By advertised jackpot

$1 Billion Powerball After Taxes

Last updated:

A $1 billion Powerball jackpot is the modern headline threshold. State take-home ranges from roughly $379M (no-tax states) to $295M (New York City).

$1 Billion 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%$378.1M$630.1M
2California (CA)0%$378.1M$630.1M
3Florida (FL)0%$378.1M$630.1M
4Nevada (NV)0%$378.1M$630.1M
5New Hampshire (NH)0%$378.1M$630.1M
6South Dakota (SD)0%$378.1M$630.1M
7Tennessee (TN)0%$378.1M$630.1M
8Texas (TX)0%$378.1M$630.1M
9Washington (WA)0%$378.1M$630.1M
10Wyoming (WY)0%$378.1M$630.1M
11Arizona (AZ)2.5%$363.1M$605.1M
12North Dakota (ND)2.5%$363.1M$605.1M
13Pennsylvania (PA)3.07%$359.7M$599.4M
14Indiana (IN)3.15%$359.2M$598.6M
15Ohio (OH)3.5%$357.1M$595.1M
16Iowa (IA)3.8%$355.3M$592.1M
17Kentucky (KY)4%$354.1M$590.1M
18Louisiana (LA)4.25%$352.6M$587.6M
19Michigan (MI)4.25%$352.6M$587.6M
20North Carolina (NC)4.25%$352.6M$587.6M
21Arkansas (AR)4.4%$351.7M$586.1M
22Colorado (CO)4.4%$351.7M$586.1M
23Utah (UT)4.65%$350.2M$583.6M
24Mississippi (MS)4.7%$349.9M$583.1M
25Oklahoma (OK)4.75%$349.6M$582.6M
26Missouri (MO)4.8%$349.3M$582.1M
27West Virginia (WV)4.82%$349.2M$581.9M
28Illinois (IL)4.95%$348.4M$580.6M
29Alabama (AL)5%$348.1M$580.1M
30Massachusetts (MA)5%$348.1M$580.1M
31Kansas (KS)5.2%$346.9M$578.1M
32Nebraska (NE)5.2%$346.9M$578.1M
33Georgia (GA)5.49%$345.1M$575.2M
34Virginia (VA)5.75%$343.6M$572.6M
35Idaho (ID)5.8%$343.3M$572.1M
36Montana (MT)5.9%$342.7M$571.1M
37New Mexico (NM)5.9%$342.7M$571.1M
38Rhode Island (RI)5.99%$342.1M$570.2M
39South Carolina (SC)6.2%$340.9M$568.1M
40Delaware (DE)6.6%$338.5M$564.1M
41Connecticut (CT)6.99%$336.1M$560.2M
42Maine (ME)7.15%$335.2M$558.6M
43Wisconsin (WI)7.65%$332.2M$553.6M
44Maryland (MD)8.75%$325.6M$542.6M
45Vermont (VT)8.75%$325.6M$542.6M
46Minnesota (MN)9.85%$319.0M$531.6M
47Oregon (OR)9.9%$318.7M$531.1M
48New Jersey (NJ)10.75%$313.6M$522.6M
49New York (NY)10.9%$312.7M$521.1M
50Hawaii (HI)11%$312.1M$520.1M

Frequently asked questions

Which state gets the largest $1 Billion Powerball take-home?

For a $1 Billion advertised jackpot taken as cash, the top take-home state is Alaska at roughly $378,083,278; the worst is Hawaii at $312,083,278. The gap is $66,000,000.

What's the effective tax rate on a $1 Billion cash payout?

Using this site's assumptions (cash = 60% of advertised, 24% federal withholding, ~13% top-bracket adjustment above $640,600, plus state tax), $1 Billion cash in the best state nets about $378,083,278 — an effective rate of roughly 36.99%.

How much more does annuity pay vs cash for $1 Billion?

Annuity pays the full advertised jackpot over 30 graduated instalments. For $1 Billion, the best state would net about $630,083,278 across the 30 years versus $378,083,278 taken as cash today — a meaningful gap if you can avoid the lump sum.