By advertised jackpot

$700 Million Powerball After Taxes

Last updated:

A $700 million Powerball jackpot is approaching all-time-top-10 territory. Per-state cash and annuity take-home, ranked by net.

$700 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%$264.7M$441.1M
2California (CA)0%$264.7M$441.1M
3Florida (FL)0%$264.7M$441.1M
4Nevada (NV)0%$264.7M$441.1M
5New Hampshire (NH)0%$264.7M$441.1M
6South Dakota (SD)0%$264.7M$441.1M
7Tennessee (TN)0%$264.7M$441.1M
8Texas (TX)0%$264.7M$441.1M
9Washington (WA)0%$264.7M$441.1M
10Wyoming (WY)0%$264.7M$441.1M
11Arizona (AZ)2.5%$254.2M$423.6M
12North Dakota (ND)2.5%$254.2M$423.6M
13Pennsylvania (PA)3.07%$251.8M$419.6M
14Indiana (IN)3.15%$251.5M$419.0M
15Ohio (OH)3.5%$250.0M$416.6M
16Iowa (IA)3.8%$248.7M$414.5M
17Kentucky (KY)4%$247.9M$413.1M
18Louisiana (LA)4.25%$246.8M$411.3M
19Michigan (MI)4.25%$246.8M$411.3M
20North Carolina (NC)4.25%$246.8M$411.3M
21Arkansas (AR)4.4%$246.2M$410.3M
22Colorado (CO)4.4%$246.2M$410.3M
23Utah (UT)4.65%$245.2M$408.5M
24Mississippi (MS)4.7%$244.9M$408.2M
25Oklahoma (OK)4.75%$244.7M$407.8M
26Missouri (MO)4.8%$244.5M$407.5M
27West Virginia (WV)4.82%$244.4M$407.3M
28Illinois (IL)4.95%$243.9M$406.4M
29Alabama (AL)5%$243.7M$406.1M
30Massachusetts (MA)5%$243.7M$406.1M
31Kansas (KS)5.2%$242.8M$404.7M
32Nebraska (NE)5.2%$242.8M$404.7M
33Georgia (GA)5.49%$241.6M$402.7M
34Virginia (VA)5.75%$240.5M$400.8M
35Idaho (ID)5.8%$240.3M$400.5M
36Montana (MT)5.9%$239.9M$399.8M
37New Mexico (NM)5.9%$239.9M$399.8M
38Rhode Island (RI)5.99%$239.5M$399.2M
39South Carolina (SC)6.2%$238.6M$397.7M
40Delaware (DE)6.6%$237.0M$394.9M
41Connecticut (CT)6.99%$235.3M$392.2M
42Maine (ME)7.15%$234.7M$391.0M
43Wisconsin (WI)7.65%$232.6M$387.5M
44Maryland (MD)8.75%$227.9M$379.8M
45Vermont (VT)8.75%$227.9M$379.8M
46Minnesota (MN)9.85%$223.3M$372.1M
47Oregon (OR)9.9%$223.1M$371.8M
48New Jersey (NJ)10.75%$219.5M$365.8M
49New York (NY)10.9%$218.9M$364.8M
50Hawaii (HI)11%$218.5M$364.1M

Frequently asked questions

Which state gets the largest $700 Million Powerball take-home?

For a $700 Million advertised jackpot taken as cash, the top take-home state is Alaska at roughly $264,683,278; the worst is Hawaii at $218,483,278. The gap is $46,200,000.

What's the effective tax rate on a $700 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), $700 Million cash in the best state nets about $264,683,278 — an effective rate of roughly 36.98%.

How much more does annuity pay vs cash for $700 Million?

Annuity pays the full advertised jackpot over 30 graduated instalments. For $700 Million, the best state would net about $441,083,278 across the 30 years versus $264,683,278 taken as cash today — a meaningful gap if you can avoid the lump sum.