (checked Sep 26, 2026)
- [California: California 2026 Tax Brackets - Top Rate 13.3% (Breakeven)](https://www.breakeven.tax/brackets/2026/california) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)
- [Powerball FAQs](https://www.powerball.com/faqs) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Powerball After Taxes in New York: $80.1 Million Cash From $360 Million (2026)

Source: https://lotteryaftertaxes.com/powerball/after-taxes/new-york/

Powerball jackpot $360 million, winner living in New York. Cash option $153.6 million.

You keep about $80.1 million in cash, single filer

Eighty million seventy-five thousand six hundred and 00/100 dollars

Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $360,000,000 |
| Cash option: Official cash value | $153,600,000 |
| Federal tax withheld at claim: 24% of the prize | −$36,864,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$19,918,000 |
| New York state tax: 10.9% of the prize; $16.7 million withheld at claim | −$16,742,400 |
| You keep: 22.2% of the advertised jackpot | $80,075,600 |

New York taxes lottery winnings at up to 10.9%. Because of its tax-benefit recapture, a very large jackpot is in effect taxed at 10.9% on the whole amount. The lottery withholds 10.9% state tax from prizes over $5,000, plus 3.876% for NYC residents or 1.82575% for Yonkers residents. Nonresidents who win more than $5,000 on a ticket bought in New York also owe New York tax.

### Lump sum or annuity in New York

**Lump sum and annuity after tax in New York**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $153,600,000 | $360,000,000 |
| Total tax | −$73,524,400 | −$170,940,008 |
| You keep | $80,075,600 | $189,059,993 |
| In today's dollars, annuity discounted at 3% a year | $80,075,600 | $114,495,988 |
| When you get it | All at once | $2.9 million now, then yearly up to $11.7 million |

The annuity keeps **$109 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.48% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

### The 30 annuity payments

#### 30 payments from $2.9 million to $11.7 million after tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $5,418,517 | −$1,954,851 | −$590,618 | $2,873,047 |
| 2 | 2027 | $5,689,442 | −$2,055,094 | −$620,149 | $3,014,199 |
| 3 | 2028 | $5,973,915 | −$2,160,349 | −$651,157 | $3,162,409 |
| 4 | 2029 | $6,272,610 | −$2,270,866 | −$683,715 | $3,318,030 |
| 5 | 2030 | $6,586,241 | −$2,386,909 | −$717,900 | $3,481,431 |
| 6 | 2031 | $6,915,553 | −$2,508,755 | −$753,795 | $3,653,003 |
| 7 | 2032 | $7,261,331 | −$2,636,693 | −$791,485 | $3,833,153 |
| 8 | 2033 | $7,624,397 | −$2,771,027 | −$831,059 | $4,022,311 |
| 9 | 2034 | $8,005,617 | −$2,912,078 | −$872,612 | $4,220,926 |
| 10 | 2035 | $8,405,898 | −$3,060,182 | −$916,243 | $4,429,472 |
| 11 | 2036 | $8,826,193 | −$3,215,692 | −$962,055 | $4,648,446 |
| 12 | 2037 | $9,267,502 | −$3,378,976 | −$1,010,158 | $4,878,368 |
| 13 | 2038 | $9,730,877 | −$3,550,425 | −$1,060,666 | $5,119,787 |
| 14 | 2039 | $10,217,421 | −$3,730,446 | −$1,113,699 | $5,373,276 |
| 15 | 2040 | $10,728,292 | −$3,919,468 | −$1,169,384 | $5,639,440 |
| 16 | 2041 | $11,264,707 | −$4,117,942 | −$1,227,853 | $5,918,912 |
| 17 | 2042 | $11,827,942 | −$4,326,339 | −$1,289,246 | $6,212,358 |
| 18 | 2043 | $12,419,339 | −$4,545,156 | −$1,353,708 | $6,520,476 |
| 19 | 2044 | $13,040,306 | −$4,774,914 | −$1,421,393 | $6,843,999 |
| 20 | 2045 | $13,692,322 | −$5,016,159 | −$1,492,463 | $7,183,699 |
| 21 | 2046 | $14,376,938 | −$5,269,467 | −$1,567,086 | $7,540,384 |
| 22 | 2047 | $15,095,785 | −$5,535,441 | −$1,645,441 | $7,914,904 |
| 23 | 2048 | $15,850,574 | −$5,814,713 | −$1,727,713 | $8,308,149 |
| 24 | 2049 | $16,643,103 | −$6,107,948 | −$1,814,098 | $8,721,056 |
| 25 | 2050 | $17,475,258 | −$6,415,846 | −$1,904,803 | $9,154,609 |
| 26 | 2051 | $18,349,021 | −$6,739,138 | −$2,000,043 | $9,609,839 |
| 27 | 2052 | $19,266,472 | −$7,078,595 | −$2,100,045 | $10,087,831 |
| 28 | 2053 | $20,229,795 | −$7,435,024 | −$2,205,048 | $10,589,723 |
| 29 | 2054 | $21,241,285 | −$7,809,276 | −$2,315,300 | $11,116,709 |
| 30 | 2055 | $22,303,349 | −$8,202,239 | −$2,431,065 | $11,670,045 |
| Total |  | $360,000,000 | −$131,700,008 | −$39,240,000 | $189,059,993 |

Full-page version with every state: [Powerball annuity schedule for New York](https://lotteryaftertaxes.com/powerball/annuity-schedule/?state=ny).

### How New York compares

New York ranks **50th of 51** for what a single winner keeps from this jackpot in cash ($80.1 million). Living in New York City or Yonkers lowers that to $74.1 million and $77.3 million.

**Neighbouring states, same jackpot, cash option, single filer**

| State | State tax | Cash kept |
| --- | --- | --- |
| New York | 10.9% | $80.1 million |
| [Connecticut](https://lotteryaftertaxes.com/powerball/after-taxes/connecticut/) | 6.99% | $86.1 million |
| [Massachusetts](https://lotteryaftertaxes.com/powerball/after-taxes/massachusetts/) | 9% | $83 million |
| [New Jersey](https://lotteryaftertaxes.com/powerball/after-taxes/new-jersey/) | 10.75% | $80.3 million |
| [Pennsylvania](https://lotteryaftertaxes.com/powerball/after-taxes/pennsylvania/) | 3.07% | $92.1 million |
| [Vermont](https://lotteryaftertaxes.com/powerball/after-taxes/vermont/) | 8.75% | $83.4 million |

- [All 50 states and DC for this jackpot](https://lotteryaftertaxes.com/powerball/after-taxes/)
- [Best states to win the lottery](https://lotteryaftertaxes.com/best-states-to-win-the-lottery/)

### Questions

#### How much is a $360 million Powerball jackpot after taxes in New York?

About $80.1 million if you take the cash option ($153.6 million before taxes), or about $189.1 million in total over 30 annual payments if you take the annuity. New York taxes the prize at 10.9%.

#### How much tax is taken out of lottery winnings in New York?

At claim the lottery withholds 24% for federal tax on prizes over $5,000. New York withholds 10.9% at claim. On a jackpot this size the final federal bill is closer to 37% of the prize because most of it falls in the 37% bracket, so about $19.9 million more is owed when you file.

#### What is the New York tax rate on lottery winnings?

10.9%. New York taxes lottery prizes as income; a jackpot is taxed almost entirely at the top rate of 10.9%, which is about $16.7 million on the cash option. NYC resident income tax, top rate 3.876% on taxable income over $50,000 (single). Applies to people who lived in NYC when they won. Yonkers resident income tax surcharge: 16.75% of net New York State tax (1.82575% of the prize at the 10.9% state rate).

#### Is it better to take the lump sum or annuity in New York?

The annuity pays about $109 million more after taxes in total, spread over 29 years. The cash option comes out ahead only if you can earn more than 5.5% a year after tax on it. Many winners take the cash; the annuity protects against spending it too fast.

#### Which states do not tax lottery winnings?

Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming do not tax lottery prizes (California only exempts prizes from tickets bought there). Among the 50 states and DC, New York ranks 50th of 51 for what you keep from this jackpot.

### Related

#### Same state

- [Mega Millions after taxes in New York](https://lotteryaftertaxes.com/mega-millions/after-taxes/new-york/)
- [Powerball annuity schedule](https://lotteryaftertaxes.com/powerball/annuity-schedule/?state=ny)
- [Calculator for any prize](https://lotteryaftertaxes.com/calculator/?state=ny)

#### By amount

- [$100 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/100-million-after-taxes/)
- [$250 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/250-million-after-taxes/)
- [$500 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/)
- [$1 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/)

#### Nearby states

- [Powerball after taxes in Connecticut](https://lotteryaftertaxes.com/powerball/after-taxes/connecticut/)
- [Powerball after taxes in Massachusetts](https://lotteryaftertaxes.com/powerball/after-taxes/massachusetts/)
- [Powerball after taxes in New Jersey](https://lotteryaftertaxes.com/powerball/after-taxes/new-jersey/)
- [Powerball after taxes in Pennsylvania](https://lotteryaftertaxes.com/powerball/after-taxes/pennsylvania/)
- [Powerball after taxes in Vermont](https://lotteryaftertaxes.com/powerball/after-taxes/vermont/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [Powerball official site (current jackpot and cash value)](https://www.powerball.com/) (checked Sep 24, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [New York: NY DTF - Publication 140-W, FAQs for New York State Lottery Winners](https://www.tax.ny.gov/pdf/publications/income/pub140w.pdf) (checked Sep 26, 2026)
- [New York: NY DTF - NYS-50-T-NYS (1/26) Withholding Tax Tables and Methods](https://www.tax.ny.gov/pdf/publications/withholding/nys50_t_nys.pdf) (checked Sep 26, 2026)
- [New York: NY DTF - New York source income of nonresident individuals](https://www.tax.ny.gov/pubs_and_bulls/tg_bulletins/pit/ny_source_income_nonresident.htm) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)
- [Powerball FAQs](https://www.powerball.com/faqs) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## $500 Million Powerball After Taxes: $134.5 Million Cash in Texas, $111.2 Million in New York (2026)

Source: https://lotteryaftertaxes.com/powerball/500-million-after-taxes/

$500 Million Powerball jackpot, cash option about $213.4 million. Single filer.

You keep about $134.5 million in cash where there is no state income tax

One hundred thirty-four million four hundred sixty thousand five hundred and 00/100 dollars

From **$102.9 million** in New York City to **$134.5 million** in Alaska, California, Florida, Nevada and 6 more.

Hypothetical jackpot. Cash value estimated from the current official Powerball cash-to-jackpot ratio (42.7%, as of Sep 24, 2026). Tax rules for 2026.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $500,000,000 |
| Cash option: Estimated at 42.7% of the jackpot, the current official ratio | $213,350,000 |
| Federal tax withheld at claim: 24% of the prize | −$51,204,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$27,685,500 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.9% of the advertised jackpot | $134,460,500 |

### All 50 states and DC

**Single filer, ticket bought in the state you live in. Sort by clicking a column name.**

| [State](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/?sort=state&dir=desc#states) | [Cash kept](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/?sort=kept&dir=desc#states) | [Annuity kept](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/?sort=annuity&dir=desc#states) | [State tax](https://lotteryaftertaxes.com/powerball/500-million-after-taxes/?sort=rate&dir=desc#states) |
| --- | --- | --- | --- |
| Alabama^\* | $123.8 million | $291.5 million | 5% |
| Alaska^\* | $134.5 million | $316.5 million | none |
| Arizona | $129.1 million | $304 million | 2.5% |
| Arkansas | $126.6 million | $298 million | 3.7% |
| California | $134.5 million | $316.5 million | exempt |
| Colorado | $125.1 million | $294.5 million | 4.4% |
| Connecticut | $119.5 million | $281.5 million | 6.99% |
| Delaware | $120.4 million | $283.5 million | 6.6% |
| District of Columbia | $111.5 million | $262.7 million | 10.75% |
| Florida | $134.5 million | $316.5 million | none |
| Georgia | $123.8 million | $291.5 million | 4.99% |
| Hawaii^\* | $111 million | $261.5 million | 11% |
| Idaho | $123.2 million | $290 million | 5.3% |
| Illinois | $123.9 million | $291.7 million | 4.95% |
| Indiana | $128.2 million | $301.7 million | 2.95% |
| Iowa | $126.4 million | $297.5 million | 3.8% |
| Kansas | $122.6 million | $288.6 million | 5.58% |
| Kentucky | $127 million | $299 million | 3.5% |
| Louisiana | $128.1 million | $301.5 million | 3% |
| Maine | $114.9 million | $270.7 million | 9.15% |
| Maryland | $120.6 million | $284 million | 6.5% |
| Massachusetts | $115.3 million | $271.5 million | 9% |
| Michigan | $125.4 million | $295.2 million | 4.25% |
| Minnesota | $113.4 million | $267.2 million | 9.85% |
| Mississippi | $125.9 million | $296.5 million | 4% |
| Missouri | $124.4 million | $293 million | 4.7% |
| Montana | $122.4 million | $288.2 million | 5.65% |
| Nebraska | $124.8 million | $293.7 million | 4.55% |
| Nevada^\* | $134.5 million | $316.5 million | none |
| New Hampshire | $134.5 million | $316.5 million | none |
| New Jersey | $111.5 million | $262.7 million | 10.75% |
| New Mexico | $121.9 million | $287 million | 5.9% |
| New York | $111.2 million | $262 million | 10.9% |
| New York City | $102.9 million | $242.6 million | 14.776% |
| Yonkers | $107.3 million | $252.9 million | 12.726% |
| North Carolina | $125.9 million | $296.5 million | 3.99% |
| North Dakota | $129.1 million | $304 million | 2.5% |
| Ohio | $128.6 million | $302.7 million | 2.75% |
| Oklahoma | $124.9 million | $294 million | 4.5% |
| Oregon | $113.3 million | $267 million | 9.9% |
| Pennsylvania | $127.9 million | $301.1 million | 3.07% |
| Rhode Island | $121.7 million | $286.5 million | 5.99% |
| South Carolina | $123.3 million | $290.4 million | 5.21% |
| South Dakota | $134.5 million | $316.5 million | none |
| Tennessee | $134.5 million | $316.5 million | none |
| Texas | $134.5 million | $316.5 million | none |
| Utah^\* | $125 million | $294.2 million | 4.45% |
| Vermont | $115.8 million | $272.7 million | 8.75% |
| Virginia | $122.2 million | $287.7 million | 5.75% |
| Washington | $134.5 million | $316.5 million | none |
| West Virginia | $124.7 million | $293.6 million | 4.58% |
| Wisconsin | $118.1 million | $278.2 million | 7.65% |
| Wyoming | $134.5 million | $316.5 million | none |

^\* No state lottery; residents who win with a ticket bought elsewhere still owe their home state's income tax, and the state where the ticket was bought may tax it first. Local rows (New York City, Yonkers) include state and city tax.

### Lump sum or annuity

**Lump sum and annuity after tax in a state with no income tax**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $213,350,000 | $500,000,000 |
| Total tax | −$78,889,500 | −$183,500,008 |
| You keep | $134,460,500 | $316,499,993 |
| In today's dollars, annuity discounted at 3% a year | $134,460,500 | $191,605,865 |
| When you get it | All at once | $4.8 million now, then yearly up to $19.6 million |

The annuity keeps **$182 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.45% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

#### 30 annuity payments from $4.8 million to $19.6 million after tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $7,525,718 | −$2,734,516 | $0 | $4,791,202 |
| 2 | 2027 | $7,902,003 | −$2,873,742 | $0 | $5,028,262 |
| 3 | 2028 | $8,297,104 | −$3,019,929 | $0 | $5,277,175 |
| 4 | 2029 | $8,711,959 | −$3,173,425 | $0 | $5,538,534 |
| 5 | 2030 | $9,147,557 | −$3,334,596 | $0 | $5,812,960 |
| 6 | 2031 | $9,604,935 | −$3,503,826 | $0 | $6,101,109 |
| 7 | 2032 | $10,085,181 | −$3,681,517 | $0 | $6,403,664 |
| 8 | 2033 | $10,589,440 | −$3,868,093 | $0 | $6,721,347 |
| 9 | 2034 | $11,118,912 | −$4,063,998 | $0 | $7,054,915 |
| 10 | 2035 | $11,674,858 | −$4,269,698 | $0 | $7,405,160 |
| 11 | 2036 | $12,258,601 | −$4,485,683 | $0 | $7,772,918 |
| 12 | 2037 | $12,871,531 | −$4,712,467 | $0 | $8,159,064 |
| 13 | 2038 | $13,515,107 | −$4,950,590 | $0 | $8,564,517 |
| 14 | 2039 | $14,190,863 | −$5,200,619 | $0 | $8,990,243 |
| 15 | 2040 | $14,900,406 | −$5,463,150 | $0 | $9,437,256 |
| 16 | 2041 | $15,645,426 | −$5,738,808 | $0 | $9,906,618 |
| 17 | 2042 | $16,427,698 | −$6,028,248 | $0 | $10,399,449 |
| 18 | 2043 | $17,249,082 | −$6,332,161 | $0 | $10,916,922 |
| 19 | 2044 | $18,111,537 | −$6,651,269 | $0 | $11,460,268 |
| 20 | 2045 | $19,017,113 | −$6,986,332 | $0 | $12,030,781 |
| 21 | 2046 | $19,967,969 | −$7,338,149 | $0 | $12,629,820 |
| 22 | 2047 | $20,966,368 | −$7,707,556 | $0 | $13,258,811 |
| 23 | 2048 | $22,014,686 | −$8,095,434 | $0 | $13,919,252 |
| 24 | 2049 | $23,115,420 | −$8,502,706 | $0 | $14,612,714 |
| 25 | 2050 | $24,271,191 | −$8,930,341 | $0 | $15,340,850 |
| 26 | 2051 | $25,484,751 | −$9,379,358 | $0 | $16,105,393 |
| 27 | 2052 | $26,758,988 | −$9,850,826 | $0 | $16,908,162 |
| 28 | 2053 | $28,096,938 | −$10,345,867 | $0 | $17,751,071 |
| 29 | 2054 | $29,501,785 | −$10,865,661 | $0 | $18,636,124 |
| 30 | 2055 | $30,976,874 | −$11,411,444 | $0 | $19,565,430 |
| Total |  | $500,000,000 | −$183,500,008 | $0 | $316,499,993 |

### Questions

#### How much is a $500 million Powerball after taxes?

About $134.5 million in cash in a state with no income tax, down to $102.9 million in New York City. The cash option is about $213.4 million (estimated with the current cash-to-jackpot ratio of 42.7%) before taxes.

