Close Menu
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
What's Hot

Austrian Darts Open: Jan van Veen suffers shock exit as Michael van Gerwen advances, Cristo Reyes hits nine darters | Darts News

May 10, 2026

Saudi Aramco’s first-quarter profit rises 26% as major pipelines reach capacity

May 10, 2026

Iran’s two-tier internet access stokes anger and exposes cracks in the regime

May 10, 2026
Facebook X (Twitter) Instagram
Smart Breaking News on AI, Business, Politics & Global Trends | WhistleBuzz
Facebook X (Twitter) Instagram
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
Smart Breaking News on AI, Business, Politics & Global Trends | WhistleBuzz
Home » Powerball jackpot is $1.6 billion – see the after-tax payouts by state
World

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

Editor-In-ChiefBy Editor-In-ChiefDecember 22, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
Follow Us
Google News Flipboard
Share
Facebook Twitter LinkedIn Pinterest Email


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.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor-In-Chief
  • Website

Related Posts

Saudi Aramco’s first-quarter profit rises 26% as major pipelines reach capacity

May 10, 2026

A global week ahead: Shoddy diplomacy casts shadow over Trump-Xi summit

May 10, 2026

President Trump’s whiskey U-turn could revitalize the Scotch cask investment market

May 9, 2026
Add A Comment

Comments are closed.

News

Trump’s Truth social site’s parent company reports $400 million in losses this year | Donald Trump News

By Editor-In-ChiefMay 9, 2026

The main cause of losses is the decline in cryptocurrency assets due to the decline…

‘Year of Resistance’: Cuba’s Private Sector Faces President Trump’s Oil Blockade | Business and Economy

May 9, 2026

Virginia Supreme Court rejects US Democratic redistricting plan | 2026 US Midterm Election News

May 8, 2026
Top Trending

Voice AI in India is difficult. Wispr Flow is betting on it anyway.

By Editor-In-ChiefMay 9, 2026

Indian internet users already rely heavily on voice notes, voice search, and…

So you’ve heard these AI terms and nodded along; let’s fix that

By Editor-In-ChiefMay 9, 2026

Artificial intelligence is changing the world, and simultaneously inventing a whole new…

Nvidia has already committed $40 billion to equity AI trading this year

By Editor-In-ChiefMay 9, 2026

According to CNBC, NVIDIA continues to be a major investor in the…

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Welcome to WhistleBuzz.com (“we,” “our,” or “us”). Your privacy is important to us. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website https://whistlebuzz.com/ (the “Site”). Please read this policy carefully to understand our views and practices regarding your personal data and how we will treat it.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Facebook X (Twitter) Instagram Pinterest
  • Home
  • Advertise With Us
  • Contact US
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
  • About US
© 2026 whistlebuzz. Designed by whistlebuzz.

Type above and press Enter to search. Press Esc to cancel.