PBPowerballTax

By advertised jackpot

$2.04 Billion Powerball After Taxes

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The $2.04 billion record Powerball jackpot of November 2022, modeled across all 50 states for cash and annuity payouts.

$2.04 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%$771.2M$1.3B
2California (CA)0%$771.2M$1.3B
3Florida (FL)0%$771.2M$1.3B
4Nevada (NV)0%$771.2M$1.3B
5New Hampshire (NH)0%$771.2M$1.3B
6South Dakota (SD)0%$771.2M$1.3B
7Tennessee (TN)0%$771.2M$1.3B
8Texas (TX)0%$771.2M$1.3B
9Washington (WA)0%$771.2M$1.3B
10Wyoming (WY)0%$771.2M$1.3B
11Arizona (AZ)2.5%$740.6M$1.2B
12North Dakota (ND)2.5%$740.6M$1.2B
13Pennsylvania (PA)3.07%$733.6M$1.2B
14Indiana (IN)3.15%$732.6M$1.2B
15Ohio (OH)3.5%$728.4M$1.2B
16Iowa (IA)3.8%$724.7M$1.2B
17Kentucky (KY)4%$722.2M$1.2B
18Louisiana (LA)4.25%$719.2M$1.2B
19Michigan (MI)4.25%$719.2M$1.2B
20North Carolina (NC)4.25%$719.2M$1.2B
21Arkansas (AR)4.4%$717.3M$1.2B
22Colorado (CO)4.4%$717.3M$1.2B
23Utah (UT)4.65%$714.3M$1.2B
24Mississippi (MS)4.7%$713.7M$1.2B
25Oklahoma (OK)4.75%$713.1M$1.2B
26Missouri (MO)4.8%$712.5M$1.2B
27West Virginia (WV)4.82%$712.2M$1.2B
28Illinois (IL)4.95%$710.6M$1.2B
29Alabama (AL)5%$710.0M$1.2B
30Massachusetts (MA)5%$710.0M$1.2B
31Kansas (KS)5.2%$707.6M$1.2B
32Nebraska (NE)5.2%$707.6M$1.2B
33Georgia (GA)5.49%$704.0M$1.2B
34Virginia (VA)5.75%$700.8M$1.2B
35Idaho (ID)5.8%$700.2M$1.2B
36Montana (MT)5.9%$699.0M$1.2B
37New Mexico (NM)5.9%$699.0M$1.2B
38Rhode Island (RI)5.99%$697.9M$1.2B
39South Carolina (SC)6.2%$695.3M$1.2B
40Delaware (DE)6.6%$690.4M$1.2B
41Connecticut (CT)6.99%$685.6M$1.1B
42Maine (ME)7.15%$683.7M$1.1B
43Wisconsin (WI)7.65%$677.6M$1.1B
44Maryland (MD)8.75%$664.1M$1.1B
45Vermont (VT)8.75%$664.1M$1.1B
46Minnesota (MN)9.85%$650.6M$1.1B
47Oregon (OR)9.9%$650.0M$1.1B
48New Jersey (NJ)10.75%$639.6M$1.1B
49New York (NY)10.9%$637.8M$1.1B
50Hawaii (HI)11%$636.6M$1.1B

Frequently asked questions

Which state gets the largest $2.04 Billion Powerball take-home?

For a $2.04 Billion advertised jackpot taken as cash, the top take-home state is Alaska at roughly $771,203,278; the worst is Hawaii at $636,563,278. The gap is $134,640,000.

What's the effective tax rate on a $2.04 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), $2.04 Billion cash in the best state nets about $771,203,278 — an effective rate of roughly 36.99%.

How much more does annuity pay vs cash for $2.04 Billion?

Annuity pays the full advertised jackpot over 30 graduated instalments. For $2.04 Billion, the best state would net about $1,285,283,278 across the 30 years versus $771,203,278 taken as cash today — a meaningful gap if you can avoid the lump sum.

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