#### What is the cash value of a $500 million Powerball jackpot?

About $213.4 million. The advertised $500 million is the sum of 30 annuity payments; the cash option is the money actually in the jackpot pool, which is why it is smaller.

#### How much is the $500 million Powerball annuity per year after taxes?

The first payment is about $7.5 million before taxes and $4.8 million after federal tax, rising 5% a year to $19.6 million after tax in year 30 (before any state tax).

#### How much federal tax do you pay on a $500 million Powerball jackpot?

About $78.9 million on the cash option: $51.2 million withheld at claim (24%) and about $27.7 million more when you file, because the top bracket is 37%.

#### Which state is best to win a $500 million Powerball jackpot in?

You keep the most, $134.5 million in cash, in Alaska, California, Florida, Nevada, New Hampshire, South Dakota and 4 more. You keep the least in New York City.

### Related

#### Nearby amounts

- [$450 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/450-million-after-taxes/)
- [$475 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/475-million-after-taxes/)
- [$550 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/550-million-after-taxes/)
- [$600 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/600-million-after-taxes/)
- [$500 Million Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/500-million-after-taxes/)

#### Current jackpot by state

- [Powerball after taxes in Texas](https://lotteryaftertaxes.com/powerball/after-taxes/texas/)
- [Powerball after taxes in California](https://lotteryaftertaxes.com/powerball/after-taxes/california/)
- [Powerball after taxes in New York](https://lotteryaftertaxes.com/powerball/after-taxes/new-york/)
- [Powerball after taxes in Florida](https://lotteryaftertaxes.com/powerball/after-taxes/florida/)
- [Powerball after taxes in Illinois](https://lotteryaftertaxes.com/powerball/after-taxes/illinois/)
- [Powerball after taxes in Pennsylvania](https://lotteryaftertaxes.com/powerball/after-taxes/pennsylvania/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [Powerball home page](https://www.powerball.com/) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)
- [Powerball FAQs](https://www.powerball.com/faqs) (checked Sep 26, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [State rules: see the sources page for all 51 jurisdictions](https://lotteryaftertaxes.com/sources/)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## $1 Billion Powerball After Taxes: $268.9 Million Cash in Texas, $222.4 Million in New York (2026)

Source: https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/

$1 Billion Powerball jackpot, cash option about $426.7 million. Single filer.

You keep about $268.9 million in cash where there is no state income tax

Two hundred sixty-eight million eight hundred seventy-one thousand and 00/100 dollars

From **$205.8 million** in New York City to **$268.9 million** in Alaska, California, Florida, Nevada and 6 more.

Hypothetical jackpot. Cash value estimated from the current official Powerball cash-to-jackpot ratio (42.7%, as of Sep 24, 2026). Tax rules for 2026.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $1,000,000,000 |
| Cash option: Estimated at 42.7% of the jackpot, the current official ratio | $426,700,000 |
| Federal tax withheld at claim: 24% of the prize | −$102,408,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$55,421,000 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.9% of the advertised jackpot | $268,871,000 |

### All 50 states and DC

**Single filer, ticket bought in the state you live in. Sort by clicking a column name.**

| [State](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/?sort=state&dir=desc#states) | [Cash kept](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/?sort=kept&dir=desc#states) | [Annuity kept](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/?sort=annuity&dir=desc#states) | [State tax](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/?sort=rate&dir=desc#states) |
| --- | --- | --- | --- |
| Alabama^\* | $247.5 million | $581.5 million | 5% |
| Alaska^\* | $268.9 million | $631.5 million | none |
| Arizona | $258.2 million | $606.5 million | 2.5% |
| Arkansas | $253.1 million | $594.5 million | 3.7% |
| California | $268.9 million | $631.5 million | exempt |
| Colorado | $250.1 million | $587.5 million | 4.4% |
| Connecticut | $239 million | $561.6 million | 6.99% |
| Delaware | $240.7 million | $565.5 million | 6.6% |
| District of Columbia | $223 million | $524 million | 10.75% |
| Florida | $268.9 million | $631.5 million | none |
| Georgia | $247.6 million | $581.6 million | 4.99% |
| Hawaii^\* | $221.9 million | $521.5 million | 11% |
| Idaho | $246.3 million | $578.5 million | 5.3% |
| Illinois | $247.7 million | $582 million | 4.95% |
| Indiana | $256.3 million | $602 million | 2.95% |
| Iowa | $252.7 million | $593.5 million | 3.8% |
| Kansas | $245.1 million | $575.7 million | 5.58% |
| Kentucky | $253.9 million | $596.5 million | 3.5% |
| Louisiana | $256.1 million | $601.5 million | 3% |
| Maine | $229.8 million | $540 million | 9.15% |
| Maryland | $241.1 million | $566.5 million | 6.5% |
| Massachusetts | $230.5 million | $541.5 million | 9% |
| Michigan | $250.7 million | $589 million | 4.25% |
| Minnesota | $226.8 million | $533 million | 9.85% |
| Mississippi | $251.8 million | $591.5 million | 4% |
| Missouri | $248.8 million | $584.5 million | 4.7% |
| Montana | $244.8 million | $575 million | 5.65% |
| Nebraska | $249.5 million | $586 million | 4.55% |
| Nevada^\* | $268.9 million | $631.5 million | none |
| New Hampshire | $268.9 million | $631.5 million | none |
| New Jersey | $223 million | $524 million | 10.75% |
| New Mexico | $243.7 million | $572.5 million | 5.9% |
| New York | $222.4 million | $522.5 million | 10.9% |
| New York City | $205.8 million | $483.7 million | 14.776% |
| Yonkers | $214.6 million | $504.2 million | 12.726% |
| North Carolina | $251.8 million | $591.6 million | 3.99% |
| North Dakota | $258.2 million | $606.5 million | 2.5% |
| Ohio | $257.1 million | $604 million | 2.75% |
| Oklahoma | $249.7 million | $586.5 million | 4.5% |
| Oregon | $226.6 million | $532.5 million | 9.9% |
| Pennsylvania | $255.8 million | $600.8 million | 3.07% |
| Rhode Island | $243.3 million | $571.6 million | 5.99% |
| South Carolina | $246.6 million | $579.4 million | 5.21% |
| South Dakota | $268.9 million | $631.5 million | none |
| Tennessee | $268.9 million | $631.5 million | none |
| Texas | $268.9 million | $631.5 million | none |
| Utah^\* | $249.9 million | $587 million | 4.45% |
| Vermont | $231.5 million | $544 million | 8.75% |
| Virginia | $244.3 million | $574 million | 5.75% |
| Washington | $268.9 million | $631.5 million | none |
| West Virginia | $249.3 million | $585.7 million | 4.58% |
| Wisconsin | $236.2 million | $555 million | 7.65% |
| Wyoming | $268.9 million | $631.5 million | none |

^\* No state lottery; residents who win with a ticket bought elsewhere still owe their home state's income tax, and the state where the ticket was bought may tax it first. Local rows (New York City, Yonkers) include state and city tax.

### Lump sum or annuity

**Lump sum and annuity after tax in a state with no income tax**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $426,700,000 | $1,000,000,000 |
| Total tax | −$157,829,000 | −$368,500,008 |
| You keep | $268,871,000 | $631,499,992 |
| In today's dollars, annuity discounted at 3% a year | $268,871,000 | $382,202,311 |
| When you get it | All at once | $9.5 million now, then yearly up to $39.1 million |

The annuity keeps **$362.6 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.43% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

#### 30 annuity payments from $9.5 million to $39.1 million after tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $15,051,435 | −$5,519,031 | $0 | $9,532,404 |
| 2 | 2027 | $15,804,007 | −$5,797,483 | $0 | $10,006,524 |
| 3 | 2028 | $16,594,207 | −$6,089,857 | $0 | $10,504,350 |
| 4 | 2029 | $17,423,918 | −$6,396,850 | $0 | $11,027,068 |
| 5 | 2030 | $18,295,113 | −$6,719,192 | $0 | $11,575,921 |
| 6 | 2031 | $19,209,869 | −$7,057,652 | $0 | $12,152,217 |
| 7 | 2032 | $20,170,363 | −$7,413,034 | $0 | $12,757,328 |
| 8 | 2033 | $21,178,881 | −$7,786,186 | $0 | $13,392,695 |
| 9 | 2034 | $22,237,825 | −$8,177,995 | $0 | $14,059,829 |
| 10 | 2035 | $23,349,716 | −$8,589,395 | $0 | $14,760,321 |
| 11 | 2036 | $24,517,202 | −$9,021,365 | $0 | $15,495,837 |
| 12 | 2037 | $25,743,062 | −$9,474,933 | $0 | $16,268,129 |
| 13 | 2038 | $27,030,215 | −$9,951,180 | $0 | $17,079,035 |
| 14 | 2039 | $28,381,726 | −$10,451,239 | $0 | $17,930,487 |
| 15 | 2040 | $29,800,812 | −$10,976,301 | $0 | $18,824,511 |
| 16 | 2041 | $31,290,853 | −$11,527,616 | $0 | $19,763,237 |
| 17 | 2042 | $32,855,395 | −$12,106,496 | $0 | $20,748,899 |
| 18 | 2043 | $34,498,165 | −$12,714,321 | $0 | $21,783,844 |
| 19 | 2044 | $36,223,073 | −$13,352,537 | $0 | $22,870,536 |
| 20 | 2045 | $38,034,227 | −$14,022,664 | $0 | $24,011,563 |
| 21 | 2046 | $39,935,938 | −$14,726,297 | $0 | $25,209,641 |
| 22 | 2047 | $41,932,735 | −$15,465,112 | $0 | $26,467,623 |
| 23 | 2048 | $44,029,372 | −$16,240,868 | $0 | $27,788,504 |
| 24 | 2049 | $46,230,840 | −$17,055,411 | $0 | $29,175,429 |
| 25 | 2050 | $48,542,382 | −$17,910,682 | $0 | $30,631,701 |
| 26 | 2051 | $50,969,502 | −$18,808,716 | $0 | $32,160,786 |
| 27 | 2052 | $53,517,977 | −$19,751,652 | $0 | $33,766,325 |
| 28 | 2053 | $56,193,875 | −$20,741,734 | $0 | $35,452,141 |
| 29 | 2054 | $59,003,569 | −$21,781,321 | $0 | $37,222,248 |
| 30 | 2055 | $61,953,748 | −$22,872,887 | $0 | $39,080,861 |
| Total |  | $1,000,000,000 | −$368,500,008 | $0 | $631,499,992 |

### Questions

#### How much is a $1 billion Powerball after taxes?

About $268.9 million in cash in a state with no income tax, down to $205.8 million in New York City. The cash option is about $426.7 million (estimated with the current cash-to-jackpot ratio of 42.7%) before taxes.

#### What is the cash value of a $1 billion Powerball jackpot?

About $426.7 million. The advertised $1 billion is the sum of 30 annuity payments; the cash option is the money actually in the jackpot pool, which is why it is smaller.

#### How much is the $1 billion Powerball annuity per year after taxes?

The first payment is about $15.1 million before taxes and $9.5 million after federal tax, rising 5% a year to $39.1 million after tax in year 30 (before any state tax).

#### How much federal tax do you pay on a $1 billion Powerball jackpot?

About $157.8 million on the cash option: $102.4 million withheld at claim (24%) and about $55.4 million more when you file, because the top bracket is 37%.

#### Which state is best to win a $1 billion Powerball jackpot in?

You keep the most, $268.9 million in cash, in Alaska, California, Florida, Nevada, New Hampshire, South Dakota and 4 more. You keep the least in New York City.

### Related

#### Nearby amounts

- [$900 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/900-million-after-taxes/)
- [$950 million Powerball after taxes](https://lotteryaftertaxes.com/powerball/950-million-after-taxes/)
- [$1.1 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1.1-billion-after-taxes/)
- [$1.2 billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1.2-billion-after-taxes/)
- [$1 Billion Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/)

#### Current jackpot by state

- [Powerball after taxes in Texas](https://lotteryaftertaxes.com/powerball/after-taxes/texas/)
- [Powerball after taxes in California](https://lotteryaftertaxes.com/powerball/after-taxes/california/)
- [Powerball after taxes in New York](https://lotteryaftertaxes.com/powerball/after-taxes/new-york/)
- [Powerball after taxes in Florida](https://lotteryaftertaxes.com/powerball/after-taxes/florida/)
- [Powerball after taxes in Illinois](https://lotteryaftertaxes.com/powerball/after-taxes/illinois/)
- [Powerball after taxes in Pennsylvania](https://lotteryaftertaxes.com/powerball/after-taxes/pennsylvania/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [Powerball home page](https://www.powerball.com/) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)
- [Powerball FAQs](https://www.powerball.com/faqs) (checked Sep 26, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/) (checked Sep 26, 2026)
- [State rules: see the sources page for all 51 jurisdictions](https://lotteryaftertaxes.com/sources/)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## $1 Billion Mega Millions After Taxes: $260.7 Million Cash in Texas, $215.6 Million in New York (2026)

Source: https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/

$1 Billion Mega Millions jackpot, cash option about $413.7 million. Single filer.

You keep about $260.7 million in cash where there is no state income tax

Two hundred sixty million six hundred eighty-one thousand and 00/100 dollars

From **$199.6 million** in New York City to **$260.7 million** in Alaska, California, Florida, Nevada and 6 more.

Hypothetical jackpot. Cash value estimated from the current official Mega Millions cash-to-jackpot ratio (41.4%, as of Sep 26, 2026). Tax rules for 2026.

**Cash option, from advertised jackpot to what you keep**

| Item | Amount |
| --- | --- |
| Advertised jackpot: Sum of 30 annuity payments | $1,000,000,000 |
| Cash option: Estimated at 41.4% of the jackpot, the current official ratio | $413,700,000 |
| Federal tax withheld at claim: 24% of the prize | −$99,288,000 |
| Federal tax still owed at filing: Top bracket is 37% | −$53,731,000 |
| Texas state tax: No state income tax | $0 |
| You keep: 26.1% of the advertised jackpot | $260,681,000 |

### All 50 states and DC

**Single filer, ticket bought in the state you live in. Sort by clicking a column name.**

| [State](https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/?sort=state&dir=desc#states) | [Cash kept](https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/?sort=kept&dir=desc#states) | [Annuity kept](https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/?sort=annuity&dir=desc#states) | [State tax](https://lotteryaftertaxes.com/mega-millions/1-billion-after-taxes/?sort=rate&dir=desc#states) |
| --- | --- | --- | --- |
| Alabama^\* | $240 million | $581.5 million | 5% |
| Alaska^\* | $260.7 million | $631.5 million | none |
| Arizona | $250.3 million | $606.5 million | 2.5% |
| Arkansas | $245.4 million | $594.5 million | 3.7% |
| California | $260.7 million | $631.5 million | exempt |
| Colorado | $242.5 million | $587.5 million | 4.4% |
| Connecticut | $231.8 million | $561.6 million | 6.99% |
| Delaware | $233.4 million | $565.5 million | 6.6% |
| District of Columbia | $216.2 million | $524 million | 10.75% |
| Florida | $260.7 million | $631.5 million | none |
| Georgia | $240 million | $581.6 million | 4.99% |
| Hawaii^\* | $215.2 million | $521.5 million | 11% |
| Idaho | $238.8 million | $578.5 million | 5.3% |
| Illinois | $240.2 million | $582 million | 4.95% |
| Indiana | $248.5 million | $602 million | 2.95% |
| Iowa | $245 million | $593.5 million | 3.8% |
| Kansas | $237.6 million | $575.7 million | 5.58% |
| Kentucky | $246.2 million | $596.5 million | 3.5% |
| Louisiana | $248.3 million | $601.5 million | 3% |
| Maine | $222.8 million | $540 million | 9.15% |
| Maryland | $233.8 million | $566.5 million | 6.5% |
| Massachusetts | $223.4 million | $541.5 million | 9% |
| Michigan | $243.1 million | $589 million | 4.25% |
| Minnesota | $219.9 million | $533 million | 9.85% |
| Mississippi | $244.1 million | $591.5 million | 4% |
| Missouri | $241.2 million | $584.5 million | 4.7% |
| Montana | $237.3 million | $575 million | 5.65% |
| Nebraska | $241.9 million | $586 million | 4.55% |
| Nevada^\* | $260.7 million | $631.5 million | none |
| New Hampshire | $260.7 million | $631.5 million | none |
| New Jersey | $216.2 million | $524 million | 10.75% |
| New Mexico | $236.3 million | $572.5 million | 5.9% |
| New York | $215.6 million | $522.5 million | 10.9% |
| New York City | $199.6 million | $483.7 million | 14.776% |
| Yonkers | $208 million | $504.2 million | 12.726% |
| North Carolina | $244.2 million | $591.6 million | 3.99% |
| North Dakota | $250.3 million | $606.5 million | 2.5% |
| Ohio | $249.3 million | $604 million | 2.75% |
| Oklahoma | $242.1 million | $586.5 million | 4.5% |
| Oregon | $219.7 million | $532.5 million | 9.9% |
| Pennsylvania | $248 million | $600.8 million | 3.07% |
| Rhode Island | $235.9 million | $571.6 million | 5.99% |
| South Carolina | $239.1 million | $579.4 million | 5.21% |
| South Dakota | $260.7 million | $631.5 million | none |
| Tennessee | $260.7 million | $631.5 million | none |
| Texas | $260.7 million | $631.5 million | none |
| Utah^\* | $242.3 million | $587 million | 4.45% |
| Vermont | $224.5 million | $544 million | 8.75% |
| Virginia | $236.9 million | $574 million | 5.75% |
| Washington | $260.7 million | $631.5 million | none |
| West Virginia | $241.7 million | $585.7 million | 4.58% |
| Wisconsin | $229 million | $555 million | 7.65% |
| Wyoming | $260.7 million | $631.5 million | none |

^\* No state lottery; residents who win with a ticket bought elsewhere still owe their home state's income tax, and the state where the ticket was bought may tax it first. Local rows (New York City, Yonkers) include state and city tax.

