PBPowerballTax

By advertised jackpot

$1.5 Billion Powerball After Taxes

Last updated:

A $1.5 billion jackpot has happened only a handful of times in Powerball history. Here is what every state would take home.

$1.5 Billion cash lump sum — 50 states ranked

Sorted by cash take-home, descending. Click a state to open its dedicated page.

#StateRateCash take-homeAnnuity total
1Alaska (AK)0%$567.1M$947.5M
2California (CA)0%$567.1M$947.5M
3Florida (FL)0%$567.1M$947.5M
4Nevada (NV)0%$567.1M$947.5M
5New Hampshire (NH)0%$567.1M$947.5M
6South Dakota (SD)0%$567.1M$947.5M
7Tennessee (TN)0%$567.1M$947.5M
8Texas (TX)0%$567.1M$947.5M
9Washington (WA)0%$567.1M$947.5M
10Wyoming (WY)0%$567.1M$947.5M
11Arizona (AZ)2.5%$544.6M$910.0M
12North Dakota (ND)2.5%$544.6M$910.0M
13Pennsylvania (PA)3.07%$539.5M$901.4M
14Indiana (IN)3.15%$538.7M$900.2M
15Ohio (OH)3.5%$535.6M$895.0M
16Iowa (IA)3.8%$532.9M$890.5M
17Kentucky (KY)4%$531.1M$887.5M
18Mississippi (MS)4%$531.1M$887.5M
19Louisiana (LA)4.25%$528.8M$883.7M
20Michigan (MI)4.25%$528.8M$883.7M
21North Carolina (NC)4.25%$528.8M$883.7M
22Arkansas (AR)4.4%$527.5M$881.5M
23Colorado (CO)4.4%$527.5M$881.5M
24Utah (UT)4.65%$525.2M$877.7M
25Oklahoma (OK)4.75%$524.3M$876.2M
26Missouri (MO)4.8%$523.9M$875.5M
27West Virginia (WV)4.82%$523.7M$875.2M
28Illinois (IL)4.95%$522.5M$873.2M
29Georgia (GA)4.99%$522.2M$872.6M
30Alabama (AL)5%$522.1M$872.5M
31Massachusetts (MA)5%$522.1M$872.5M
32Kansas (KS)5.2%$520.3M$869.5M
33Nebraska (NE)5.2%$520.3M$869.5M
34South Carolina (SC)5.21%$520.2M$869.3M
35Virginia (VA)5.75%$515.3M$861.2M
36Idaho (ID)5.8%$514.9M$860.5M
37Montana (MT)5.9%$514.0M$859.0M
38New Mexico (NM)5.9%$514.0M$859.0M
39Rhode Island (RI)5.99%$513.2M$857.6M
40Delaware (DE)6.6%$507.7M$848.5M
41Connecticut (CT)6.99%$504.2M$842.6M
42Maine (ME)7.15%$502.7M$840.2M
43Wisconsin (WI)7.65%$498.2M$832.7M
44Maryland (MD)8.75%$488.3M$816.2M
45Vermont (VT)8.75%$488.3M$816.2M
46Minnesota (MN)9.85%$478.4M$799.7M
47Oregon (OR)9.9%$478.0M$799.0M
48New Jersey (NJ)10.75%$470.3M$786.2M
49New York (NY)10.9%$469.0M$784.0M
50Hawaii (HI)11%$468.1M$782.5M

Frequently asked questions

Which state gets the largest $1.5 Billion Powerball take-home?

For a $1.5 Billion advertised jackpot taken as cash, the top take-home state is Alaska at roughly $567,083,278; the worst is Hawaii at $468,083,278. The gap is $99,000,000.

What's the effective tax rate on a $1.5 Billion cash payout?

Using this site's assumptions (cash = 60% of advertised, 24% federal withholding, ~13% top-bracket adjustment above $640,600, plus state tax), $1.5 Billion cash in the best state nets about $567,083,278 — an effective rate of roughly 36.99%.

How much more does annuity pay vs cash for $1.5 Billion?

Annuity pays the full advertised jackpot over 30 graduated instalments. For $1.5 Billion, the best state would net about $947,498,340 across the 30 years versus $567,083,278 taken as cash today — a meaningful gap if you can avoid the lump sum.