Powerball $562 Million After Taxes: What a Winner Keeps in Every State
Tonight's $562M Powerball is $230.4M cash. A sole winner keeps $145.2M in no-tax states, $139.4M in Arizona and $111.2M in NYC. Every state, ranked.
Jackpot Dreaming Editorial8 min read
Jackpot figures are the official estimates checked the morning of Oct. 14, 2026, for tonight's 10:59 p.m. ET drawing. Estimates can change before the draw as sales come in. Jackpot Dreaming is a personal project and is not affiliated with any lottery.
Where the jackpot stands tonight
Monday's numbers were 22, 28, 38, 51 and 69, with Powerball 9 and a 3x Power Play. No ticket matched all six, so the prize rolled to an estimated $562 million for Wednesday. The cash option is $230.4 million, a little under 41% of the headline. (Powerball's own drawing report lists Monday's lone $1 million Match 5 winner under "UK." The game started selling tickets in the United Kingdom in July.)
The drawing is at 10:59 p.m. ET at the Florida Lottery draw studio in Tallahassee. Jackpot odds haven't moved: 1 in 292,201,338.
We already covered what a big jackpot actually buys and whether to take the cash or the annuity. This one is narrower. If a single ticket wins tonight and the owner takes cash, how much does the address on their driver's license matter?
A lot, it turns out.
The federal bill is the same everywhere
Start with the part nobody escapes. On a $230.4 million cash prize, 2026 federal income tax for a single filer with no other income comes to $85,198,000. That uses the IRS's 2026 brackets: 37% on taxable income over $640,600, after the $16,100 standard deduction.
The lottery only withholds 24% up front, which is $55,296,000. So even in a state with zero income tax, the winner's check is about $175.1 million and roughly $29.9 million more is due when they file. Plenty of people see the first number and forget the second.
After federal tax, a sole cash winner keeps $145,202,000. Everything below is state (and sometimes city) tax coming out of that.
Powerball $562 million after taxes: every state, ranked
Ties are grouped. States marked * don't sell Powerball, so a resident would have to buy a ticket somewhere else (more on that below).
| Where you live | State tax on the prize | You keep (cash, after all tax) |
|---|---|---|
| Alaska*, California, Florida, Nevada*, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming | None | $145,202,000 |
| Arizona, North Dakota | 2.5% | $139,442,000 |
| Ohio | 2.75% | $138,866,000 |
| Indiana | 2.95% | $138,405,200 |
| Louisiana, Mississippi | 3% (Mississippi's is a final 3% levy) | $138,290,000 |
| Pennsylvania | 3.07% | $138,128,720 |
| Alabama* | 5%, after deducting federal tax | $137,941,900 |
| Kentucky | 3.5% | $137,138,000 |
| Arkansas | 3.7% | $136,677,200 |
| Iowa | 3.8% | $136,446,800 |
| North Carolina | 3.99% | $136,009,040 |
| Michigan | 4.25% | $135,410,000 |
| Colorado | 4.4% | $135,064,400 |
| Utah* | 4.45% | $134,949,200 |
| Oklahoma | 4.5% | $134,834,000 |
| Nebraska | 4.55% | $134,718,800 |
| West Virginia | 4.58% | $134,649,680 |
| Missouri | 4.7% | $134,373,200 |
| Illinois | 4.95% | $133,797,200 |
| Georgia | 4.99% | $133,705,040 |
| South Carolina | 5.21% | $133,198,160 |
| Idaho | 5.3% | $132,990,800 |
| Kansas | 5.58% | $132,345,680 |
| Montana | 5.65% | $132,184,400 |
| Virginia | 5.75% | $131,954,000 |
| New Mexico | 5.9% | $131,608,400 |
| Rhode Island | 5.99% | $131,401,040 |
| Delaware | 6.6% | $129,995,600 |
| Connecticut | 6.99% | $129,097,040 |
| Wisconsin | 7.65% | $127,576,400 |
| Vermont | 8.75% | $125,042,000 |
| Massachusetts | 5%, plus 4% over about $1.1 million | $124,510,310 |
| Maine | 7.15%, plus 2% over $1 million | $124,140,400 |
| Maryland (Montgomery and most counties) | 6.5% plus 3.2% county | $122,853,200 |