### Lump sum or annuity

**Lump sum and annuity after tax in a state with no income tax**

| Item | Cash option | Annuity (30 payments) |
| --- | --- | --- |
| Before tax | $413,700,000 | $1,000,000,000 |
| Total tax | −$153,019,000 | −$368,500,008 |
| You keep | $260,681,000 | $631,499,992 |
| In today's dollars, annuity discounted at 3% a year | $260,681,000 | $382,202,311 |
| When you get it | All at once | $9.5 million now, then yearly up to $39.1 million |

The annuity keeps **$370.8 million more** after tax in total but pays it over 29 years; the cash would need to earn **5.67% a year after tax** to fund the same payments. [How to think about the choice](https://lotteryaftertaxes.com/lump-sum-vs-annuity/).

#### 30 annuity payments from $9.5 million to $39.1 million after tax

**30 annual payments, taxed in the year received (2026 brackets assumed every year)**

| Payment | Year | Before tax | Federal | State | After tax |
| --- | --- | --- | --- | --- | --- |
| 1 | 2026 | $15,051,435 | −$5,519,031 | $0 | $9,532,404 |
| 2 | 2027 | $15,804,007 | −$5,797,483 | $0 | $10,006,524 |
| 3 | 2028 | $16,594,207 | −$6,089,857 | $0 | $10,504,350 |
| 4 | 2029 | $17,423,918 | −$6,396,850 | $0 | $11,027,068 |
| 5 | 2030 | $18,295,113 | −$6,719,192 | $0 | $11,575,921 |
| 6 | 2031 | $19,209,869 | −$7,057,652 | $0 | $12,152,217 |
| 7 | 2032 | $20,170,363 | −$7,413,034 | $0 | $12,757,328 |
| 8 | 2033 | $21,178,881 | −$7,786,186 | $0 | $13,392,695 |
| 9 | 2034 | $22,237,825 | −$8,177,995 | $0 | $14,059,829 |
| 10 | 2035 | $23,349,716 | −$8,589,395 | $0 | $14,760,321 |
| 11 | 2036 | $24,517,202 | −$9,021,365 | $0 | $15,495,837 |
| 12 | 2037 | $25,743,062 | −$9,474,933 | $0 | $16,268,129 |
| 13 | 2038 | $27,030,215 | −$9,951,180 | $0 | $17,079,035 |
| 14 | 2039 | $28,381,726 | −$10,451,239 | $0 | $17,930,487 |
| 15 | 2040 | $29,800,812 | −$10,976,301 | $0 | $18,824,511 |
| 16 | 2041 | $31,290,853 | −$11,527,616 | $0 | $19,763,237 |
| 17 | 2042 | $32,855,395 | −$12,106,496 | $0 | $20,748,899 |
| 18 | 2043 | $34,498,165 | −$12,714,321 | $0 | $21,783,844 |
| 19 | 2044 | $36,223,073 | −$13,352,537 | $0 | $22,870,536 |
| 20 | 2045 | $38,034,227 | −$14,022,664 | $0 | $24,011,563 |
| 21 | 2046 | $39,935,938 | −$14,726,297 | $0 | $25,209,641 |
| 22 | 2047 | $41,932,735 | −$15,465,112 | $0 | $26,467,623 |
| 23 | 2048 | $44,029,372 | −$16,240,868 | $0 | $27,788,504 |
| 24 | 2049 | $46,230,840 | −$17,055,411 | $0 | $29,175,429 |
| 25 | 2050 | $48,542,382 | −$17,910,682 | $0 | $30,631,701 |
| 26 | 2051 | $50,969,502 | −$18,808,716 | $0 | $32,160,786 |
| 27 | 2052 | $53,517,977 | −$19,751,652 | $0 | $33,766,325 |
| 28 | 2053 | $56,193,875 | −$20,741,734 | $0 | $35,452,141 |
| 29 | 2054 | $59,003,569 | −$21,781,321 | $0 | $37,222,248 |
| 30 | 2055 | $61,953,748 | −$22,872,887 | $0 | $39,080,861 |
| Total |  | $1,000,000,000 | −$368,500,008 | $0 | $631,499,992 |

### Questions

#### How much is a $1 billion Mega Millions after taxes?

About $260.7 million in cash in a state with no income tax, down to $199.6 million in New York City. The cash option is about $413.7 million (estimated with the current cash-to-jackpot ratio of 41.4%) before taxes.

#### What is the cash value of a $1 billion Mega Millions jackpot?

About $413.7 million. The advertised $1 billion is the sum of 30 annuity payments; the cash option is the money actually in the jackpot pool, which is why it is smaller.

#### How much is the $1 billion Mega Millions annuity per year after taxes?

The first payment is about $15.1 million before taxes and $9.5 million after federal tax, rising 5% a year to $39.1 million after tax in year 30 (before any state tax).

#### How much federal tax do you pay on a $1 billion Mega Millions jackpot?

About $153 million on the cash option: $99.3 million withheld at claim (24%) and about $53.7 million more when you file, because the top bracket is 37%.

#### Which state is best to win a $1 billion Mega Millions jackpot in?

You keep the most, $260.7 million in cash, in Alaska, California, Florida, Nevada, New Hampshire, South Dakota and 4 more. You keep the least in New York City.

### Related

#### Nearby amounts

- [$900 million Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/900-million-after-taxes/)
- [$950 million Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/950-million-after-taxes/)
- [$1.1 billion Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/1.1-billion-after-taxes/)
- [$1.2 billion Mega Millions after taxes](https://lotteryaftertaxes.com/mega-millions/1.2-billion-after-taxes/)
- [$1 Billion Powerball after taxes](https://lotteryaftertaxes.com/powerball/1-billion-after-taxes/)

#### Current jackpot by state

- [Mega Millions after taxes in Texas](https://lotteryaftertaxes.com/mega-millions/after-taxes/texas/)
- [Mega Millions after taxes in California](https://lotteryaftertaxes.com/mega-millions/after-taxes/california/)
- [Mega Millions after taxes in New York](https://lotteryaftertaxes.com/mega-millions/after-taxes/new-york/)
- [Mega Millions after taxes in Florida](https://lotteryaftertaxes.com/mega-millions/after-taxes/florida/)
- [Mega Millions after taxes in Illinois](https://lotteryaftertaxes.com/mega-millions/after-taxes/illinois/)
- [Mega Millions after taxes in Pennsylvania](https://lotteryaftertaxes.com/mega-millions/after-taxes/pennsylvania/)

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [IRS: 2026 inflation adjustments (Rev. Proc. 2025-32)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [IRS Publication 505: withholding on gambling winnings](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [New Mega Millions arrives in April (megamillions.com)](https://www.megamillions.com/News/2025/New-Mega-Millions%C2%AE-arrives-in-April.aspx) (checked Sep 26, 2026)
- [Mega Millions To Get MEGA Enhancements in April 2025 (megamillions.com)](https://www.megamillions.com/News/2024/Mega-Millions-To-Get-MEGA-Enhancements-in-April-20.aspx) (checked Sep 26, 2026)
- [Mega Millions Game Change FAQ (Illinois Lottery)](https://www.illinoislottery.com/help-center/faqs/mega-millions-game-change) (checked Sep 26, 2026)
- [Mega Millions official site (current jackpot and cash value)](https://www.megamillions.com/) (checked Sep 26, 2026)
- [Report of the official jackpot estimate used here](https://mynewsla.com/life/2026/09/26/no-tickets-sold-with-all-six-mega-millions-numbers-jackpot-at-300-million-2/) (checked Sep 26, 2026)
- [State rules: see the sources page for all 51 jurisdictions](https://lotteryaftertaxes.com/sources/)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Largest Lottery Jackpots in US History, After Taxes

Source: https://lotteryaftertaxes.com/history/

The biggest Powerball and Mega Millions jackpots, with what the winners kept. "Today's rules" applies 2026 federal and state tax to the same prize for a single filer in the winning state.

**Largest US jackpots recorded here (14), by advertised amount**

| Jackpot | Date | Won in | Cash value | Kept, today's rules |
| --- | --- | --- | --- | --- |
| [$2.04 billion Powerball](https://lotteryaftertaxes.com/history/2022-11-07-powerball-2-04-billion/) | Nov 7, 2022 | CA | not verified | annuity $1.29 billion |
| [$1.817 billion Powerball](https://lotteryaftertaxes.com/history/2025-12-24-powerball-1-817-billion/) | Dec 24, 2025 | AR | $834.9 million | $495.1 million |
| [$1.787 billion Powerball](https://lotteryaftertaxes.com/history/2025-09-06-powerball-1-787-billion/) | Sep 6, 2025 | MO, TX | not verified | annuity $1.04 billion |
| [$1.765 billion Powerball](https://lotteryaftertaxes.com/history/2023-10-11-powerball-1-765-billion/) | Oct 11, 2023 | CA | not verified | annuity $1.11 billion |
| [$1.602 billion Mega Millions](https://lotteryaftertaxes.com/history/2023-08-08-mega-millions-1-602-billion/) | Aug 8, 2023 | FL | not verified | annuity $1.01 billion |
| [$1.586 billion Powerball](https://lotteryaftertaxes.com/history/2016-01-13-powerball-1-586-billion/) | Jan 13, 2016 | CA, FL, TN | not verified | annuity $1 billion |
| [$1.537 billion Mega Millions](https://lotteryaftertaxes.com/history/2018-10-23-mega-millions-1-537-billion/) | Oct 23, 2018 | SC | not verified | annuity $889.7 million |
| [$1.348 billion Mega Millions](https://lotteryaftertaxes.com/history/2023-01-13-mega-millions-1-348-billion/) | Jan 13, 2023 | ME | not verified | annuity $727.4 million |
| [$1.337 billion Mega Millions](https://lotteryaftertaxes.com/history/2022-07-29-mega-millions-1-337-billion/) | Jul 29, 2022 | IL | not verified | annuity $777.6 million |
| [$1.326 billion Powerball](https://lotteryaftertaxes.com/history/2024-04-06-powerball-1-326-billion/) | Apr 6, 2024 | OR | not verified | annuity $705.6 million |
| [$1.269 billion Mega Millions](https://lotteryaftertaxes.com/history/2024-12-27-mega-millions-1-269-billion/) | Dec 27, 2024 | CA | not verified | annuity $801 million |
| [$1.04 billion Powerball](https://lotteryaftertaxes.com/history/2026-08-12-powerball-1-04-billion/) | Aug 12, 2026 | IL | $450.5 million | $261.6 million |
| [$980 million Mega Millions](https://lotteryaftertaxes.com/history/2025-11-14-mega-millions-980-million/) | Nov 14, 2025 | GA | $452.2 million | $262.4 million |
| [$800 million Mega Millions](https://lotteryaftertaxes.com/history/2026-07-28-mega-millions-800-million/) | Jul 28, 2026 | FL | $344.2 million | $216.9 million |

Split jackpots show the total for all winning tickets, each taxed in its own state. Cash values are the official figures reported at the time; where a value has not been verified against an official source yet, only the annuity is shown. The list is incomplete while the remaining records are verified.

These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).

### Sources for this page

- [What are the 10 largest US lottery jackpots ever won? (AP via Yahoo)](https://www.yahoo.com/news/articles/10-largest-us-lottery-jackpots-172748452.html) (checked Sep 26, 2026)
- [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas) (checked Sep 26, 2026)

Figures are estimates for planning, not tax or legal advice. How they are calculated: [methodology](https://lotteryaftertaxes.com/methodology/). Read the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Methodology: How We Calculate Lottery Taxes

Source: https://lotteryaftertaxes.com/methodology/

Every figure on the site comes from the same calculation. This page lists each step and every assumption, so you can check it or redo it.

### 1. Advertised jackpot and cash value

The advertised jackpot is the total of 30 annuity payments. The cash value is what the game says the prize pool is worth today. For the current jackpots we use the official cash value published by the game (currently $153.6 million for Powerball and $124.1 million for Mega Millions).

For hypothetical amounts (the "$500 million" pages) no official cash value exists, so we estimate it with the ratio of the latest official cash value to the advertised jackpot for that game: 42.67% for Powerball and 41.37% for Mega Millions. The ratio moves with interest rates; we update it when it changes by more than one percentage point, and every page that uses it says so.

### 2. Federal tax

**At claim:** the lottery withholds 24% of the prize when proceeds (prize minus the ticket price) are more than $5,000 (IRS Publication 505). This is a prepayment, not the final tax.

**At filing:** the prize is ordinary income. We apply the 2026 brackets from IRS Revenue Procedure 2025-32 for the chosen filing status after the standard deduction, with no other income unless you enter some in the calculator. On a jackpot almost everything falls in the 37% bracket (over $640,600 for single filers). "Owed at filing" is the liability minus what was withheld.

Not included: itemized deductions, credits, the alternative minimum tax, and investment income earned later on the winnings. The 3.8% net investment income tax does not apply to lottery winnings themselves.

### 3. State and local tax

For each state we record whether it has an income tax, whether it taxes lottery prizes, whether it exempts prizes from its own lottery (California does), the rate, the lottery's withholding at claim, and whether it taxes non-residents who bought a ticket there.

**Rate used:** a jackpot is taxed almost entirely at a progressive state's top rate, so we apply the top marginal rate (including surtaxes such as Massachusetts' 4% on income over about $1 million) to the whole prize. For prizes of a few hundred thousand dollars or less this slightly overstates the state tax; the calculator says so when it matters.

**Local taxes:** New York City (3.876% of the prize) and Yonkers (16.75% of the state tax) are included when chosen. Other local income taxes that can apply to prizes, such as Maryland and Indiana county taxes, Ohio city taxes or Portland-area taxes in Oregon, vary by address and are described on the state's page but not added to the figures.

**Ticket bought in another state:** the ticket's state taxes a non-resident first (if it taxes non-residents); the home state taxes the prize too but credits the tax paid to the other state, up to its own tax. The result is the higher of the two. Local taxes of the home city still apply.

**No state lottery:** residents of Alabama, Alaska, Hawaii, Nevada and Utah must buy tickets elsewhere; their pages assume the ticket's state does not tax non-residents.

### 4. The annuity

Both games pay the annuity as one payment at claim and 29 yearly payments, each 5% larger than the last, adding up to the advertised jackpot. The first payment is P = J × g ÷ ((1 + g)^30 − 1), with J the jackpot and g = 5%.

Each payment is taxed as income in the year it is received. Future brackets and state rates are unknown, so every year uses the 2026 brackets, standard deduction and state rules, with no other income. Payments are not adjusted for inflation; the lump-sum comparison also shows the annuity in today's dollars, discounted at 3% a year.

### 5. Lump sum versus annuity

The break-even return is the annual after-tax return at which the cash (after tax) would fund exactly the same after-tax payments as the annuity. It is the rate r that makes the present value of the 30 after-tax annuity payments equal to the after-tax lump sum, found numerically.

### 6. Rounding and freshness

Calculations use full precision; headline figures are rounded to the nearest $0.1 million. Jackpot values are refreshed after each drawing. When a refresh fails, pages keep the last confirmed value and show a notice saying it may be out of date. State rules were last checked on Sep 26, 2026; where a rule could not be fully confirmed against an official source the page says so and is kept out of search results until it is.

### 7. Not advice

These are estimates for planning. Your actual tax depends on your whole return. Talk to a tax professional before claiming a prize. See the [disclaimer](https://lotteryaftertaxes.com/disclaimer/).

## Sources: Federal, State and Game Rules

Source: https://lotteryaftertaxes.com/sources/

Every rate and rule on this site, with where it comes from and when it was last checked.

