PBPowerballTax

By advertised jackpot

$1 Billion Powerball After Taxes

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A $1 billion Powerball jackpot is the modern headline threshold. State take-home ranges from roughly $379M (no-tax states) to $295M (New York City).

$1 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%$378.1M$632.5M
2California (CA)0%$378.1M$632.5M
3Florida (FL)0%$378.1M$632.5M
4Nevada (NV)0%$378.1M$632.5M
5New Hampshire (NH)0%$378.1M$632.5M
6South Dakota (SD)0%$378.1M$632.5M
7Tennessee (TN)0%$378.1M$632.5M
8Texas (TX)0%$378.1M$632.5M
9Washington (WA)0%$378.1M$632.5M
10Wyoming (WY)0%$378.1M$632.5M
11Arizona (AZ)2.5%$363.1M$607.5M
12North Dakota (ND)2.5%$363.1M$607.5M
13Pennsylvania (PA)3.07%$359.7M$601.8M
14Indiana (IN)3.15%$359.2M$601.0M
15Ohio (OH)3.5%$357.1M$597.5M
16Iowa (IA)3.8%$355.3M$594.5M
17Kentucky (KY)4%$354.1M$592.5M
18Mississippi (MS)4%$354.1M$592.5M
19Louisiana (LA)4.25%$352.6M$590.0M
20Michigan (MI)4.25%$352.6M$590.0M
21North Carolina (NC)4.25%$352.6M$590.0M
22Arkansas (AR)4.4%$351.7M$588.5M
23Colorado (CO)4.4%$351.7M$588.5M
24Utah (UT)4.65%$350.2M$586.0M
25Oklahoma (OK)4.75%$349.6M$585.0M
26Missouri (MO)4.8%$349.3M$584.5M
27West Virginia (WV)4.82%$349.2M$584.3M
28Illinois (IL)4.95%$348.4M$583.0M
29Georgia (GA)4.99%$348.1M$582.6M
30Alabama (AL)5%$348.1M$582.5M
31Massachusetts (MA)5%$348.1M$582.5M
32Kansas (KS)5.2%$346.9M$580.5M
33Nebraska (NE)5.2%$346.9M$580.5M
34South Carolina (SC)5.21%$346.8M$580.4M
35Virginia (VA)5.75%$343.6M$575.0M
36Idaho (ID)5.8%$343.3M$574.5M
37Montana (MT)5.9%$342.7M$573.5M
38New Mexico (NM)5.9%$342.7M$573.5M
39Rhode Island (RI)5.99%$342.1M$572.6M
40Delaware (DE)6.6%$338.5M$566.5M
41Connecticut (CT)6.99%$336.1M$562.6M
42Maine (ME)7.15%$335.2M$561.0M
43Wisconsin (WI)7.65%$332.2M$556.0M
44Maryland (MD)8.75%$325.6M$545.0M
45Vermont (VT)8.75%$325.6M$545.0M
46Minnesota (MN)9.85%$319.0M$534.0M
47Oregon (OR)9.9%$318.7M$533.5M
48New Jersey (NJ)10.75%$313.6M$525.0M
49New York (NY)10.9%$312.7M$523.5M
50Hawaii (HI)11%$312.1M$522.5M

Frequently asked questions

Which state gets the largest $1 Billion Powerball take-home?

For a $1 Billion advertised jackpot taken as cash, the top take-home state is Alaska at roughly $378,083,278; the worst is Hawaii at $312,083,278. The gap is $66,000,000.

What's the effective tax rate on a $1 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 Billion cash in the best state nets about $378,083,278 — an effective rate of roughly 36.99%.

How much more does annuity pay vs cash for $1 Billion?

Annuity pays the full advertised jackpot over 30 graduated instalments. For $1 Billion, the best state would net about $632,498,340 across the 30 years versus $378,083,278 taken as cash today — a meaningful gap if you can avoid the lump sum.