PBPowerballTax

By advertised jackpot

$500 Million Powerball After Taxes

Last updated:

At $500 million, the gap between the highest-tax and zero-tax states reaches roughly $50 million. Here is the full state-by-state breakdown.

$500 Million 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%$189.1M$317.5M
2California (CA)0%$189.1M$317.5M
3Florida (FL)0%$189.1M$317.5M
4Nevada (NV)0%$189.1M$317.5M
5New Hampshire (NH)0%$189.1M$317.5M
6South Dakota (SD)0%$189.1M$317.5M
7Tennessee (TN)0%$189.1M$317.5M
8Texas (TX)0%$189.1M$317.5M
9Washington (WA)0%$189.1M$317.5M
10Wyoming (WY)0%$189.1M$317.5M
11Arizona (AZ)2.5%$181.6M$305.0M
12North Dakota (ND)2.5%$181.6M$305.0M
13Pennsylvania (PA)3.07%$179.9M$302.1M
14Indiana (IN)3.15%$179.6M$301.7M
15Ohio (OH)3.5%$178.6M$300.0M
16Iowa (IA)3.8%$177.7M$298.5M
17Kentucky (KY)4%$177.1M$297.5M
18Mississippi (MS)4%$177.1M$297.5M
19Louisiana (LA)4.25%$176.3M$296.2M
20Michigan (MI)4.25%$176.3M$296.2M
21North Carolina (NC)4.25%$176.3M$296.2M
22Arkansas (AR)4.4%$175.9M$295.5M
23Colorado (CO)4.4%$175.9M$295.5M
24Utah (UT)4.65%$175.1M$294.2M
25Oklahoma (OK)4.75%$174.8M$293.7M
26Missouri (MO)4.8%$174.7M$293.5M
27West Virginia (WV)4.82%$174.6M$293.4M
28Illinois (IL)4.95%$174.2M$292.7M
29Georgia (GA)4.99%$174.1M$292.5M
30Alabama (AL)5%$174.1M$292.5M
31Massachusetts (MA)5%$174.1M$292.5M
32Kansas (KS)5.2%$173.5M$291.5M
33Nebraska (NE)5.2%$173.5M$291.5M
34South Carolina (SC)5.21%$173.5M$291.4M
35Virginia (VA)5.75%$171.8M$288.7M
36Idaho (ID)5.8%$171.7M$288.5M
37Montana (MT)5.9%$171.4M$288.0M
38New Mexico (NM)5.9%$171.4M$288.0M
39Rhode Island (RI)5.99%$171.1M$287.5M
40Delaware (DE)6.6%$169.3M$284.5M
41Connecticut (CT)6.99%$168.1M$282.5M
42Maine (ME)7.15%$167.6M$281.7M
43Wisconsin (WI)7.65%$166.1M$279.2M
44Maryland (MD)8.75%$162.8M$273.7M
45Vermont (VT)8.75%$162.8M$273.7M
46Minnesota (MN)9.85%$159.5M$268.2M
47Oregon (OR)9.9%$159.4M$268.0M
48New Jersey (NJ)10.75%$156.8M$263.7M
49New York (NY)10.9%$156.4M$263.0M
50Hawaii (HI)11%$156.1M$262.5M

Frequently asked questions

Which state gets the largest $500 Million Powerball take-home?

For a $500 Million advertised jackpot taken as cash, the top take-home state is Alaska at roughly $189,083,278; the worst is Hawaii at $156,083,278. The gap is $33,000,000.

What's the effective tax rate on a $500 Million cash payout?

Using this site's assumptions (cash = 60% of advertised, 24% federal withholding, ~13% top-bracket adjustment above $640,600, plus state tax), $500 Million cash in the best state nets about $189,083,278 — an effective rate of roughly 36.97%.

How much more does annuity pay vs cash for $500 Million?

Annuity pays the full advertised jackpot over 30 graduated instalments. For $500 Million, the best state would net about $317,498,340 across the 30 years versus $189,083,278 taken as cash today — a meaningful gap if you can avoid the lump sum.