### Federal (2026)

- [Rev. Proc. 2025-32](https://www.irs.gov/pub/irs-drop/rp-25-32.pdf) (checked Sep 26, 2026)
- [IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill (IRS newsroom)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill) (checked Sep 26, 2026)
- [KPMG TaxNewsFlash: Rev. Proc. 2025-32 inflation adjustments for 2026](https://kpmg.com/us/en/taxnewsflash/news/2025/10/tnf-rev-proc-2025-32-inflation-adjustments-for-2026-individual-taxpayers.html) (checked Sep 26, 2026)
- [TIAA 2026 quick tax reference guide](https://www.tiaa.org/public/pdf/q/quick_tax_reference_guide.pdf) (checked Sep 26, 2026)
- [CFP Board exam tax tables 2026](https://www.cfp.net/-/media/files/cfp-board/cfp-certification/exam/exam-tax-table.pdf) (checked Sep 26, 2026)
- [2026 Tax Brackets and Federal Income Tax Rates (Tax Foundation)](https://taxfoundation.org/data/all/federal/2026-tax-brackets/) (checked Sep 26, 2026)
- [Publication 505 (2026), Tax Withholding and Estimated Tax](https://www.irs.gov/publications/p505) (checked Sep 26, 2026)
- [Publication 505 - Gambling Winnings (IRS Tax Map)](https://taxmap.irs.gov/taxmap/pubs/p505-006.htm) (checked Sep 26, 2026)
- [Instructions for Forms W-2G and 5754 (Rev. January 2026)](https://www.irs.gov/instructions/iw2g) (checked Sep 26, 2026)
- [Instructions for Forms W-2G and 5754 (Rev. January 2026)](https://www.irs.gov/instructions/iw2g) (checked Sep 26, 2026)
- [IRS confirms $2000 slot jackpot threshold begins in 2026 (CDC Gaming)](https://cdcgaming.com/brief/irs-confirms-2000-slot-jackpot-threshold-begins-in-2026/) (checked Sep 26, 2026)
- [IRS reporting thresholds change in 2026 for gambling income (NATP)](https://www.natptax.com/news-insights/blog/irs-reporting-thresholds-change-in-2026-for-gambling-income/) (checked Sep 26, 2026)
- [Form W-2G Reporting Thresholds by Gambling Type for 2026 (BoomTax)](https://boomtax.com/w-2g/form-w-2g-reporting-thresholds) (checked Sep 26, 2026)
- [US Poker Taxes 2026 (PokerCharts)](https://pokercharts.com/en/blog/poker-taxes-us-2026) (checked Sep 26, 2026)

### Games

- Powerball: [Powerball home page](https://www.powerball.com/)
- Powerball: [$1.817 billion Powerball jackpot won in Arkansas (powerball.com)](https://www.powerball.com/1.817-billion-powerball-jackpot-won-in-arkansas)
- Powerball: [Powerball FAQs](https://www.powerball.com/faqs)
- Powerball: [Powerball Prize Chart](https://www.powerball.com/powerball-prize-chart)
- Powerball: [$1.040 Billion Powerball Jackpot Won in Illinois (powerball.com)](https://www.powerball.com/1.040-billion-powerball-jackpot-won-in-illinois)
- Powerball: [No Tickets Sold With All Six Powerball Numbers; Jackpot Rises to $360 Million (MyNewsLA, 2026-09-24)](https://mynewsla.com/life/2026/09/24/no-tickets-sold-with-all-six-powerball-numbers-jackpot-rises-to-360-million-3/)
- Powerball: [Sept. 23 Powerball results: $1M winners sold in 2 states (Yahoo)](https://www.yahoo.com/news/us/articles/sept-23-powerball-results-1m-132405838.html)
- Powerball: [Powerball Draw Result - Wed, Sep 23, 2026 (powerball.com)](https://www.powerball.com/draw-result)
- Mega Millions: [New Mega Millions arrives in April (megamillions.com)](https://www.megamillions.com/News/2025/New-Mega-Millions%C2%AE-arrives-in-April.aspx)
- Mega Millions: [Mega Millions To Get MEGA Enhancements in April 2025 (megamillions.com)](https://www.megamillions.com/News/2024/Mega-Millions-To-Get-MEGA-Enhancements-in-April-20.aspx)
- Mega Millions: [Mega Millions Game Change FAQ (Illinois Lottery)](https://www.illinoislottery.com/help-center/faqs/mega-millions-game-change)
- Mega Millions: [Mega Millions Game Changes (Maryland Lottery)](https://www.mdlottery.com/games/mega-millions/changes/)
- Mega Millions: [Difference Between Cash Value and Annuity (megamillions.com)](https://www.megamillions.com/How-to-Play/Difference-Between-Cash-Value-and-Annuity.aspx)
- Mega Millions: [Mega Millions jackpot at $300M (MyNewsLA, 2026-09-26)](https://mynewsla.com/life/2026/09/26/no-tickets-sold-with-all-six-mega-millions-numbers-jackpot-at-300-million-2/)
- Mega Millions: [Mega Millions numbers for Friday, Sept. 25, 2026: No jackpot winner (Yahoo)](https://www.yahoo.com/news/us/articles/mega-millions-winning-numbers-friday-031902461.html)
- Mega Millions: [Third Mega Millions Jackpot of 2026 Goes to Florida (megamillions.com)](https://www.megamillions.com/News/2026/Third-Mega-Millions-Jackpot-of-2026-Goes-to-Florid.aspx)

### States and DC

#### Alabama

Alabama has no state lottery, so residents must buy Powerball or Mega Millions tickets in another state. Prizes won by Alabama residents are still taxable Alabama income, at rates up to 5%. Lottery bills (SB257, HB448) died in the 2026 session. Checked Sep 26, 2026.

- [Alabama DOR - Income to Be Reported on the Alabama Income Tax Return](https://www.revenue.alabama.gov/individual-corporate/income-to-be-reported-on-the-alabama-income-tax-return/)
- [Alabama Reflector - Alabama Legislature 2026: A 'get in, get out' session that wasn't](https://alabamareflector.com/2026/04/13/alabama-legislature-2026-a-get-in-get-out-session-that-wasnt/)
- [Fox10 - Clock winds down on Alabama legislative session as gambling, lottery bills stall](https://www.fox10tv.com/2026/03/06/clock-winds-down-alabama-legislative-session-gambling-lottery-bills-stall/)
- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### Alaska

Alaska has no personal income tax, so only federal tax applies to a prize won by an Alaska resident. Alaska also has no state lottery, so residents must buy tickets in another state. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### Arizona

Arizona taxes lottery prizes at its flat 2.5% income tax rate. A 2025 law (SB 1274) set gambling withholding at the top individual rate, currently 2.5%. Nonresidents who win with a ticket bought in Arizona owe Arizona tax on it as Arizona-source income. Checked Sep 26, 2026.

- [Arizona Lottery winner brochure](https://www.arizonalottery.com/media/1066/arizona-lottery-winner-brochure.pdf)
- [Sovos - Arizona Lowers Gambling Withholding Rate to 2.5%](https://sovos.com/regulatory-updates/trr/arizona-lowers-gambling-withholding-rate-to-2-5/)
- [A.R.S. 43-405 - Extension of withholding to gambling winnings](https://www.azleg.gov/ars/43/00405.htm)
- [AZDOR private taxpayer ruling LR99-012 (lottery winnings and residency)](https://azdor.gov/sites/default/files/2023-03/RULINGS_INDIV_1999_lr99-012.pdf)

#### Arkansas

Arkansas cut its top income tax rate to 3.7% retroactive to January 1, 2026 (Act 1 of the 2026 special session, signed May 2026). The Arkansas Scholarship Lottery withholds 3.7% state tax on prizes over $5,000. Checked Sep 26, 2026.

- [Arkansas Scholarship Lottery - Claim Your Prize](https://playershub.myarkansaslottery.com/claim)
- [Tax Foundation - Arkansas Cuts Income Tax Rates for the Fourth Time in Four Years](https://taxfoundation.org/blog/arkansas-income-tax-cut-rates/)
- [Talk Business & Politics - Governor signs tax cuts into law](https://talkbusiness.net/2026/05/governor-signs-tax-cuts-into-law/)
- [Arkansas House - Tax Cuts Passed in Special Session](https://www.arkansashouse.org/news/post/35262/tax-cuts-passed-in-special-session/)

#### California

California does not tax California Lottery prizes, including Powerball and Mega Millions tickets bought in California, so only federal tax applies. A California resident who wins with a ticket bought in another state owes California tax at up to 13.3% (12.3% top bracket plus 1% Behavioral/Mental Health Services Tax on income over $1 million). Checked Sep 26, 2026.

- [FTB - Gambling](https://www.ftb.ca.gov/file/personal/income-types/gambling.html)
- [Kiplinger - These States Won't Tax Your Lottery Winnings](https://www.kiplinger.com/taxes/these-states-wont-tax-your-powerball-winnings)
- [California 2026 Tax Brackets - Top Rate 13.3% (Breakeven)](https://www.breakeven.tax/brackets/2026/california)

#### Colorado

Colorado taxes lottery prizes at its flat 4.4% income tax rate. The Colorado Lottery withholds only 4% on prizes over $5,000, so a little more is due at filing. Nonresidents must file a Colorado return on Colorado-source winnings. Checked Sep 26, 2026.

- [Colorado Lottery - Financial Counsel](https://www.coloradolottery.com/en/winners/financial-counsel/)
- [Colorado Lottery - Claiming Prizes](https://www.coloradolottery.com/en/winners/claiming-prizes/)
- [Colorado DOR - Income Tax Topics: Part-Year Residents & Nonresidents](https://tax.colorado.gov/income-tax-topics-part-year-residents-nonresidents)

#### Connecticut

Connecticut withholds 6.99% state income tax from CT Lottery prizes over $5,000, and from prizes of $600 or more that are at least 300 times the wager, whatever the winner's state of residence. Jackpots are taxed at Connecticut's 6.99% top rate, which starts above $500,000 for single filers. Checked Sep 26, 2026.

- [CT Lottery - Tax Information](https://www.ctlottery.org/taxinformation)
- [CT DRS IP 2015(23) - Income Tax Treatment of State Lottery Winnings Received by Residents and Nonresidents](https://portal.ct.gov/DRS/Publications/Informational-Publications/2015/IP-201523-Connecticut-Income-Tax-Treatment-of-State-Lottery-Winnings-Received-by-Residents-and-Nonre)
- [Connecticut Tax Brackets 2026](https://ustax.tools/connecticut-tax-brackets-2026/)

#### Delaware

The Delaware Lottery says all winning Delaware Lottery tickets are subject to Delaware income tax (top rate 6.6%), but it does not withhold state tax at claim. It withholds only 24% federal tax on prizes over $5,000, so Delaware residents should plan to pay the state tax when they file. **Not fully confirmed:** Sources conflict. Some secondary sites claim Delaware exempts lottery prizes, but the official Delaware Lottery FAQ says winning tickets are subject to Delaware income tax, and Tax Foundation lists Delaware among states with zero withholding. The treatment used here: residents taxed, no withholding. Nonresidents: 30 Del. C. s.1124 lists pari-mutuel winnings but not lottery winnings as Delaware-source income, and one source says nonresidents are not taxed, so this is set to false (medium-low confidence). The 6.6% top rate is from a 2026 secondary source (2.2%-6.6%). The top-bracket threshold (believed to be $60,000) was not confirmed. Checked Sep 26, 2026.

- [Delaware Lottery - FAQs](https://www.delottery.com/FAQs)
- [Delaware Lottery - Claim Prizes](https://www.delottery.com/Claim-Prizes)
- [Tax Foundation - Lottery Tax Rates Vary Greatly By State](https://taxfoundation.org/data/all/state/lottery-tax-rates-vary-greatly-state-0/)
- [Delaware Code Title 30 s.1124 (nonresident source income)](https://codes.findlaw.com/de/title-30-state-taxes/de-code-sect-30-1124/)

#### District of Columbia

DC taxes residents' lottery prizes at rates up to 10.75% on taxable income over $1 million, but the DC Lottery withholds only 8.5% on prizes over $5,000, so more is due at filing. Federal Home Rule rules bar DC from taxing nonresidents' personal income. Non-DC winners can reclaim any DC tax withheld with Form D-40B. Checked Sep 26, 2026.

- [DC Lottery - Claiming a DC Lottery Prize](https://lottery.dc.gov/page/claiming-dc-lottery-prize)
- [DC Lottery - Player FAQs](https://dclottery.com/player-faqs)
- [Tax Foundation - 2026 DC Tax Rates & Rankings](https://taxfoundation.org/location/the-district-of-columbia/)
- [DC OTR - Form D-40B Nonresident Request for Refund](https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40B_Form_012026.pdf)

#### Florida

Florida has no personal income tax, so only federal tax applies. The Florida Lottery withholds 24% federal tax on prizes over $5,000 (30% without a valid SSN), and jackpot winners owe more at filing because of the 37% top bracket. Checked Sep 26, 2026.

- [Florida Lottery - Winning FAQ](https://floridalottery.com/help/faqs/winning-faq)
- [Florida Lottery - Winner's Guide](https://floridalottery.com/winning/guide)
- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### Georgia

Georgia's flat income tax rate fell from 5.19% to 4.99% for tax year 2026 (HB 463, signed May 11, 2026). The Georgia Lottery withholds 4.99% state tax on prizes over $5,000. Georgia lottery winnings are Georgia-source income for nonresidents. Checked Sep 26, 2026.

- [Georgia Lottery - Player FAQs](https://www.galottery.com/en-us/player-zone/player-faqs.html)
- [Gov. Kemp - Signs Legislation Lowering Taxes (May 11, 2026)](https://gov.georgia.gov/press-releases/2026-05-11/gov-kemp-signs-legislation-lowering-taxes-and-supporting-economic-growth)
- [Georgia DOR - Filing Residents, Nonresidents, and Part-Year Residents FAQ](https://dor.georgia.gov/filing-residents-nonresidents-and-part-year-residents-faq)
- [Ga. Comp. R. & Regs. 560-7-8-.39 - Withholding on proceeds paid by the Georgia Lottery](https://www.law.cornell.edu/regulations/georgia/Ga-Comp-R-Regs-R-560-7-8-.39)

#### Hawaii

Hawaii bans all gambling and has no lottery, so residents must buy tickets out of state. Hawaii taxes residents on all income wherever earned, including lottery prizes, at rates up to 11%, the highest top rate after California. Checked Sep 26, 2026.

- [KHON2 - Hawaii residents can buy Powerball lottery tickets, but winnings will be taxed](https://www.khon2.com/local-news/hawaii-residents-can-buy-powerball-lottery-tickets-but-winnings-will-be-taxed/)
- [Hawaii Tax Review Commission - Legislative Update (May 26, 2026)](https://files.hawaii.gov/tax/stats/trc/docs2025/2026-05-Karacaovali_Presentation_TRC_Legislative_Update.pdf)
- [Gambling Insider - Hawaii Gambling Bills Resurface in 2026](https://www.gamblinginsider.com/news/106541/hawaii-gambling-bills-2026)

#### Idaho

Idaho taxes lottery prizes at its flat 5.3% rate (cut from 5.695% by HB 40 in 2025). The Idaho Lottery automatically withholds 24% federal and 5.3% state tax on prizes over $5,000. Checked Sep 26, 2026.

- [Idaho Lottery - General FAQs](https://www.idaholottery.com/pages/faqs)
- [Idaho Lottery - Winner Guidebook](https://www.idaholottery.com/images/uploads/general/winnersguideweb.pdf)
- [Idaho Code 63-3035A - State income tax withholding on lottery winnings](https://legislature.idaho.gov/statutesrules/idstat/title63/t63ch30/sect63-3035a/)
- [Idaho State Tax Commission - Individual Income Tax Rate Schedule](https://tax.idaho.gov/taxes/income-tax/individual-income/individual-income-tax-rate-schedule/)

#### Illinois

Illinois taxes lottery prizes at its flat 4.95% rate and withholds 4.95% state tax on Illinois Lottery prizes of $1,000 or more, for residents and nonresidents alike. Nonresidents who win with an Illinois ticket owe Illinois tax. Checked Sep 26, 2026.

- [Illinois Lottery - Winner Handbook](https://www.illinoislottery.com/content/dam/il/pdfs/winning/WinnersHandbook_Aug2023.pdf)
- [86 Ill. Adm. Code 100.7036 - Withholding of Lottery, Gambling and Wagering Winnings](https://ilga.gov/ftp/JCAR/AdminCode/086/086001000S70360R.html)
- [IDOR Pub-130 - Withholding from Employees and Lottery or Gambling Winners](https://tax.illinois.gov/research/publications/pubs/who-is-required-to-withhold-illinois-income-tax/illinois-income-tax-forms-for-determining-withholding-from-employees-and-lottery-or-gambling-winners.html)

#### Indiana

Indiana's flat state rate is 2.95% for 2026, and Indiana residents also owe county income tax (about 0.5%-2.9% depending on county) on prizes. The Hoosier Lottery withholds state tax on prizes over $1,200 and federal tax on prizes over $5,000. Nonresidents owe Indiana state tax on Hoosier Lottery winnings. Checked Sep 26, 2026.

- [Hoosier Lottery - Claiming your Prize](https://hoosierlottery.com/winners/how-to-claim-your-prize/)
- [Hoosier Lottery - Winner Resource FAQ (PDF)](https://hoosierlottery.com/getmedia/f8cb70f7-54b3-4f56-aac2-d40cefe1aa8b/03144_18_winner-resource-faq.pdf)
- [Indiana DOR - Rates, Fees & Penalties](https://www.in.gov/dor/resources/tax-rates-and-reports/rates-fees-and-penalties/)
- [Indiana Income Tax Information Bulletin 39 (nonresidents)](https://www.in.gov/dor/files/ib39.pdf)
- [Indiana Code 6-3-4-8.2 - Withholding; gambling winnings](https://law.justia.com/codes/indiana/title-6/article-3/chapter-4/section-6-3-4-8-2/)

#### Iowa

Iowa taxes lottery prizes at its flat 3.8% rate and requires 3.8% withholding on lottery winnings over $600. Nonresidents are not exempt from Iowa tax on Iowa lottery winnings. Checked Sep 26, 2026.

- [Iowa DOR - Iowa Tax On Gambling](https://revenue.iowa.gov/taxes/tax-guidance/individual-income-tax/iowa-tax-gambling)
- [Iowa DOR - Iowa Withholding Tax Information](https://revenue.iowa.gov/taxes/tax-guidance/withholding-tax/iowa-withholding-tax-information)

#### Kansas

Kansas has two brackets: 5.2%, and 5.58% on taxable income over $23,000 for single filers, so jackpots are taxed at 5.58%. The Kansas Lottery withholds only 5% when federal withholding applies (prizes over $5,000), so extra state tax is due at filing. Nonresidents with Kansas winnings must file a Kansas nonresident return. Checked Sep 26, 2026.

- [Kansas DOR - KW-100 Kansas Withholding Tax Guide](https://www.ksrevenue.gov/kw100.html)
- [K.S.A. 74-8720 (lottery prize withholding)](https://ksrevisor.gov/statutes/chapters/ch74/074_087_0020.html)
- [Kansas DOR - Selected Kansas Tax Rates](https://www.ksrevenue.gov/taxrates.html)

#### Kentucky

Kentucky's flat income tax rate fell to 3.5% on January 1, 2026, and lottery prizes are subject to it. Out-of-state winners who bought their ticket in Kentucky also owe Kentucky tax. Local occupational license taxes apply to wages and business net profits, not lottery winnings. Checked Sep 26, 2026.

