What a $674 million Powerball jackpot pays after taxes in every state
The Powerball jackpot is an estimated $674 million for Saturday, October 24, with a cash option of $289.1 million. Most jackpot winners take the cash, so that is the number taxes come out of. Federal tax takes the biggest bite, and state tax decides how much more is taken.
Lotteries withhold 24% of the cash for federal tax, about $69.4 million. A prize this size puts the winner in the top 37% federal tax bracket, so the winner will owe roughly another 13% or $37.6 million when filing the following April, about $107 million in federal tax in all. After that, a winner in a state that does not tax the prize keeps about $182.1 million. The table below applies each Powerball state's top tax rate on top of that.
| State | State tax rate | State tax | Estimated take-home |
|---|---|---|---|
| California | 0% | $0.0 million | $182.1 million |
| Florida | 0% | $0.0 million | $182.1 million |
| New Hampshire | 0% | $0.0 million | $182.1 million |
| South Dakota | 0% | $0.0 million | $182.1 million |
| Tennessee | 0% | $0.0 million | $182.1 million |
| Texas | 0% | $0.0 million | $182.1 million |
| Washington | 0% | $0.0 million | $182.1 million |
| Wyoming | 0% | $0.0 million | $182.1 million |
| Arizona | 2.5% | $7.2 million | $174.9 million |
| North Dakota | 2.5% | $7.2 million | $174.9 million |
| Ohio | 2.75% | $8.0 million | $174.2 million |
| Indiana | 2.95% | $8.5 million | $173.6 million |
| Louisiana | 3% | $8.7 million | $173.5 million |
| Pennsylvania | 3.07% | $8.9 million | $173.3 million |
| Kentucky | 3.5% | $10.1 million | $172.0 million |
| Iowa | 3.8% | $11.0 million | $171.1 million |
| Arkansas | 3.9% | $11.3 million | $170.9 million |
| North Carolina | 3.99% | $11.5 million | $170.6 million |
| Mississippi | 4% | $11.6 million | $170.6 million |
| Michigan | 4.25% | $12.3 million | $169.8 million |
| Colorado | 4.4% | $12.7 million | $169.4 million |
| Oklahoma | 4.5% | $13.0 million | $169.1 million |
| Nebraska | 4.55% | $13.2 million | $169.0 million |
| Missouri | 4.7% | $13.6 million | $168.5 million |
| West Virginia | 4.82% | $13.9 million | $168.2 million |
| Illinois | 4.95% | $14.3 million | $167.8 million |
| Georgia | 4.99% | $14.4 million | $167.7 million |
| Idaho | 5.3% | $15.3 million | $166.8 million |
| Montana | 5.65% | $16.3 million | $165.8 million |
| Kansas | 5.7% | $16.5 million | $165.7 million |
| Virginia | 5.75% | $16.6 million | $165.5 million |
| New Mexico | 5.9% | $17.1 million | $165.1 million |
| Rhode Island | 5.99% | $17.3 million | $164.8 million |
| South Carolina | 6% | $17.3 million | $164.8 million |
| Delaware | 6.6% | $19.1 million | $163.1 million |
| Connecticut | 6.99% | $20.2 million | $161.9 million |
| Maine | 7.15% | $20.7 million | $161.5 million |
| Wisconsin | 7.65% | $22.1 million | $160.0 million |
| Maryland | 7.75% | $22.4 million | $159.7 million |
| Vermont | 8.75% | $25.3 million | $156.8 million |
| Massachusetts | 9% | $26.0 million | $156.1 million |
| Minnesota | 9.85% | $28.5 million | $153.7 million |
| Oregon | 9.9% | $28.6 million | $153.5 million |
| D.C. | 10.75% | $31.1 million | $151.1 million |
| New Jersey | 10.75% | $31.1 million | $151.1 million |
| New York | 10.9% | $31.5 million | $150.6 million |
The eight no-tax rows include California, where prizes from tickets bought through its own lottery are exempt, and New Hampshire, which does not tax lottery winnings. At the other end, New York takes 10.9%, about $31.5 million, and D.C. and New Jersey 10.75% each. New York City residents owe up to 3.876% more, and Maryland adds county taxes, neither of which is in the table. Massachusetts' 9% includes its 4% surtax on income over $1 million.
The annuity option pays the full $674 million over 30 years, with each payment taxed in the year it arrives, on a schedule that rises 5% a year. Our lottery tax calculator runs other prize amounts, and the Powerball analysis page updates the cash value after each drawing. The jackpot climbed to this level faster than most runs since 2020.
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Frequently Asked Questions
How much is a $674 million Powerball jackpot after taxes?
The cash option is $289.1 million. After about 37% federal tax, a winner keeps roughly $182.1 million in a state with no tax on the prize, and about $150.6 million in New York, the highest state rate among Powerball states.
How much tax is withheld from a Powerball jackpot?
Lotteries withhold 24% for federal tax, about $69.4 million on a $289.1 million cash prize. Because a jackpot pushes a winner into the 37% bracket, roughly another $37.6 million is usually owed at tax time, plus any state tax.
Which states don't tax Powerball winnings?
Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming do not tax them, and California does not tax prizes from tickets bought through the California Lottery. Alaska and Nevada have no income tax but do not sell Powerball.
Jessie Jurado is a news writer who covers new scratch-off launches, state lottery guides, taxes on winnings, news, and much more. She joined ScratchCheck in 2026 and writes the site's state-by-state coverage.
