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

Analysts expect uncertainty for businesses if USMCA is not renewed | Donald Trump News

June 28, 2026

China doesn’t need to usurp the dollar to win the global currency war

June 28, 2026

Iraqi officials arrested on corruption charges, night raid in fortified Green Zone

June 28, 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

China doesn’t need to usurp the dollar to win the global currency war

June 28, 2026

Most of an IRA’s money comes from 401(k) rollovers, not contributions

June 28, 2026

‘Perfect storm’ suggests US auto market will shrink significantly by 2040

June 28, 2026
Add A Comment

Comments are closed.

News

Analysts expect uncertainty for businesses if USMCA is not renewed | Donald Trump News

By Editor-In-ChiefJune 28, 2026

VANCOUVER, Canada – As the U.S.-Mexico-Canada trade deal faces its first joint enforcement review on…

Second day of US attack on Iran: Is this a violation of the War Powers Resolution? |Commentary news

June 28, 2026

Ship hit by drone attack, US begins second night of attack on Iran | US and Israel war against Iran News

June 27, 2026
Top Trending

SoftBank CEO isn’t the only one questioning Elon Musk’s orbital data center hype

By Editor-In-ChiefJune 27, 2026

Not everyone supports Elon Musk’s vision for orbital data centers. SoftBank founder…

The most suitable founder in this room turned out to be cancer. Here’s how he used AI to fight back.

By Editor-In-ChiefJune 27, 2026

Kono Christo does not leave things to chance. He tracks his sleep…

Asian AI startups launch Mythos-like models as Anthropic export ban drags on

By Editor-In-ChiefJune 27, 2026

On Wednesday, Chinese cybersecurity company 360 reportedly announced Tulongfeng, an AI tool…

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.