- [KRS 154A.130 - Verification rules and prize payments](https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3019)
- [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/)
- [Kentucky League of Cities - Occupational License Tax](https://www.klc.org/InfoCentral/Detail/31/occupational-license-tax)

#### Louisiana

Louisiana moved to a flat 3% individual income tax starting in 2025. The Louisiana Lottery withholds 24% federal tax on prizes over $5,000 and 3% state tax on prizes of $5,000 or more. Checked Sep 26, 2026.

- [Louisiana Lottery - Claim a Prize](https://louisianalottery.com/players-guide/claim-a-prize/)
- [Louisiana DOR - What are the individual income tax rates and brackets?](https://revenue.louisiana.gov/tax-education-and-faqs/faqs/income-tax-reform/what-are-the-individual-income-tax-rates-and-brackets/)
- [Tax Foundation - 2026 Louisiana Tax Rates & Rankings](https://taxfoundation.org/location/louisiana/)
- [La. R.S. 47:9025](https://legis.la.gov/legis/Law.aspx?d=102674)

#### Maine

Starting in 2026, Maine adds a 2% surcharge on taxable income over $1,000,000 (single) on top of its 7.15% top bracket (over $64,850 single), for an effective top rate of 9.15% on a jackpot. The Maine State Lottery withholds 7.15% state tax on prizes over $5,000, so jackpot winners will owe more at filing. Checked Sep 26, 2026.

- [Maine State Lottery - How to Claim a Prize](https://www.mainelottery.com/players_info/prizes.html)
- [Maine Revenue Services - 2026 Individual Income Tax Rate Schedule](https://www.maine.gov/revenue/sites/maine.gov.revenue/files/2026-05/ind_tax_rate_sched_2026_rev.pdf)
- [36 M.R.S. 5255-C - Withholding on certain gambling winnings](https://legislature.maine.gov/statutes/36/title36sec5255-C.html)
- [BerryDunn - Maine's 2026-2027 supplemental budget key income tax changes](https://www.berrydunn.com/news-detail/maines-2026-2027-supplemental-budget-enacts-key-income-tax-changes)

#### Maryland

For prizes over $5,000 the Maryland Lottery withholds 9.5% combined state and local tax for Maryland residents, and 8.75% for nonresidents. Residents also owe county income tax based on where they live, and nonresidents who win with a Maryland ticket owe Maryland tax. Checked Sep 26, 2026.

- [Maryland Lottery - FAQs](https://www.mdlottery.com/about-us/faqs/)
- [Maryland Comptroller - Tax Alert: Gambling Winnings and Your Maryland Tax Obligations](https://www.marylandcomptroller.gov/content/dam/mdcomp/tax/legal-publications/alerts/tax-alert-gambling-winnings-and-your-maryland-tax-obligations.pdf)
- [Maryland Comptroller - Tax Alert (July 2025)](https://www.marylandcomptroller.gov/legal-library/ta-01-jul-2025.html)

#### Massachusetts

Massachusetts taxes lottery prizes as ordinary income at its 5% rate, and the 4% surtax on taxable income over about $1.08 million (indexed) brings the top rate on a jackpot to 9%. Checked Sep 26, 2026.

- [M.G.L. c. 62, s. 4: rates of tax (5% Part B; 4% additional tax, subsection (d))](https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section4)
- [2025 Form 1 instructions: 4% surtax on taxable income over $1,083,150 (mass.gov)](https://www.mass.gov/doc/2025-form-1-instructions/download)
- [PolicyEngine-US parameters: MA Part B rate and additional tax (statute-cited)](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/ma/tax/income/rates/additional.yaml)

#### Michigan

Michigan taxes lottery prizes at its flat 4.25% income tax rate, which the Treasury confirmed for 2026. Residents of cities with an income tax, such as Detroit, may owe city tax too; that is not included here. Checked Sep 26, 2026.

- [Michigan Treasury: 4.25% income tax rate for individuals in the 2026 tax year (Apr 15, 2026)](https://www.michigan.gov/treasury/reference/taxpayer-notices/2026/04/15/425-income-tax-rate-for-individuals-and-fiduciaries-in-2026-tax-year)
- [Michigan Income Tax Act, MCL 206.51](http://www.legislature.mi.gov/documents/mcl/pdf/mcl-act-281-of-1967.pdf)
- [PolicyEngine-US parameters: MI income tax rate](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/mi/tax/income/rate.yaml)

#### Minnesota

Minnesota taxes lottery prizes as ordinary income; a jackpot falls almost entirely in the 9.85% top bracket. Checked Sep 26, 2026.

- [Minn. Stat. 290.06, subd. 2c: schedules of rates for individuals](https://www.revisor.mn.gov/statutes/cite/290.06#stat.290.06.2c)
- [2025 Minnesota M1 instructions, tax rate schedules](https://www.revenue.state.mn.us/sites/default/files/2025-11/m1-inst-25_0.pdf)
- [PolicyEngine-US parameters: MN single rates](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/mn/tax/income/rates/single.yaml)

#### Mississippi

Mississippi cut its income tax rate to 4.0% on income over $10,000 for 2026. Whether the Mississippi Lottery applies a special rate to prizes could not be confirmed, so the 4.0% income tax rate is used. **Not fully confirmed:** 2026 rate confirmed from statute via PolicyEngine and Tax Foundation. Lottery-specific treatment (reported special 3% withholding) NOT confirmed. Checked Sep 26, 2026.

- [Miss. Code Ann. 27-7-5 (income tax rates)](https://law.justia.com/codes/mississippi/title-27/chapter-7/article-1/section-27-7-5/)
- [Mississippi DOR: tax rates, exemptions and deductions](https://www.dor.ms.gov/individual/tax-rates)
- [PolicyEngine-US parameters: MS income tax rate (4.0% from 2026-01-01)](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/ms/tax/income/rate.yaml)

#### Missouri

Missouri taxes lottery prizes as ordinary income; the top rate of 4.7% applies to almost all of a jackpot. Kansas City and St. Louis earnings taxes apply to wages and business profits, not lottery prizes. Checked Sep 26, 2026.

- [RSMo 143.011: resident individual tax rates and reductions](https://revisor.mo.gov/main/OneSection.aspx?section=143.011)
- [2025 MO-1040 instructions, tax chart](https://dor.mo.gov/forms/MO-1040%20Instructions_2025.pdf)
- [PolicyEngine-US parameters: MO rates](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/mo/tax/income/rates.yaml)

#### Montana

Montana taxes lottery winnings as ordinary income. For 2026 the top rate fell from 5.9% to 5.65%, and it applies to taxable income over $47,500 for a single filer. The lottery withholds state tax from prizes over $5,000. Checked Sep 26, 2026.

- [Montana Lottery - Claim your prize](https://montanalottery.com/claim-your-prize/)
- [MCA 15-30-2522 Withholding of lottery winnings](https://mca.legmt.gov/bills/mca/title_0150/chapter_0300/part_0250/section_0220/0150-0300-0250-0220.html)
- [Montana DOR - HB 337](https://revenue.mt.gov/news/recent-news/HB-337)
- [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/)
- [PolicyEngine-US parameter (MT single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/mt/tax/income/main/single.yaml)

#### Nebraska

Nebraska cut its top rate from 5.2% to 4.55% for 2026, and it applies to taxable income over $24,760 for a single filer. The lottery withholds 3.5% state tax from prizes over $5,000, for residents and nonresidents alike. Checked Sep 26, 2026.

- [Nebraska Lottery - Claim Prizes](https://m.nelottery.com/homeapp/claimprizes)
- [Nebraska DOR - 2026 Circular EN (withholding)](https://revenue.nebraska.gov/sites/default/files/doc/business/Cir_En_2025/2026cir_en_whole.pdf)
- [Nebraska DOR - Quick Overview of Nebraska Lottery and Raffle Laws](https://revenue.nebraska.gov/sites/default/files/doc/gaming/Lottery_Raffle_ppt_color_10-2017.pdf)
- [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/)
- [PolicyEngine-US parameter (NE single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ne/tax/income/rates/single.yaml)

#### Nevada

Nevada has no state lottery and no personal income tax. Residents who win another state's lottery owe only federal tax, plus any tax the ticket-selling state charges nonresidents. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### New Hampshire

New Hampshire has no tax on wages or lottery winnings. Its Interest and Dividends Tax was repealed from January 1, 2025, so only federal tax applies. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- [NH DRA - Repeal of NH Interest and Dividends Tax Now in Effect](https://www.revenue.nh.gov/news-and-media/repeal-nh-interest-and-dividends-tax-now-effect)

#### New Jersey

New Jersey taxes a New Jersey Lottery prize only if that single prize is over $10,000. When it is, the whole prize is taxable, with a top rate of 10.75% on income over $1 million. The lottery withholds 5% from prizes of $10,001 to $500,000 and 8% from prizes over $500,000, and nonresidents are taxed the same way. Checked Sep 26, 2026.

- [NJ Lottery - Claim a Prize/Tax Requirements](https://www.njlottery.com/en-us/playertools/claimprize.html)
- [NJ Division of Taxation - Lottery and Gambling Winnings](https://www.nj.gov/treasury/taxation/lotterygamblingwinnings.shtml)
- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- [PolicyEngine-US parameter (NJ single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nj/tax/income/main/single.yaml)

#### New Mexico

New Mexico taxes lottery winnings as ordinary income, with a top rate of 5.9% on taxable income over $210,000 for a single filer. The New Mexico Lottery withholds 6% state tax from prizes over $5,000. Checked Sep 26, 2026.

- [New Mexico Lottery - Winners/Claiming Prizes](https://www.nmlottery.com/2021/10/14/winners-claiming-prizes/)
- [Tax Foundation - New Mexico](https://taxfoundation.org/location/new-mexico/)
- [PolicyEngine-US parameter (NM single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nm/tax/income/main/single.yaml)

#### New York

New York taxes lottery winnings at up to 10.9%. Because of its tax-benefit recapture, a very large jackpot is in effect taxed at 10.9% on the whole amount. The lottery withholds 10.9% state tax from prizes over $5,000, plus 3.876% for NYC residents or 1.82575% for Yonkers residents. Nonresidents who win more than $5,000 on a ticket bought in New York also owe New York tax. Checked Sep 26, 2026.

- [NY DTF - Publication 140-W, FAQs for New York State Lottery Winners](https://www.tax.ny.gov/pdf/publications/income/pub140w.pdf)
- [NY DTF - NYS-50-T-NYS (1/26) Withholding Tax Tables and Methods](https://www.tax.ny.gov/pdf/publications/withholding/nys50_t_nys.pdf)
- [NY DTF - New York source income of nonresident individuals](https://www.tax.ny.gov/pubs_and_bulls/tg_bulletins/pit/ny_source_income_nonresident.htm)
- [Anchin - New York State FY2026 budget (high-income rates extended through 2032)](https://www.anchin.com/articles/new-york-states-2026-fiscal-year-budget-finally-passes/)
- [PolicyEngine-US parameter (NY single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ny/tax/income/main/single.yaml)
- [PolicyEngine-US - NYC single rates](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/local/ny/nyc/tax/income/rates/single.yaml)
- [PolicyEngine-US - Yonkers resident surcharge rate](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/local/ny/yonkers/tax/income/resident_surcharge_rate.yaml)

#### North Carolina

North Carolina's flat income tax fell to 3.99% for 2026. By law (G.S. 105-163.2B) the NC Education Lottery withholds state tax from any prize of $600 or more, which is a lower threshold than most states. Checked Sep 26, 2026.

- [NC Education Lottery - Claim Prizes](https://nclottery.com/claimprizes)
- [G.S. 105-163.2B (lottery withholding)](https://www.ncleg.gov/enactedlegislation/statutes/html/bysection/chapter_105/gs_105-163.2b.html)
- [NCDOR - Tax Rate Schedules](https://www.ncdor.gov/taxes-forms/individual-income-tax/tax-rate-schedules)
- [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/)
- [PolicyEngine-US parameter (NC rate; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nc/tax/income/rate.yaml)

#### North Dakota

North Dakota has low rates: 0%, 1.95% and a top rate of 2.5% on taxable income over about $250,400 for a single filer in 2026. The lottery withholds 2.5% from prizes over $5,000. Checked Sep 26, 2026.

- [North Dakota Lottery - Claim Your Prize](https://www.lottery.nd.gov/winners/claim-your-prize)
- [ND Tax Commissioner - 2026 Withholding Rates & Instructions](https://www.tax.nd.gov/sites/www/files/documents/forms/individual/2026-iit/2026-income-tax-withholding-rates-booklet.pdf)
- [Tax Foundation - North Dakota](https://taxfoundation.org/location/north-dakota/)
- [PolicyEngine-US parameter (ND single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nd/tax/income/rates/single.yaml)

#### Ohio

Ohio moved to a flat 2.75% income tax in 2026, on income above $26,050. The Ohio Lottery withholds 2.75% from reportable prizes. Many Ohio cities, such as Columbus at 2.5%, also tax lottery winnings, and nonresidents owe Ohio tax on Ohio Lottery prizes. Checked Sep 26, 2026.

- [ORC 5747.062 - Withholding from state lottery winnings](https://codes.ohio.gov/ohio-revised-code/section-5747.062)
- [ORC 718.031 - Municipal withholding from casino, lottery, sports gaming winnings](https://codes.ohio.gov/ohio-revised-code/section-718.031)
- [Ohio Lottery - How To Claim](https://www.ohiolottery.com/claiming/how-to-claim)
- [Ohio IT 1040 instructions 2025 (nonresidents with Ohio lottery winnings must file)](https://dam.assets.ohio.gov/image/upload/tax.ohio.gov/forms/ohio_individual/individual/2025/it1040-booklet.pdf)
- [GBQ - Ohio budget bill HB 96 enacts flat income tax](https://www.gbq.com/resources/ohio-budget-bill-enacts-flat-income-tax-other-changes)
- [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/)
- [PolicyEngine-US parameter (OH rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/oh/tax/income/rates.yaml)

#### Oklahoma

Under HB 2764, Oklahoma cut its top rate from 4.75% to 4.5% for 2026, and it applies to taxable income over $7,200 for a single filer. Lottery winnings are taxed as ordinary income. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/)
- [PolicyEngine-US parameter (OK single rates; cites HB 2764 enrolled text; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ok/tax/income/rates/single.yaml)

#### Oregon

Oregon taxes lottery winnings at up to 9.9% on taxable income over $125,000. Winners living in the Portland area may also owe the Metro SHS tax (1%) and the Multnomah County Preschool for All tax (1.5% to 3%). Checked Sep 26, 2026.

- [Oregon DOR - 2025 Form OR-40 instructions](https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf)
- [PolicyEngine-US parameter (OR single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/or/tax/income/rates/single.yaml)
- [PolicyEngine-US - Multnomah County PFA rates](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/local/or/multnomah_county/tax/income/pfa/rates/single.yaml)

#### Pennsylvania

Pennsylvania taxes lottery winnings at its flat 3.07% rate. Pennsylvania Lottery cash prizes have been taxable since January 1, 2016 (Act 84 of 2016); before that they were exempt. Local earned-income taxes do not apply to lottery winnings. Checked Sep 26, 2026.

- [PA DOR - 2025 PA-40 Instructions](https://www.pa.gov/content/dam/copapwp-pagov/en/revenue/documents/formsandpublications/formsforindividuals/pit/documents/2025/2025_pa-40in.pdf)
- [PolicyEngine-US parameter (PA rate; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/pa/tax/income/rate.yaml)
- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### Rhode Island

Rhode Island taxes lottery winnings at up to 5.99% on taxable income over $186,450 for a single filer in 2026. A new high-income surtax on income over $1 million starts in 2027, so it does not affect 2026. Checked Sep 26, 2026.

- [PolicyEngine-US parameter (RI rates (indexed); statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ri/tax/income/rate.yaml)
- [RI H 7127 Sub A (2026) - high-income surtax from 2027](https://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7127Aaa.html)
- [RIGL 44-30-2.6](https://law.justia.com/codes/rhode-island/2022/title-44/chapter-44-30/part-i/section-44-30-2-6/)

#### South Carolina

South Carolina's new two-bracket system for 2026 (H.4216) taxes income at 1.99% up to $30,000 and 5.21% above that, so nearly all of a jackpot is taxed at 5.21%. Checked Sep 26, 2026.

- [SC H.4216 (2025-2026) - Section 12-6-510](https://www.scstatehouse.gov/sess126_2025-2026/bills/4216.htm)
- [PolicyEngine-US parameter (SC rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/sc/tax/income/rates.yaml)

#### South Dakota

South Dakota has no personal income tax, so lottery winners owe only federal tax. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### Tennessee

Tennessee has no personal income tax (the Hall tax on investment income ended in 2021), so lottery winners owe only federal tax. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### Texas

Texas has no personal income tax, so only federal tax applies to lottery winnings. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### Utah

Utah has no state lottery, but residents who win another state's lottery owe Utah's flat 4.45% income tax (cut from 4.5% for 2026). Utah generally gives a credit for tax paid to the state where the ticket was bought. Checked Sep 26, 2026.

- [PolicyEngine-US parameter (UT rate; cites SB60 (2026); statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ut/tax/income/rate.yaml)
- [Utah SB60 (2026) Income Tax Rate Amendments](https://le.utah.gov/~2026/bills/static/SB0060.html)

#### Vermont

Vermont taxes lottery winnings at up to 8.75%, on taxable income over about $250,000 for a single filer. Vermont sells Powerball and Mega Millions through the Vermont Lottery. Checked Sep 26, 2026.

- [Vermont DOT - 2025 Income Tax Rate Schedules](https://tax.vermont.gov/sites/tax/files/documents/RateSched-2025.pdf)
- [PolicyEngine-US parameter (VT single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/vt/tax/income/rates/single.yaml)

#### Virginia

Virginia taxes lottery winnings at up to 5.75% on taxable income over $17,000, so a jackpot is taxed at essentially 5.75%. The Virginia Lottery withholds less than that at claim, which leaves more state tax due at filing. Checked Sep 26, 2026.

