By advertised jackpot

$500 Million Powerball After Taxes

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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$315.1M
2California (CA)0%$189.1M$315.1M
3Florida (FL)0%$189.1M$315.1M
4Nevada (NV)0%$189.1M$315.1M
5New Hampshire (NH)0%$189.1M$315.1M
6South Dakota (SD)0%$189.1M$315.1M
7Tennessee (TN)0%$189.1M$315.1M
8Texas (TX)0%$189.1M$315.1M
9Washington (WA)0%$189.1M$315.1M
10Wyoming (WY)0%$189.1M$315.1M
11Arizona (AZ)2.5%$181.6M$302.6M
12North Dakota (ND)2.5%$181.6M$302.6M
13Pennsylvania (PA)3.07%$179.9M$299.7M
14Indiana (IN)3.15%$179.6M$299.3M
15Ohio (OH)3.5%$178.6M$297.6M
16Iowa (IA)3.8%$177.7M$296.1M
17Kentucky (KY)4%$177.1M$295.1M
18Louisiana (LA)4.25%$176.3M$293.8M
19Michigan (MI)4.25%$176.3M$293.8M
20North Carolina (NC)4.25%$176.3M$293.8M
21Arkansas (AR)4.4%$175.9M$293.1M
22Colorado (CO)4.4%$175.9M$293.1M
23Utah (UT)4.65%$175.1M$291.8M
24Mississippi (MS)4.7%$175.0M$291.6M
25Oklahoma (OK)4.75%$174.8M$291.3M
26Missouri (MO)4.8%$174.7M$291.1M
27West Virginia (WV)4.82%$174.6M$291.0M
28Illinois (IL)4.95%$174.2M$290.3M
29Alabama (AL)5%$174.1M$290.1M
30Massachusetts (MA)5%$174.1M$290.1M
31Kansas (KS)5.2%$173.5M$289.1M
32Nebraska (NE)5.2%$173.5M$289.1M
33Georgia (GA)5.49%$172.6M$287.6M
34Virginia (VA)5.75%$171.8M$286.3M
35Idaho (ID)5.8%$171.7M$286.1M
36Montana (MT)5.9%$171.4M$285.6M
37New Mexico (NM)5.9%$171.4M$285.6M
38Rhode Island (RI)5.99%$171.1M$285.1M
39South Carolina (SC)6.2%$170.5M$284.1M
40Delaware (DE)6.6%$169.3M$282.1M
41Connecticut (CT)6.99%$168.1M$280.1M
42Maine (ME)7.15%$167.6M$279.3M
43Wisconsin (WI)7.65%$166.1M$276.8M
44Maryland (MD)8.75%$162.8M$271.3M
45Vermont (VT)8.75%$162.8M$271.3M
46Minnesota (MN)9.85%$159.5M$265.8M
47Oregon (OR)9.9%$159.4M$265.6M
48New Jersey (NJ)10.75%$156.8M$261.3M
49New York (NY)10.9%$156.4M$260.6M
50Hawaii (HI)11%$156.1M$260.1M

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 $315,083,278 across the 30 years versus $189,083,278 taken as cash today — a meaningful gap if you can avoid the lump sum.