PBPowerballTax

By advertised jackpot

$700 Million Powerball After Taxes

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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$443.5M
2California (CA)0%$264.7M$443.5M
3Florida (FL)0%$264.7M$443.5M
4Nevada (NV)0%$264.7M$443.5M
5New Hampshire (NH)0%$264.7M$443.5M
6South Dakota (SD)0%$264.7M$443.5M
7Tennessee (TN)0%$264.7M$443.5M
8Texas (TX)0%$264.7M$443.5M
9Washington (WA)0%$264.7M$443.5M
10Wyoming (WY)0%$264.7M$443.5M
11Arizona (AZ)2.5%$254.2M$426.0M
12North Dakota (ND)2.5%$254.2M$426.0M
13Pennsylvania (PA)3.07%$251.8M$422.0M
14Indiana (IN)3.15%$251.5M$421.4M
15Ohio (OH)3.5%$250.0M$419.0M
16Iowa (IA)3.8%$248.7M$416.9M
17Kentucky (KY)4%$247.9M$415.5M
18Mississippi (MS)4%$247.9M$415.5M
19Louisiana (LA)4.25%$246.8M$413.7M
20Michigan (MI)4.25%$246.8M$413.7M
21North Carolina (NC)4.25%$246.8M$413.7M
22Arkansas (AR)4.4%$246.2M$412.7M
23Colorado (CO)4.4%$246.2M$412.7M
24Utah (UT)4.65%$245.2M$410.9M
25Oklahoma (OK)4.75%$244.7M$410.2M
26Missouri (MO)4.8%$244.5M$409.9M
27West Virginia (WV)4.82%$244.4M$409.8M
28Illinois (IL)4.95%$243.9M$408.8M
29Georgia (GA)4.99%$243.7M$408.6M
30Alabama (AL)5%$243.7M$408.5M
31Massachusetts (MA)5%$243.7M$408.5M
32Kansas (KS)5.2%$242.8M$407.1M
33Nebraska (NE)5.2%$242.8M$407.1M
34South Carolina (SC)5.21%$242.8M$407.0M
35Virginia (VA)5.75%$240.5M$403.2M
36Idaho (ID)5.8%$240.3M$402.9M
37Montana (MT)5.9%$239.9M$402.2M
38New Mexico (NM)5.9%$239.9M$402.2M
39Rhode Island (RI)5.99%$239.5M$401.6M
40Delaware (DE)6.6%$237.0M$397.3M
41Connecticut (CT)6.99%$235.3M$394.6M
42Maine (ME)7.15%$234.7M$393.4M
43Wisconsin (WI)7.65%$232.6M$389.9M
44Maryland (MD)8.75%$227.9M$382.2M
45Vermont (VT)8.75%$227.9M$382.2M
46Minnesota (MN)9.85%$223.3M$374.5M
47Oregon (OR)9.9%$223.1M$374.2M
48New Jersey (NJ)10.75%$219.5M$368.2M
49New York (NY)10.9%$218.9M$367.2M
50Hawaii (HI)11%$218.5M$366.5M

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 $443,498,340 across the 30 years versus $264,683,278 taken as cash today — a meaningful gap if you can avoid the lump sum.