- [Virginia Tax - 2025 Form 760 instructions](https://www.tax.virginia.gov/sites/default/files/vatax-pdf/2025-760-instructions.pdf)
- [PolicyEngine-US parameter (VA rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/va/tax/income/rates.yaml)

#### Washington

Washington has no personal income tax for 2026. Its capital gains excise tax does not apply to lottery winnings, so only federal tax applies. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

#### West Virginia

West Virginia cut its rates again for 2026 (SB 392). The top rate is 4.58% on taxable income over $60,000. Lottery winnings are taxed as ordinary income. Checked Sep 26, 2026.

- [PolicyEngine-US parameter (WV single rates; cites SB 392 (2026); statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/wv/tax/income/rates/single.yaml)
- [WV SB 392 (2026) enrolled](https://www.wvlegislature.gov/Bill_Text_HTML/2026_SESSIONS/RS/bills/sb392%20sub1%20enr.pdf)

#### Wisconsin

Wisconsin taxes lottery winnings at up to 7.65%, on taxable income over $332,720 for a single filer in 2026. The Wisconsin Lottery withholds state tax from large prizes at claim. Checked Sep 26, 2026.

- [Wisconsin DOR - 2026 Form 1-ES instructions](https://www.revenue.wi.gov/TaxForms2026/2026-Form1-ES-Inst.pdf)
- [PolicyEngine-US parameter (WI single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/wi/tax/income/rates/single.yaml)

#### Wyoming

Wyoming has no personal income tax, so only federal tax applies. The Wyoming Lottery (WyoLotto) sells Powerball and Mega Millions. Checked Sep 26, 2026.

- [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

## About Lottery After Taxes

Source: https://lotteryaftertaxes.com/about/

Lottery After Taxes answers one question on its own page for every state and jackpot size: how much of a lottery jackpot would you actually keep after taxes?

Every figure is computed from official numbers: the IRS brackets and withholding rules for 2026, each state's income tax rules for lottery prizes, the game rules published by Powerball and Mega Millions, and the official cash values of the current jackpots. Each value in our data files carries its source and the date it was checked, and the [sources page](https://lotteryaftertaxes.com/sources/) lists them all.

### Who maintains it

**Editorial team**, Tax data and methodology. Maintains the federal, state and game-rule data behind every figure on this site and reviews each rule against the official source.

Lottery After Taxes is published by Pablo Bravo Villanueva (details in the [legal notice](https://lotteryaftertaxes.com/legal-notice/)).

### What we do not do

We do not sell tickets, link to ticket sellers or betting sites, or publish odds tips or "lucky number" content. The site is a tax reference. It earns money from display advertising.

### How the numbers are made

In short: federal tax uses the progressive 2026 brackets on top of the 24% withheld at claim; state tax applies the state's rate on lottery prizes, including exemptions and the New York City and Yonkers add-ons; the annuity is 30 payments rising 5% a year that add up to the advertised jackpot, each taxed in its own year. The full method, with every assumption, is on the [methodology page](https://lotteryaftertaxes.com/methodology/).

### Corrections

If a rate looks wrong or a rule has changed, please [tell us](https://lotteryaftertaxes.com/contact/) with a link to the official source. Changes are logged in the [changelog](https://lotteryaftertaxes.com/changelog/).

## Reference data

Every figure on the site is computed from these values. Each carries its sources and the date it was checked.

### Federal income tax on lottery prizes (2026)

Prizes are ordinary income. Taxable income (after the standard deduction) where each rate starts:

| Rate | Single filer | Married filing jointly | Married filing separately | Head of household |
| --- | --- | --- | --- | --- |
| 10% | $0 | $0 | $0 | $0 |
| 12% | $12,400 | $24,800 | $12,400 | $17,700 |
| 22% | $50,400 | $100,800 | $50,400 | $67,450 |
| 24% | $105,700 | $211,400 | $105,700 | $105,700 |
| 32% | $201,775 | $403,550 | $201,775 | $201,750 |
| 35% | $256,225 | $512,450 | $256,225 | $256,200 |
| 37% | $640,600 | $768,700 | $384,350 | $640,600 |
| Standard deduction | $16,100 | $32,200 | $16,100 | $24,150 |

- Withholding at claim: 24% of the whole prize when proceeds (prize minus the ticket price) are more than $5,000. IRC 3402(q) regular gambling withholding: 24% on lottery, sweepstakes and wagering-pool winnings when proceeds (payout minus the amount wagered) are more than $5,000. Once triggered, 24% is withheld on the total proceeds, not just the part above $5,000. Annuity payments are also withheld at 24% each. Withholding is a prepayment only; the winner owes their actual marginal rate (up to 37%) when filing. The OBBBA $2,000 change affects reporting and backup withholding, NOT the $5,000 regular lottery withholding trigger.
- Form W-2G, lottery: $2,000. 2026: winnings of $2,000 or more AND at least 300x the wager (up from $600 before 2026). OBBBA sec. 70433 raised the general 'minimum threshold amount' from $600 to $2,000 for payments after 2025, inflation-indexed after 2026. A W-2G is also required whenever 24% regular withholding applies (proceeds > $5,000).
- Form W-2G, sports wagering and other wagers: $2,000. Same $2,000 minimum threshold plus the 300x-wager test (was $600).
- Form W-2G, slot machines: $2,000. Was $1,200 (since 1977). IRS W-2G instructions (Rev. Jan 2026): $2,000 for calendar year 2026, inflation-adjusted later. Wager not subtracted.
- Form W-2G, bingo: $2,000. Was $1,200. $2,000 for 2026 per IRS W-2G instructions. Wager not subtracted.
- Form W-2G, keno: $2,000. Was $1,500. IRS W-2G instructions name bingo, keno and slots together at $2,000 for 2026, measured net of the wager. UNCERTAIN: one secondary source said keno was unchanged at $1,500; the IRS text found in search supports $2,000.
- Form W-2G, poker tournament: $5,000. More than $5,000 net (prize minus buy-in). Unchanged for 2026 per secondary sources.
- Sources (checked September 26, 2026): [Rev. Proc. 2025-32](https://www.irs.gov/pub/irs-drop/rp-25-32.pdf); [IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill (IRS newsroom)](https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill); [KPMG TaxNewsFlash: Rev. Proc. 2025-32 inflation adjustments for 2026](https://kpmg.com/us/en/taxnewsflash/news/2025/10/tnf-rev-proc-2025-32-inflation-adjustments-for-2026-individual-taxpayers.html); [TIAA 2026 quick tax reference guide](https://www.tiaa.org/public/pdf/q/quick_tax_reference_guide.pdf); [CFP Board exam tax tables 2026](https://www.cfp.net/-/media/files/cfp-board/cfp-certification/exam/exam-tax-table.pdf); [2026 Tax Brackets and Federal Income Tax Rates (Tax Foundation)](https://taxfoundation.org/data/all/federal/2026-tax-brackets/); [Publication 505 (2026), Tax Withholding and Estimated Tax](https://www.irs.gov/publications/p505); [Publication 505 - Gambling Winnings (IRS Tax Map)](https://taxmap.irs.gov/taxmap/pubs/p505-006.htm); [Instructions for Forms W-2G and 5754 (Rev. January 2026)](https://www.irs.gov/instructions/iw2g); [IRS confirms $2000 slot jackpot threshold begins in 2026 (CDC Gaming)](https://cdcgaming.com/brief/irs-confirms-2000-slot-jackpot-threshold-begins-in-2026/); [IRS reporting thresholds change in 2026 for gambling income (NATP)](https://www.natptax.com/news-insights/blog/irs-reporting-thresholds-change-in-2026-for-gambling-income/); [Form W-2G Reporting Thresholds by Gambling Type for 2026 (BoomTax)](https://boomtax.com/w-2g/form-w-2g-reporting-thresholds); [US Poker Taxes 2026 (PokerCharts)](https://pokercharts.com/en/blog/poker-taxes-us-2026)

### State tax on lottery prizes (all 50 states and DC)

Rule: no_income_tax (no personal income tax), exempt (lottery prizes not taxed), flat (one rate), progressive (the top rate is applied to the whole prize). "Own lottery exempt" means prizes from tickets bought in that state are not taxed there.

| State | Code | Page slug | Rule | Rate on the prize | Own lottery exempt | Withheld at claim | Taxes non-residents | Sells tickets | Rule confirmed | Checked |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Alabama | AL | alabama | progressive | 5% | no | 0% (not confirmed) | unknown | no | yes | 2026-09-26 |
| Alaska | AK | alaska | no_income_tax | 0% | no | 0% | no | no | yes | 2026-09-26 |
| Arizona | AZ | arizona | flat | 2.5% | no | 2.5% | yes | yes | yes | 2026-09-26 |
| Arkansas | AR | arkansas | progressive | 3.7% | no | 3.7% | yes | yes | yes | 2026-09-26 |
| California | CA | california | progressive | 13.3% | yes | 0% | no | yes | yes | 2026-09-26 |
| Colorado | CO | colorado | flat | 4.4% | no | 4% | yes | yes | yes | 2026-09-26 |
| Connecticut | CT | connecticut | progressive | 6.99% | no | 6.99% | yes | yes | yes | 2026-09-26 |
| Delaware | DE | delaware | progressive | 6.6% | no | 0% | no | yes | no | 2026-09-26 |
| District of Columbia | DC | district-of-columbia | progressive | 10.75% | no | 8.5% | no | yes | yes | 2026-09-26 |
| Florida | FL | florida | no_income_tax | 0% | no | 0% | no | yes | yes | 2026-09-26 |
| Georgia | GA | georgia | flat | 4.99% | no | 4.99% | yes | yes | yes | 2026-09-26 |
| Hawaii | HI | hawaii | progressive | 11% | no | 0% (not confirmed) | unknown | no | yes | 2026-09-26 |
| Idaho | ID | idaho | flat | 5.3% | no | 5.3% | yes | yes | yes | 2026-09-26 |
| Illinois | IL | illinois | flat | 4.95% | no | 4.95% | yes | yes | yes | 2026-09-26 |
| Indiana | IN | indiana | flat | 2.95% | no | 2.95% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Iowa | IA | iowa | flat | 3.8% | no | 3.8% | yes | yes | yes | 2026-09-26 |
| Kansas | KS | kansas | progressive | 5.58% | no | 5% | yes | yes | yes | 2026-09-26 |
| Kentucky | KY | kentucky | flat | 3.5% | no | 0% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Louisiana | LA | louisiana | flat | 3% | no | 3% | yes | yes | yes | 2026-09-26 |
| Maine | ME | maine | progressive | 9.15% | no | 7.15% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Maryland | MD | maryland | progressive | 6.5% | no | 9.5% | yes | yes | yes | 2026-09-26 |
| Massachusetts | MA | massachusetts | progressive | 9% | no | 0% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Michigan | MI | michigan | flat | 4.25% | no | 0% (not confirmed) | unknown | yes | yes | 2026-09-26 |
| Minnesota | MN | minnesota | progressive | 9.85% | no | 0% (not confirmed) | unknown | yes | yes | 2026-09-26 |
| Mississippi | MS | mississippi | flat | 4% | no | 0% (not confirmed) | unknown | yes | no | 2026-09-26 |
| Missouri | MO | missouri | progressive | 4.7% | no | 0% (not confirmed) | unknown | yes | yes | 2026-09-26 |
| Montana | MT | montana | progressive | 5.65% | no | 5.65% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Nebraska | NE | nebraska | progressive | 4.55% | no | 3.5% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Nevada | NV | nevada | no_income_tax | 0% | no | 0% | no | no | yes | 2026-09-26 |
| New Hampshire | NH | new-hampshire | no_income_tax | 0% | no | 0% | no | yes | yes | 2026-09-26 |
| New Jersey | NJ | new-jersey | progressive | 10.75% | no | 8% | yes | yes | yes | 2026-09-26 |
| New Mexico | NM | new-mexico | progressive | 5.9% | no | 6% | yes | yes | yes | 2026-09-26 |
| New York | NY | new-york | progressive | 10.9% | no | 10.9% | yes | yes | yes | 2026-09-26 |
| North Carolina | NC | north-carolina | flat | 3.99% | no | 3.99% | yes | yes | yes | 2026-09-26 |
| North Dakota | ND | north-dakota | progressive | 2.5% | no | 2.5% | yes | yes | yes | 2026-09-26 |
| Ohio | OH | ohio | flat | 2.75% | no | 2.75% | yes | yes | yes | 2026-09-26 |
| Oklahoma | OK | oklahoma | progressive | 4.5% | no | 4.5% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Oregon | OR | oregon | progressive | 9.9% | no | 8% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Pennsylvania | PA | pennsylvania | flat | 3.07% | no | 3.07% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Rhode Island | RI | rhode-island | progressive | 5.99% | no | 5.99% (not confirmed) | yes | yes | yes | 2026-09-26 |
| South Carolina | SC | south-carolina | progressive | 5.21% | no | 0% (not confirmed) | yes | yes | yes | 2026-09-26 |
| South Dakota | SD | south-dakota | no_income_tax | 0% | no | 0% | no | yes | yes | 2026-09-26 |
| Tennessee | TN | tennessee | no_income_tax | 0% | no | 0% | no | yes | yes | 2026-09-26 |
| Texas | TX | texas | no_income_tax | 0% | no | 0% | no | yes | yes | 2026-09-26 |
| Utah | UT | utah | flat | 4.45% | no | 0% (not confirmed) | no | no | yes | 2026-09-26 |
| Vermont | VT | vermont | progressive | 8.75% | no | 6% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Virginia | VA | virginia | progressive | 5.75% | no | 4% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Washington | WA | washington | no_income_tax | 0% | no | 0% | no | yes | yes | 2026-09-26 |
| West Virginia | WV | west-virginia | progressive | 4.58% | no | 0% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Wisconsin | WI | wisconsin | progressive | 7.65% | no | 7.65% (not confirmed) | yes | yes | yes | 2026-09-26 |
| Wyoming | WY | wyoming | no_income_tax | 0% | no | 0% | no | yes | yes | 2026-09-26 |

