Powerball’s jackpot rises to $420 million—here’s the after-tax payout for every U.S. state

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Powerball’s jackpot has risen to a sizable $420 million ahead of Saturday night’s draw, although the take-home amount will vary based on your choice of payout and the state taxes where you live.

There are two payout options when you win the jackpot: The amount spread out over 30 years as an annual payment, or just over half that amount as an upfront lump sum payment.

Then there’s taxes to consider. All winners have to pay federal taxes, which includes an automatic withholding tax of 24% levied against the winnings. However, winning millions of dollars will almost certainly put you in the top income tax bracket for 2023, which means another 13% in federal taxes when you file your tax return.

You’ll likely have to pay state income taxes on those winnings as well, which range from 2.9% to 10.9% depending on which state you live in. However, eight states don’t charge income tax on lottery winnings: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.

Based on states alone, the difference in how much you take home would vary by tens of millions of dollars.

Assuming a top federal tax rate of 37%, here’s the after-tax amount you’d take home in each state and Washington, D.C., if you won the $420 million jackpot, for both the lump sum and annuity option, according to usamega.com.

Arizona

  • Lump sum: $122,307,545
  • Annuity: $255,211,350

Arkansas

  • Lump sum: $117,861,345
  • Annuity: $245,971,350

California

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

Colorado

  • Lump sum: $118,467,645
  • Annuity: $247,231,350

Connecticut

  • Lump sum: $113,233,255
  • Annuity: $236,353,350

Delaware

  • Lump sum: $114,021,445
  • Annuity: $237,991,350

Florida

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

Georgia

  • Lump sum: $115,739,295
  • Annuity: $241,561,350

Idaho

  • Lump sum: $115,638,245
  • Annuity: $241,351,350

Illinois

  • Lump sum: $117,356,095
  • Annuity: $244,921,350

Indiana

  • Lump sum: $120,993,895
  • Annuity: $252,481,350

Iowa

  • Lump sum: $115,234,045
  • Annuity: $240,511,350

Kansas

  • Lump sum: $115,840,345
  • Annuity: $241,771,350

Kentucky

  • Lump sum: $118,265,545
  • Annuity: $246,811,350

Louisiana

  • Lump sum: $117,760,295
  • Annuity: $245,761,350

Maine

  • Lump sum: $112,909,895
  • Annuity: $235,681,350

Maryland

  • Lump sum: $109,272,095
  • Annuity: $228,121,350

Massachusetts

  • Lump sum: $109,171,045
  • Annuity: $227,911,350

Michigan

  • Lump sum: $118,770,795
  • Annuity: $247,861,350

Minnesota

  • Lump sum: $107,453,195
  • Annuity:  $224,341,350

Mississippi

  • Lump sum: $117,255,045
  • Annuity: $244,711,350

Missouri

  • Lump sum: $117,356,095
  • Annuity: $244,921,350

Montana

  • Lump sum: $113,718,295
  • Annuity: $237,361,350

Nebraska

  • Lump sum: $113,940,605
  • Annuity: $237,823,350

New Hampshire

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

New Jersey

  • Lump sum: $105,634,29
  • Annuity: $220,561,350

New Mexico

  • Lump sum: $115,436,145
  • Annuity: $240,931,350

New York

  • Lump sum: $105,331,145
  • Annuity: $219,931,350

North Carolina

  • Lump sum: $117,760,295
  • Annuity: $245,761,350

North Dakota

  • Lump sum: $121,499,145
  • Annuity: $253,531,350 

Ohio

  • Lump sum: $119,296,255
  • Annuity: $248,953,350

Oklahoma

  • Lump sum: $117,760,295
  • Annuity: $245,761,350

Oregon

  • Lump sum: $107,352,145
  • Annuity: $224,131,350

Pennsylvania

  • Lump sum: $121,155,575
  • Annuity: $252,817,350

Rhode Island

  • Lump sum: $115,254,255
  • Annuity: $240,553,350

South Carolina

  • Lump sum: $114,223,545
  • Annuity: $238,411,350

South Dakota

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

Tennessee

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

Texas

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

Vermont

  • Lump sum: $109,676,295
  • Annuity: $228,961,350

Virginia

  • Lump sum: $115,739,295
  • Annuity: $241,561,350

Washington

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

Washington, D.C.

  • Lump sum: $105,634,295
  • Annuity: $220,561,350

West Virginia

  • Lump sum: $114,223,545
  • Annuity: $238,411,350

Wisconsin

  • Lump sum: $111,899,395
  • Annuity: $233,581,350

Wyoming

  • Lump sum: $127,360,045
  • Annuity: $265,711,350

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