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Home » Powerball jackpot is $1.6 billion – see the after-tax payouts by state
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Powerball jackpot is $1.6 billion – see the after-tax payouts by state

Editor-In-ChiefBy Editor-In-ChiefDecember 22, 2025No Comments3 Mins Read
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After 45 drawings with no jackpot winners, the Powerball jackpot has risen to $1.6 billion ahead of Monday night’s drawing at 10:59 pm ET.

The jackpot is the fourth largest in Powerball history and the fifth largest in U.S. lottery jackpots, according to the Multistate Lottery Association, which operates the lottery.

To win the jackpot, ticket holders must match all six numbers on their ticket. The winner will choose between an annuitized prize of an estimated $1.6 billion or a lump sum payment of an estimated $735.3 million. The annuity option includes one immediate payment followed by 29 annual payments that increase by 5% each year.

Both options are pre-tax. Prizes are automatically subject to 24% federal withholding, but winners can expect to be in the top 37% marginal tax bracket when filing their 2025 returns.

Prizes may be further reduced by state taxes. Eight states (California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming) do not tax lottery winnings at all, while most other states impose state taxes of approximately 4% to 6%.

Below is a state-by-state breakdown of how much money winners can take home with both payment options, listed alphabetically by each state and district, according to usamega.com.

arizona

Lump sum: $444,899,480 Annuity: $969,289,380

arkansas

Lump sum: $434,605,280 Annuity: $946,889,400

California

Lump sum: $463,281,980 Annuity: $1,009,289,400

colorado

Lump sum: $430,928,780 Annuity: $938,889,390

connecticut

Lump sum: $411,884,510 Annuity: $897,449,400

Delaware

Lump sum: $414,752,180 Annuity: $903,689,400

florida

Lump sum: $463,281,980 Annuity: $1,009,289,400

georgia

Lump sum: $425,119,910 Annuity: $926,249,400

idaho

Lump sum: $421,406,645 Annuity: $918,169,380

illinois

Lump sum: $426,884,630 Annuity: $930,089,400

Indiana

Lump sum: $441,222,980 Annuity: $961,289,400

iowa

Lump sum: $435,340,580 Annuity: $948,489,390

Kansas

Lump sum: $421,369,880 Annuity: $918,089,400

kentucky

Lump sum: $433,869,980 Annuity: $945,289,380

louisiana

Lump sum: $441,222,980 Annuity: $961,289,400

maine

Lump sum: $410,708,030 Annuity: $894,889,380

maryland

Lump sum: $393,428,480 Annuity: $857,289,390

Massachusetts

Lump sum: $397,104,980 Annuity: $865,289,400

michigan

Lump sum: $432,031,730 Annuity: $941,289,390

minnesota

Lump sum: $390,854,930 Annuity: $851,689,380

mississippi

Lump sum: $430,928,780 Annuity: $938,889,390

missouri

Lump sum: $428,722,880 Annuity: $934,089,390

montana

Lump sum: $419,899,280 Annuity: $914,889,390

nebraska

Lump sum: $425,046,380 Annuity: $926,089,380

new hampshire

Lump sum: $463,281,980 Annuity: $1,009,289,400

new jersey

Lump sum: $384,237,230 Annuity: $837,289,380

new mexico

Lump sum: $419,899,280 Annuity: $914,889,390

new york

Lump sum: $383,134,280 Annuity: $834,889,380

north carolina

Lump sum: $432,031,730 Annuity: $941,289,390

north dakota

Lump sum: $441,958,280 Annuity: $962,889,390

ohio

Lump sum: $440,303,855 Annuity: $959,289,390

oklahoma

Lump sum: $428,355,230 Annuity: $933,289,380

Oregon

Lump sum: $390,487,280 Annuity: $850,889,400

pennsylvania

Lump sum: $440,708,270 Annuity: $960,169,380

rhode island

Lump sum: $419,237,510 Annuity: $913,449,390

south carolina

Lump sum: $417,693,380 Annuity: $910,089,390

south dakota

Lump sum: $463,281,980 Annuity: $1,009,289,400

tennessee

Lump sum: $463,281,980 Annuity: $1,009,289,400

texas

Lump sum: $463,281,980 Annuity: $1,009,289,400

vermont state

Lump sum: $398,943,230 Annuity: $869,289,390

virginia

Lump sum: $421,002,230 Annuity: $917,289,390

washington

Lump sum: $463,281,980 Annuity: $1,009,289,400

Washington DC

Lump sum: $384,237,230 Annuity: $837,289,380

west virginia

Lump sum: $427,840,520 Annuity: $932,169,390

wisconsin

Lump sum: $407,031,530 Annuity: $886,889,400

wyoming

Lump sum: $463,281,980 Annuity: $1,009,289,400

Want to give your kids the ultimate advantage? Sign up for CNBC’s new online course, “How to Raise Financially Smart Kids.” Learn how to build healthy financial habits now to set your kids up for greater success in the future.

Manage your money with CNBC Select

CNBC Select is editorially independent and may earn commission from affiliate partners on our links.

A 26-year-old man works in a bookstore and lives on $53,000 a year in New York City.



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