#### Notes and sources by state

- **Alabama (AL).** Alabama has no state lottery, so residents must buy Powerball or Mega Millions tickets in another state. Prizes won by Alabama residents are still taxable Alabama income, at rates up to 5%. Lottery bills (SB257, HB448) died in the 2026 session. Sources: [Alabama DOR - Income to Be Reported on the Alabama Income Tax Return](https://www.revenue.alabama.gov/individual-corporate/income-to-be-reported-on-the-alabama-income-tax-return/); [Alabama Reflector - Alabama Legislature 2026: A 'get in, get out' session that wasn't](https://alabamareflector.com/2026/04/13/alabama-legislature-2026-a-get-in-get-out-session-that-wasnt/); [Fox10 - Clock winds down on Alabama legislative session as gambling, lottery bills stall](https://www.fox10tv.com/2026/03/06/clock-winds-down-alabama-legislative-session-gambling-lottery-bills-stall/); [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **Alaska (AK).** Alaska has no personal income tax, so only federal tax applies to a prize won by an Alaska resident. Alaska also has no state lottery, so residents must buy tickets in another state. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **Arizona (AZ).** Arizona taxes lottery prizes at its flat 2.5% income tax rate. A 2025 law (SB 1274) set gambling withholding at the top individual rate, currently 2.5%. Nonresidents who win with a ticket bought in Arizona owe Arizona tax on it as Arizona-source income. Sources: [Arizona Lottery winner brochure](https://www.arizonalottery.com/media/1066/arizona-lottery-winner-brochure.pdf); [Sovos - Arizona Lowers Gambling Withholding Rate to 2.5%](https://sovos.com/regulatory-updates/trr/arizona-lowers-gambling-withholding-rate-to-2-5/); [A.R.S. 43-405 - Extension of withholding to gambling winnings](https://www.azleg.gov/ars/43/00405.htm); [AZDOR private taxpayer ruling LR99-012 (lottery winnings and residency)](https://azdor.gov/sites/default/files/2023-03/RULINGS_INDIV_1999_lr99-012.pdf)
- **Arkansas (AR).** Arkansas cut its top income tax rate to 3.7% retroactive to January 1, 2026 (Act 1 of the 2026 special session, signed May 2026). The Arkansas Scholarship Lottery withholds 3.7% state tax on prizes over $5,000. Sources: [Arkansas Scholarship Lottery - Claim Your Prize](https://playershub.myarkansaslottery.com/claim); [Tax Foundation - Arkansas Cuts Income Tax Rates for the Fourth Time in Four Years](https://taxfoundation.org/blog/arkansas-income-tax-cut-rates/); [Talk Business & Politics - Governor signs tax cuts into law](https://talkbusiness.net/2026/05/governor-signs-tax-cuts-into-law/); [Arkansas House - Tax Cuts Passed in Special Session](https://www.arkansashouse.org/news/post/35262/tax-cuts-passed-in-special-session/)
- **California (CA).** California does not tax California Lottery prizes, including Powerball and Mega Millions tickets bought in California, so only federal tax applies. A California resident who wins with a ticket bought in another state owes California tax at up to 13.3% (12.3% top bracket plus 1% Behavioral/Mental Health Services Tax on income over $1 million). Sources: [FTB - Gambling](https://www.ftb.ca.gov/file/personal/income-types/gambling.html); [Kiplinger - These States Won't Tax Your Lottery Winnings](https://www.kiplinger.com/taxes/these-states-wont-tax-your-powerball-winnings); [California 2026 Tax Brackets - Top Rate 13.3% (Breakeven)](https://www.breakeven.tax/brackets/2026/california)
- **Colorado (CO).** Colorado taxes lottery prizes at its flat 4.4% income tax rate. The Colorado Lottery withholds only 4% on prizes over $5,000, so a little more is due at filing. Nonresidents must file a Colorado return on Colorado-source winnings. Sources: [Colorado Lottery - Financial Counsel](https://www.coloradolottery.com/en/winners/financial-counsel/); [Colorado Lottery - Claiming Prizes](https://www.coloradolottery.com/en/winners/claiming-prizes/); [Colorado DOR - Income Tax Topics: Part-Year Residents & Nonresidents](https://tax.colorado.gov/income-tax-topics-part-year-residents-nonresidents)
- **Connecticut (CT).** Connecticut withholds 6.99% state income tax from CT Lottery prizes over $5,000, and from prizes of $600 or more that are at least 300 times the wager, whatever the winner's state of residence. Jackpots are taxed at Connecticut's 6.99% top rate, which starts above $500,000 for single filers. Sources: [CT Lottery - Tax Information](https://www.ctlottery.org/taxinformation); [CT DRS IP 2015(23) - Income Tax Treatment of State Lottery Winnings Received by Residents and Nonresidents](https://portal.ct.gov/DRS/Publications/Informational-Publications/2015/IP-201523-Connecticut-Income-Tax-Treatment-of-State-Lottery-Winnings-Received-by-Residents-and-Nonre); [Connecticut Tax Brackets 2026](https://ustax.tools/connecticut-tax-brackets-2026/)
- **Delaware (DE).** The Delaware Lottery says all winning Delaware Lottery tickets are subject to Delaware income tax (top rate 6.6%), but it does not withhold state tax at claim. It withholds only 24% federal tax on prizes over $5,000, so Delaware residents should plan to pay the state tax when they file. Sources: [Delaware Lottery - FAQs](https://www.delottery.com/FAQs); [Delaware Lottery - Claim Prizes](https://www.delottery.com/Claim-Prizes); [Tax Foundation - Lottery Tax Rates Vary Greatly By State](https://taxfoundation.org/data/all/state/lottery-tax-rates-vary-greatly-state-0/); [Delaware Code Title 30 s.1124 (nonresident source income)](https://codes.findlaw.com/de/title-30-state-taxes/de-code-sect-30-1124/)
- **District of Columbia (DC).** DC taxes residents' lottery prizes at rates up to 10.75% on taxable income over $1 million, but the DC Lottery withholds only 8.5% on prizes over $5,000, so more is due at filing. Federal Home Rule rules bar DC from taxing nonresidents' personal income. Non-DC winners can reclaim any DC tax withheld with Form D-40B. Sources: [DC Lottery - Claiming a DC Lottery Prize](https://lottery.dc.gov/page/claiming-dc-lottery-prize); [DC Lottery - Player FAQs](https://dclottery.com/player-faqs); [Tax Foundation - 2026 DC Tax Rates & Rankings](https://taxfoundation.org/location/the-district-of-columbia/); [DC OTR - Form D-40B Nonresident Request for Refund](https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40B_Form_012026.pdf)
- **Florida (FL).** Florida has no personal income tax, so only federal tax applies. The Florida Lottery withholds 24% federal tax on prizes over $5,000 (30% without a valid SSN), and jackpot winners owe more at filing because of the 37% top bracket. Sources: [Florida Lottery - Winning FAQ](https://floridalottery.com/help/faqs/winning-faq); [Florida Lottery - Winner's Guide](https://floridalottery.com/winning/guide); [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **Georgia (GA).** Georgia's flat income tax rate fell from 5.19% to 4.99% for tax year 2026 (HB 463, signed May 11, 2026). The Georgia Lottery withholds 4.99% state tax on prizes over $5,000. Georgia lottery winnings are Georgia-source income for nonresidents. Sources: [Georgia Lottery - Player FAQs](https://www.galottery.com/en-us/player-zone/player-faqs.html); [Gov. Kemp - Signs Legislation Lowering Taxes (May 11, 2026)](https://gov.georgia.gov/press-releases/2026-05-11/gov-kemp-signs-legislation-lowering-taxes-and-supporting-economic-growth); [Georgia DOR - Filing Residents, Nonresidents, and Part-Year Residents FAQ](https://dor.georgia.gov/filing-residents-nonresidents-and-part-year-residents-faq); [Ga. Comp. R. & Regs. 560-7-8-.39 - Withholding on proceeds paid by the Georgia Lottery](https://www.law.cornell.edu/regulations/georgia/Ga-Comp-R-Regs-R-560-7-8-.39)
- **Hawaii (HI).** Hawaii bans all gambling and has no lottery, so residents must buy tickets out of state. Hawaii taxes residents on all income wherever earned, including lottery prizes, at rates up to 11%, the highest top rate after California. Sources: [KHON2 - Hawaii residents can buy Powerball lottery tickets, but winnings will be taxed](https://www.khon2.com/local-news/hawaii-residents-can-buy-powerball-lottery-tickets-but-winnings-will-be-taxed/); [Hawaii Tax Review Commission - Legislative Update (May 26, 2026)](https://files.hawaii.gov/tax/stats/trc/docs2025/2026-05-Karacaovali_Presentation_TRC_Legislative_Update.pdf); [Gambling Insider - Hawaii Gambling Bills Resurface in 2026](https://www.gamblinginsider.com/news/106541/hawaii-gambling-bills-2026)
- **Idaho (ID).** Idaho taxes lottery prizes at its flat 5.3% rate (cut from 5.695% by HB 40 in 2025). The Idaho Lottery automatically withholds 24% federal and 5.3% state tax on prizes over $5,000. Sources: [Idaho Lottery - General FAQs](https://www.idaholottery.com/pages/faqs); [Idaho Lottery - Winner Guidebook](https://www.idaholottery.com/images/uploads/general/winnersguideweb.pdf); [Idaho Code 63-3035A - State income tax withholding on lottery winnings](https://legislature.idaho.gov/statutesrules/idstat/title63/t63ch30/sect63-3035a/); [Idaho State Tax Commission - Individual Income Tax Rate Schedule](https://tax.idaho.gov/taxes/income-tax/individual-income/individual-income-tax-rate-schedule/)
- **Illinois (IL).** Illinois taxes lottery prizes at its flat 4.95% rate and withholds 4.95% state tax on Illinois Lottery prizes of $1,000 or more, for residents and nonresidents alike. Nonresidents who win with an Illinois ticket owe Illinois tax. Sources: [Illinois Lottery - Winner Handbook](https://www.illinoislottery.com/content/dam/il/pdfs/winning/WinnersHandbook_Aug2023.pdf); [86 Ill. Adm. Code 100.7036 - Withholding of Lottery, Gambling and Wagering Winnings](https://ilga.gov/ftp/JCAR/AdminCode/086/086001000S70360R.html); [IDOR Pub-130 - Withholding from Employees and Lottery or Gambling Winners](https://tax.illinois.gov/research/publications/pubs/who-is-required-to-withhold-illinois-income-tax/illinois-income-tax-forms-for-determining-withholding-from-employees-and-lottery-or-gambling-winners.html)
- **Indiana (IN).** Indiana's flat state rate is 2.95% for 2026, and Indiana residents also owe county income tax (about 0.5%-2.9% depending on county) on prizes. The Hoosier Lottery withholds state tax on prizes over $1,200 and federal tax on prizes over $5,000. Nonresidents owe Indiana state tax on Hoosier Lottery winnings. Sources: [Hoosier Lottery - Claiming your Prize](https://hoosierlottery.com/winners/how-to-claim-your-prize/); [Hoosier Lottery - Winner Resource FAQ (PDF)](https://hoosierlottery.com/getmedia/f8cb70f7-54b3-4f56-aac2-d40cefe1aa8b/03144_18_winner-resource-faq.pdf); [Indiana DOR - Rates, Fees & Penalties](https://www.in.gov/dor/resources/tax-rates-and-reports/rates-fees-and-penalties/); [Indiana Income Tax Information Bulletin 39 (nonresidents)](https://www.in.gov/dor/files/ib39.pdf); [Indiana Code 6-3-4-8.2 - Withholding; gambling winnings](https://law.justia.com/codes/indiana/title-6/article-3/chapter-4/section-6-3-4-8-2/)
- **Iowa (IA).** Iowa taxes lottery prizes at its flat 3.8% rate and requires 3.8% withholding on lottery winnings over $600. Nonresidents are not exempt from Iowa tax on Iowa lottery winnings. Sources: [Iowa DOR - Iowa Tax On Gambling](https://revenue.iowa.gov/taxes/tax-guidance/individual-income-tax/iowa-tax-gambling); [Iowa DOR - Iowa Withholding Tax Information](https://revenue.iowa.gov/taxes/tax-guidance/withholding-tax/iowa-withholding-tax-information)
- **Kansas (KS).** Kansas has two brackets: 5.2%, and 5.58% on taxable income over $23,000 for single filers, so jackpots are taxed at 5.58%. The Kansas Lottery withholds only 5% when federal withholding applies (prizes over $5,000), so extra state tax is due at filing. Nonresidents with Kansas winnings must file a Kansas nonresident return. Sources: [Kansas DOR - KW-100 Kansas Withholding Tax Guide](https://www.ksrevenue.gov/kw100.html); [K.S.A. 74-8720 (lottery prize withholding)](https://ksrevisor.gov/statutes/chapters/ch74/074_087_0020.html); [Kansas DOR - Selected Kansas Tax Rates](https://www.ksrevenue.gov/taxrates.html)
- **Kentucky (KY).** Kentucky's flat income tax rate fell to 3.5% on January 1, 2026, and lottery prizes are subject to it. Out-of-state winners who bought their ticket in Kentucky also owe Kentucky tax. Local occupational license taxes apply to wages and business net profits, not lottery winnings. Sources: [KRS 154A.130 - Verification rules and prize payments](https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3019); [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/); [Kentucky League of Cities - Occupational License Tax](https://www.klc.org/InfoCentral/Detail/31/occupational-license-tax)
- **Louisiana (LA).** Louisiana moved to a flat 3% individual income tax starting in 2025. The Louisiana Lottery withholds 24% federal tax on prizes over $5,000 and 3% state tax on prizes of $5,000 or more. Sources: [Louisiana Lottery - Claim a Prize](https://louisianalottery.com/players-guide/claim-a-prize/); [Louisiana DOR - What are the individual income tax rates and brackets?](https://revenue.louisiana.gov/tax-education-and-faqs/faqs/income-tax-reform/what-are-the-individual-income-tax-rates-and-brackets/); [Tax Foundation - 2026 Louisiana Tax Rates & Rankings](https://taxfoundation.org/location/louisiana/); [La. R.S. 47:9025](https://legis.la.gov/legis/Law.aspx?d=102674)
- **Maine (ME).** Starting in 2026, Maine adds a 2% surcharge on taxable income over $1,000,000 (single) on top of its 7.15% top bracket (over $64,850 single), for an effective top rate of 9.15% on a jackpot. The Maine State Lottery withholds 7.15% state tax on prizes over $5,000, so jackpot winners will owe more at filing. Sources: [Maine State Lottery - How to Claim a Prize](https://www.mainelottery.com/players_info/prizes.html); [Maine Revenue Services - 2026 Individual Income Tax Rate Schedule](https://www.maine.gov/revenue/sites/maine.gov.revenue/files/2026-05/ind_tax_rate_sched_2026_rev.pdf); [36 M.R.S. 5255-C - Withholding on certain gambling winnings](https://legislature.maine.gov/statutes/36/title36sec5255-C.html); [BerryDunn - Maine's 2026-2027 supplemental budget key income tax changes](https://www.berrydunn.com/news-detail/maines-2026-2027-supplemental-budget-enacts-key-income-tax-changes)
- **Maryland (MD).** For prizes over $5,000 the Maryland Lottery withholds 9.5% combined state and local tax for Maryland residents, and 8.75% for nonresidents. Residents also owe county income tax based on where they live, and nonresidents who win with a Maryland ticket owe Maryland tax. Sources: [Maryland Lottery - FAQs](https://www.mdlottery.com/about-us/faqs/); [Maryland Comptroller - Tax Alert: Gambling Winnings and Your Maryland Tax Obligations](https://www.marylandcomptroller.gov/content/dam/mdcomp/tax/legal-publications/alerts/tax-alert-gambling-winnings-and-your-maryland-tax-obligations.pdf); [Maryland Comptroller - Tax Alert (July 2025)](https://www.marylandcomptroller.gov/legal-library/ta-01-jul-2025.html)
- **Massachusetts (MA).** Massachusetts taxes lottery prizes as ordinary income at its 5% rate, and the 4% surtax on taxable income over about $1.08 million (indexed) brings the top rate on a jackpot to 9%. Sources: [M.G.L. c. 62, s. 4: rates of tax (5% Part B; 4% additional tax, subsection (d))](https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section4); [2025 Form 1 instructions: 4% surtax on taxable income over $1,083,150 (mass.gov)](https://www.mass.gov/doc/2025-form-1-instructions/download); [PolicyEngine-US parameters: MA Part B rate and additional tax (statute-cited)](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/ma/tax/income/rates/additional.yaml)
- **Michigan (MI).** Michigan taxes lottery prizes at its flat 4.25% income tax rate, which the Treasury confirmed for 2026. Residents of cities with an income tax, such as Detroit, may owe city tax too; that is not included here. Sources: [Michigan Treasury: 4.25% income tax rate for individuals in the 2026 tax year (Apr 15, 2026)](https://www.michigan.gov/treasury/reference/taxpayer-notices/2026/04/15/425-income-tax-rate-for-individuals-and-fiduciaries-in-2026-tax-year); [Michigan Income Tax Act, MCL 206.51](http://www.legislature.mi.gov/documents/mcl/pdf/mcl-act-281-of-1967.pdf); [PolicyEngine-US parameters: MI income tax rate](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/mi/tax/income/rate.yaml)
- **Minnesota (MN).** Minnesota taxes lottery prizes as ordinary income; a jackpot falls almost entirely in the 9.85% top bracket. Sources: [Minn. Stat. 290.06, subd. 2c: schedules of rates for individuals](https://www.revisor.mn.gov/statutes/cite/290.06#stat.290.06.2c); [2025 Minnesota M1 instructions, tax rate schedules](https://www.revenue.state.mn.us/sites/default/files/2025-11/m1-inst-25_0.pdf); [PolicyEngine-US parameters: MN single rates](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/mn/tax/income/rates/single.yaml)
- **Mississippi (MS).** Mississippi cut its income tax rate to 4.0% on income over $10,000 for 2026. Whether the Mississippi Lottery applies a special rate to prizes could not be confirmed, so the 4.0% income tax rate is used. Sources: [Miss. Code Ann. 27-7-5 (income tax rates)](https://law.justia.com/codes/mississippi/title-27/chapter-7/article-1/section-27-7-5/); [Mississippi DOR: tax rates, exemptions and deductions](https://www.dor.ms.gov/individual/tax-rates); [PolicyEngine-US parameters: MS income tax rate (4.0% from 2026-01-01)](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/ms/tax/income/rate.yaml)
- **Missouri (MO).** Missouri taxes lottery prizes as ordinary income; the top rate of 4.7% applies to almost all of a jackpot. Kansas City and St. Louis earnings taxes apply to wages and business profits, not lottery prizes. Sources: [RSMo 143.011: resident individual tax rates and reductions](https://revisor.mo.gov/main/OneSection.aspx?section=143.011); [2025 MO-1040 instructions, tax chart](https://dor.mo.gov/forms/MO-1040%20Instructions_2025.pdf); [PolicyEngine-US parameters: MO rates](https://github.com/PolicyEngine/policyengine-us/blob/53c82c6c52aacf15da1d7d54dc5dfbe36d4c4b6f/policyengine_us/parameters/gov/states/mo/tax/income/rates.yaml)
- **Montana (MT).** Montana taxes lottery winnings as ordinary income. For 2026 the top rate fell from 5.9% to 5.65%, and it applies to taxable income over $47,500 for a single filer. The lottery withholds state tax from prizes over $5,000. Sources: [Montana Lottery - Claim your prize](https://montanalottery.com/claim-your-prize/); [MCA 15-30-2522 Withholding of lottery winnings](https://mca.legmt.gov/bills/mca/title_0150/chapter_0300/part_0250/section_0220/0150-0300-0250-0220.html); [Montana DOR - HB 337](https://revenue.mt.gov/news/recent-news/HB-337); [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/); [PolicyEngine-US parameter (MT single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/mt/tax/income/main/single.yaml)
- **Nebraska (NE).** Nebraska cut its top rate from 5.2% to 4.55% for 2026, and it applies to taxable income over $24,760 for a single filer. The lottery withholds 3.5% state tax from prizes over $5,000, for residents and nonresidents alike. Sources: [Nebraska Lottery - Claim Prizes](https://m.nelottery.com/homeapp/claimprizes); [Nebraska DOR - 2026 Circular EN (withholding)](https://revenue.nebraska.gov/sites/default/files/doc/business/Cir_En_2025/2026cir_en_whole.pdf); [Nebraska DOR - Quick Overview of Nebraska Lottery and Raffle Laws](https://revenue.nebraska.gov/sites/default/files/doc/gaming/Lottery_Raffle_ppt_color_10-2017.pdf); [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/); [PolicyEngine-US parameter (NE single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ne/tax/income/rates/single.yaml)
- **Nevada (NV).** Nevada has no state lottery and no personal income tax. Residents who win another state's lottery owe only federal tax, plus any tax the ticket-selling state charges nonresidents. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **New Hampshire (NH).** New Hampshire has no tax on wages or lottery winnings. Its Interest and Dividends Tax was repealed from January 1, 2025, so only federal tax applies. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/); [NH DRA - Repeal of NH Interest and Dividends Tax Now in Effect](https://www.revenue.nh.gov/news-and-media/repeal-nh-interest-and-dividends-tax-now-effect)
- **New Jersey (NJ).** New Jersey taxes a New Jersey Lottery prize only if that single prize is over $10,000. When it is, the whole prize is taxable, with a top rate of 10.75% on income over $1 million. The lottery withholds 5% from prizes of $10,001 to $500,000 and 8% from prizes over $500,000, and nonresidents are taxed the same way. Sources: [NJ Lottery - Claim a Prize/Tax Requirements](https://www.njlottery.com/en-us/playertools/claimprize.html); [NJ Division of Taxation - Lottery and Gambling Winnings](https://www.nj.gov/treasury/taxation/lotterygamblingwinnings.shtml); [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/); [PolicyEngine-US parameter (NJ single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nj/tax/income/main/single.yaml)
- **New Mexico (NM).** New Mexico taxes lottery winnings as ordinary income, with a top rate of 5.9% on taxable income over $210,000 for a single filer. The New Mexico Lottery withholds 6% state tax from prizes over $5,000. Sources: [New Mexico Lottery - Winners/Claiming Prizes](https://www.nmlottery.com/2021/10/14/winners-claiming-prizes/); [Tax Foundation - New Mexico](https://taxfoundation.org/location/new-mexico/); [PolicyEngine-US parameter (NM single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nm/tax/income/main/single.yaml)
- **New York (NY).** New York taxes lottery winnings at up to 10.9%. Because of its tax-benefit recapture, a very large jackpot is in effect taxed at 10.9% on the whole amount. The lottery withholds 10.9% state tax from prizes over $5,000, plus 3.876% for NYC residents or 1.82575% for Yonkers residents. Nonresidents who win more than $5,000 on a ticket bought in New York also owe New York tax. Sources: [NY DTF - Publication 140-W, FAQs for New York State Lottery Winners](https://www.tax.ny.gov/pdf/publications/income/pub140w.pdf); [NY DTF - NYS-50-T-NYS (1/26) Withholding Tax Tables and Methods](https://www.tax.ny.gov/pdf/publications/withholding/nys50_t_nys.pdf); [NY DTF - New York source income of nonresident individuals](https://www.tax.ny.gov/pubs_and_bulls/tg_bulletins/pit/ny_source_income_nonresident.htm); [Anchin - New York State FY2026 budget (high-income rates extended through 2032)](https://www.anchin.com/articles/new-york-states-2026-fiscal-year-budget-finally-passes/); [PolicyEngine-US parameter (NY single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ny/tax/income/main/single.yaml); [PolicyEngine-US - NYC single rates](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/local/ny/nyc/tax/income/rates/single.yaml); [PolicyEngine-US - Yonkers resident surcharge rate](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/local/ny/yonkers/tax/income/resident_surcharge_rate.yaml)
- **North Carolina (NC).** North Carolina's flat income tax fell to 3.99% for 2026. By law (G.S. 105-163.2B) the NC Education Lottery withholds state tax from any prize of $600 or more, which is a lower threshold than most states. Sources: [NC Education Lottery - Claim Prizes](https://nclottery.com/claimprizes); [G.S. 105-163.2B (lottery withholding)](https://www.ncleg.gov/enactedlegislation/statutes/html/bysection/chapter_105/gs_105-163.2b.html); [NCDOR - Tax Rate Schedules](https://www.ncdor.gov/taxes-forms/individual-income-tax/tax-rate-schedules); [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/); [PolicyEngine-US parameter (NC rate; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nc/tax/income/rate.yaml)
- **North Dakota (ND).** North Dakota has low rates: 0%, 1.95% and a top rate of 2.5% on taxable income over about $250,400 for a single filer in 2026. The lottery withholds 2.5% from prizes over $5,000. Sources: [North Dakota Lottery - Claim Your Prize](https://www.lottery.nd.gov/winners/claim-your-prize); [ND Tax Commissioner - 2026 Withholding Rates & Instructions](https://www.tax.nd.gov/sites/www/files/documents/forms/individual/2026-iit/2026-income-tax-withholding-rates-booklet.pdf); [Tax Foundation - North Dakota](https://taxfoundation.org/location/north-dakota/); [PolicyEngine-US parameter (ND single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/nd/tax/income/rates/single.yaml)
- **Ohio (OH).** Ohio moved to a flat 2.75% income tax in 2026, on income above $26,050. The Ohio Lottery withholds 2.75% from reportable prizes. Many Ohio cities, such as Columbus at 2.5%, also tax lottery winnings, and nonresidents owe Ohio tax on Ohio Lottery prizes. Sources: [ORC 5747.062 - Withholding from state lottery winnings](https://codes.ohio.gov/ohio-revised-code/section-5747.062); [ORC 718.031 - Municipal withholding from casino, lottery, sports gaming winnings](https://codes.ohio.gov/ohio-revised-code/section-718.031); [Ohio Lottery - How To Claim](https://www.ohiolottery.com/claiming/how-to-claim); [Ohio IT 1040 instructions 2025 (nonresidents with Ohio lottery winnings must file)](https://dam.assets.ohio.gov/image/upload/tax.ohio.gov/forms/ohio_individual/individual/2025/it1040-booklet.pdf); [GBQ - Ohio budget bill HB 96 enacts flat income tax](https://www.gbq.com/resources/ohio-budget-bill-enacts-flat-income-tax-other-changes); [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/); [PolicyEngine-US parameter (OH rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/oh/tax/income/rates.yaml)
- **Oklahoma (OK).** Under HB 2764, Oklahoma cut its top rate from 4.75% to 4.5% for 2026, and it applies to taxable income over $7,200 for a single filer. Lottery winnings are taxed as ordinary income. Sources: [Tax Foundation - 2026 State Tax Changes Taking Effect January 1st](https://taxfoundation.org/research/all/state/2026-state-tax-changes/); [PolicyEngine-US parameter (OK single rates; cites HB 2764 enrolled text; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ok/tax/income/rates/single.yaml)
- **Oregon (OR).** Oregon taxes lottery winnings at up to 9.9% on taxable income over $125,000. Winners living in the Portland area may also owe the Metro SHS tax (1%) and the Multnomah County Preschool for All tax (1.5% to 3%). Sources: [Oregon DOR - 2025 Form OR-40 instructions](https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf); [PolicyEngine-US parameter (OR single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/or/tax/income/rates/single.yaml); [PolicyEngine-US - Multnomah County PFA rates](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/local/or/multnomah_county/tax/income/pfa/rates/single.yaml)
- **Pennsylvania (PA).** Pennsylvania taxes lottery winnings at its flat 3.07% rate. Pennsylvania Lottery cash prizes have been taxable since January 1, 2016 (Act 84 of 2016); before that they were exempt. Local earned-income taxes do not apply to lottery winnings. Sources: [PA DOR - 2025 PA-40 Instructions](https://www.pa.gov/content/dam/copapwp-pagov/en/revenue/documents/formsandpublications/formsforindividuals/pit/documents/2025/2025_pa-40in.pdf); [PolicyEngine-US parameter (PA rate; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/pa/tax/income/rate.yaml); [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **Rhode Island (RI).** Rhode Island taxes lottery winnings at up to 5.99% on taxable income over $186,450 for a single filer in 2026. A new high-income surtax on income over $1 million starts in 2027, so it does not affect 2026. Sources: [PolicyEngine-US parameter (RI rates (indexed); statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ri/tax/income/rate.yaml); [RI H 7127 Sub A (2026) - high-income surtax from 2027](https://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7127Aaa.html); [RIGL 44-30-2.6](https://law.justia.com/codes/rhode-island/2022/title-44/chapter-44-30/part-i/section-44-30-2-6/)
- **South Carolina (SC).** South Carolina's new two-bracket system for 2026 (H.4216) taxes income at 1.99% up to $30,000 and 5.21% above that, so nearly all of a jackpot is taxed at 5.21%. Sources: [SC H.4216 (2025-2026) - Section 12-6-510](https://www.scstatehouse.gov/sess126_2025-2026/bills/4216.htm); [PolicyEngine-US parameter (SC rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/sc/tax/income/rates.yaml)
- **South Dakota (SD).** South Dakota has no personal income tax, so lottery winners owe only federal tax. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **Tennessee (TN).** Tennessee has no personal income tax (the Hall tax on investment income ended in 2021), so lottery winners owe only federal tax. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **Texas (TX).** Texas has no personal income tax, so only federal tax applies to lottery winnings. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **Utah (UT).** Utah has no state lottery, but residents who win another state's lottery owe Utah's flat 4.45% income tax (cut from 4.5% for 2026). Utah generally gives a credit for tax paid to the state where the ticket was bought. Sources: [PolicyEngine-US parameter (UT rate; cites SB60 (2026); statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/ut/tax/income/rate.yaml); [Utah SB60 (2026) Income Tax Rate Amendments](https://le.utah.gov/~2026/bills/static/SB0060.html)
- **Vermont (VT).** Vermont taxes lottery winnings at up to 8.75%, on taxable income over about $250,000 for a single filer. Vermont sells Powerball and Mega Millions through the Vermont Lottery. Sources: [Vermont DOT - 2025 Income Tax Rate Schedules](https://tax.vermont.gov/sites/tax/files/documents/RateSched-2025.pdf); [PolicyEngine-US parameter (VT single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/vt/tax/income/rates/single.yaml)
- **Virginia (VA).** Virginia taxes lottery winnings at up to 5.75% on taxable income over $17,000, so a jackpot is taxed at essentially 5.75%. The Virginia Lottery withholds less than that at claim, which leaves more state tax due at filing. Sources: [Virginia Tax - 2025 Form 760 instructions](https://www.tax.virginia.gov/sites/default/files/vatax-pdf/2025-760-instructions.pdf); [PolicyEngine-US parameter (VA rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/va/tax/income/rates.yaml)
- **Washington (WA).** Washington has no personal income tax for 2026. Its capital gains excise tax does not apply to lottery winnings, so only federal tax applies. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)
- **West Virginia (WV).** West Virginia cut its rates again for 2026 (SB 392). The top rate is 4.58% on taxable income over $60,000. Lottery winnings are taxed as ordinary income. Sources: [PolicyEngine-US parameter (WV single rates; cites SB 392 (2026); statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/wv/tax/income/rates/single.yaml); [WV SB 392 (2026) enrolled](https://www.wvlegislature.gov/Bill_Text_HTML/2026_SESSIONS/RS/bills/sb392%20sub1%20enr.pdf)
- **Wisconsin (WI).** Wisconsin taxes lottery winnings at up to 7.65%, on taxable income over $332,720 for a single filer in 2026. The Wisconsin Lottery withholds state tax from large prizes at claim. Sources: [Wisconsin DOR - 2026 Form 1-ES instructions](https://www.revenue.wi.gov/TaxForms2026/2026-Form1-ES-Inst.pdf); [PolicyEngine-US parameter (WI single rates; statute-referenced, repo current as of 2026-09-26)](https://github.com/PolicyEngine/policyengine-us/blob/main/policyengine_us/parameters/gov/states/wi/tax/income/rates/single.yaml)
- **Wyoming (WY).** Wyoming has no personal income tax, so only federal tax applies. The Wyoming Lottery (WyoLotto) sells Powerball and Mega Millions. Sources: [Tax Foundation - 2026 State Income Tax Rates and Brackets](https://taxfoundation.org/data/all/state/state-income-tax-rates-2026/)

### Local taxes

| Place | Applied as | Rate | Withheld at claim |
| --- | --- | --- | --- |
| New York City (NY) | share of the prize | 3.876% | 3.876% of the prize |
| Yonkers (NY) | share of the state tax | 16.75% | 1.826% of the prize |

### Games and current jackpots

| | Powerball | Mega Millions |
| --- | --- | --- |
| Ticket price | $2 | $5 |
| Drawings (ET) | Monday, Wednesday and Saturday at 10:59 p.m. | Tuesday and Friday at 11:00 p.m. |
| Starting jackpot | $20 million | $50 million |
| Annuity | 30 payments over 29 years, each 5% larger | 30 payments over 29 years, each 5% larger |
| Current advertised jackpot | $360 million | $300 million |
| Current cash value | $153.6 million | $124.1 million |
| Next drawing | Saturday, September 26, 2026 | Tuesday, September 29, 2026 |
| Jackpot data as of | September 24, 2026 | September 26, 2026 |
| Cash ratio used for other amounts | 42.67% (as of September 24, 2026) | 41.37% (as of September 26, 2026) |
| Official site | https://www.powerball.com/ | https://www.megamillions.com/ |

### Jackpot amounts with their own page

55 amounts, each at `https://lotteryaftertaxes.com/{game}/{amount}-after-taxes/` for both games: `20-million`, `30-million`, `40-million`, `50-million`, `60-million`, `70-million`, `80-million`, `90-million`, `100-million`, `125-million`, `150-million`, `175-million`, `200-million`, `225-million`, `250-million`, `275-million`, `300-million`, `325-million`, `350-million`, `375-million`, `400-million`, `425-million`, `450-million`, `475-million`, `500-million`, `550-million`, `600-million`, `650-million`, `700-million`, `750-million`, `800-million`, `850-million`, `900-million`, `950-million`, `1-billion`, `1.1-billion`, `1.2-billion`, `1.3-billion`, `1.4-billion`, `1.5-billion`, `1.6-billion`, `1.7-billion`, `1.8-billion`, `1.9-billion`, `2-billion`, `2.1-billion`, `2.2-billion`, `2.3-billion`, `2.4-billion`, `2.5-billion`, `2.6-billion`, `2.7-billion`, `2.8-billion`, `2.9-billion`, `3-billion`. Mega Millions amounts below its $50 million starting jackpot are shown for comparison only.

### Record jackpots

| Date | Game | Advertised | Cash value | Won in | Page |
| --- | --- | --- | --- | --- | --- |
| 2022-11-07 | Powerball | $2.04 billion | not verified | CA | https://lotteryaftertaxes.com/history/2022-11-07-powerball-2-04-billion/ |
| 2025-12-24 | Powerball | $1.817 billion | $834.9 million | AR | https://lotteryaftertaxes.com/history/2025-12-24-powerball-1-817-billion/ |
| 2025-09-06 | Powerball | $1.787 billion | not verified | MO, TX | https://lotteryaftertaxes.com/history/2025-09-06-powerball-1-787-billion/ |
| 2023-10-11 | Powerball | $1.765 billion | not verified | CA | https://lotteryaftertaxes.com/history/2023-10-11-powerball-1-765-billion/ |
| 2023-08-08 | Mega Millions | $1.602 billion | not verified | FL | https://lotteryaftertaxes.com/history/2023-08-08-mega-millions-1-602-billion/ |
| 2016-01-13 | Powerball | $1.586 billion | not verified | CA, FL, TN | https://lotteryaftertaxes.com/history/2016-01-13-powerball-1-586-billion/ |
| 2018-10-23 | Mega Millions | $1.537 billion | not verified | SC | https://lotteryaftertaxes.com/history/2018-10-23-mega-millions-1-537-billion/ |
| 2023-01-13 | Mega Millions | $1.348 billion | not verified | ME | https://lotteryaftertaxes.com/history/2023-01-13-mega-millions-1-348-billion/ |
| 2022-07-29 | Mega Millions | $1.337 billion | not verified | IL | https://lotteryaftertaxes.com/history/2022-07-29-mega-millions-1-337-billion/ |
| 2024-04-06 | Powerball | $1.326 billion | not verified | OR | https://lotteryaftertaxes.com/history/2024-04-06-powerball-1-326-billion/ |
| 2024-12-27 | Mega Millions | $1.269 billion | not verified | CA | https://lotteryaftertaxes.com/history/2024-12-27-mega-millions-1-269-billion/ |
| 2026-08-12 | Powerball | $1.04 billion | $450.5 million | IL | https://lotteryaftertaxes.com/history/2026-08-12-powerball-1-04-billion/ |
| 2025-11-14 | Mega Millions | $980 million | $452.2 million | GA | https://lotteryaftertaxes.com/history/2025-11-14-mega-millions-980-million/ |
| 2026-07-28 | Mega Millions | $800 million | $344.2 million | FL | https://lotteryaftertaxes.com/history/2026-07-28-mega-millions-800-million/ |

## URL patterns

- `https://lotteryaftertaxes.com/{game}/after-taxes/` — the current jackpot after taxes in all 50 states and DC; game = powerball | mega-millions
- `https://lotteryaftertaxes.com/{game}/after-taxes/{state}/` — the current jackpot after taxes in one state; state = the name in lowercase with hyphens (texas, new-york, district-of-columbia; all 50 states and DC). Optional query: status=single|married_joint|married_separate|head_of_household, option=cash|annuity, local=nyc|yonkers (New York only)
- `https://lotteryaftertaxes.com/{game}/{amount}-after-taxes/` — any of 55 advertised jackpot amounts after taxes in every state; amount = 20-million to 100-million (every $10 million), 125-million to 500-million (every $25 million), 550-million to 1-billion (every $50 million), 1.1-billion to 3-billion (every $100 million). Optional query: state={two-letter code}, status=single|married_joint|married_separate|head_of_household
- `https://lotteryaftertaxes.com/{game}/annuity-schedule/` — the 30 payments of the current jackpot before and after tax. Optional query: state={two-letter code}, status=single|married_joint|married_separate|head_of_household, local=nyc|yonkers
- `https://lotteryaftertaxes.com/calculator/` — any prize. Query: game, amount (dollars, or 500m, 1.2b), kind=jackpot|prize, state={code}, bought={code of the state where the ticket was bought}, status, local, other={other taxable income}, option=cash|annuity
- `https://lotteryaftertaxes.com/lump-sum-vs-annuity/` — break-even after-tax return for the current Powerball jackpot. Query: state={code}, status, return={percent a year}
- `https://lotteryaftertaxes.com/history/{slug}/` — one record jackpot after taxes; slugs are listed on https://lotteryaftertaxes.com/history/
- `https://lotteryaftertaxes.com/og/{page path}.png` — the page's 1200×630 preview image

## API

- [API docs](https://lotteryaftertaxes.com/api/), [OpenAPI](https://lotteryaftertaxes.com/openapi.json): free, read-only JSON, no key, 60 requests a minute per IP address
- `GET https://lotteryaftertaxes.com/api/v1/net?game=powerball&state=TX` — after-tax breakdown of a jackpot in one state: cash option (federal withheld, federal due at filing, state, local, net) and annuity (first payment, total net), break-even return. Optional: amount (dollars; default the current jackpot), cash, status, local
- `GET https://lotteryaftertaxes.com/api/v1/jackpots` — current advertised jackpots, cash values, next drawing dates and freshness for both games

## Citation

Cite as "Lottery After Taxes (lotteryaftertaxes.com)", link the page, give the data date. Publisher: Pablo Bravo Villanueva.