| Minnesota | 9.85% | $122,507,600 |
| Oregon (outside the Portland area) | 9.9% | $122,392,400 |
| New Jersey, District of Columbia | 10.75% | $120,434,000 |
| Portland Metro area (outside Multnomah County) | 9.9% plus 1% Metro tax | $120,089,680 |
| New York State (outside NYC and Yonkers) | 10.9% | $120,089,272 |
| Hawaii* | 11% | $119,858,000 |
| Yonkers | New York plus city surcharge | $115,882,890 |
| Multnomah County (Portland) | 9.9% plus about 4% local | $113,183,305 |
| New York City | New York plus 3.876% city | $111,158,968 |
Maryland depends on the county. Worcester County (2.25%) keeps $125,042,000, and Dorchester and Kent (3.3%) keep $122,622,800. Fun coincidence: Worcester County lands on exactly the same number as Vermont, because 6.5% plus 2.25% is 8.75%.
The surprises hiding in that table
California taxes almost everything except this. Its top income tax rate is 13.3%, the highest in the country. But state law exempts California Lottery prizes, Powerball included, so a California winner sits at the very top of the list next to Texas and Florida.
Pennsylvania used to be on the no-tax list. It isn't anymore. Cash prizes paid since 2016 are subject to the state's flat 3.07%, and older articles that say otherwise are out of date.
Delaware taxes the prize but doesn't withhold it. The Delaware Lottery takes federal tax out and nothing for the state. So the check looks generous, and then about $15.2 million of Delaware tax is due at filing, on top of the roughly $29.9 million federal balance. That is a $45 million bill a winner needs to set aside, not spend.
Mississippi runs lottery prizes through a flat 3% gaming levy rather than its regular income tax. The lottery withholds the 3%, and that's the whole state bill.
New York is the expensive one, and New York City is worse. Once income passes $25 million, New York's 10.9% rate applies to the entire taxable amount, not just the slice at the top. The city adds 3.876%. Between the two, a New York City winner pays about $34 million more than a Texan on the identical ticket.
Portland is quietly near the bottom. Oregon's 9.9% is already high. The Metro and Multnomah County income taxes add roughly 4% more, and the lottery doesn't withhold either one, so that money is due later too.
If your state doesn't sell Powerball
Alabama, Alaska, Hawaii, Nevada and Utah don't sell the game. Neither of the no-tax pair, Alaska and Nevada, collect a state income tax anyway, so a resident there who buys a winning ticket in, say, California owes federal tax and not much else.
Alabama, Hawaii and Utah residents are a different story. They owe their home state's income tax wherever the ticket came from, and the state that sold the ticket may withhold its own tax too. Whether a credit offsets that, and how much, depends on both states' rules. Our figures show the home-state tax only and don't subtract any credit, so treat those three rows as rough.
Can you move to a cheaper state after you win?
For the cash option, it's mostly too late by then. A lump sum is income in the year it's paid, and states generally tax residents on what they receive while they live there. Moving afterward doesn't usually undo that bill.
The annuity is murkier. Each of the 30 payments lands in a different tax year, so in theory a move could change who taxes later checks. In practice the state that sold the ticket may still claim a share, and residency audits on big earners are a real thing. This is squarely a talk-to-a-tax-attorney question, and we won't pretend there's a simple answer.
A few states are changing the rules for later years
These don't touch a cash prize paid in 2026, but they matter for anyone weighing the annuity:
- Rhode Island adds a surtax on income over $1 million starting in 2027: 1% that year, 2% in 2028, then 3% from 2029 on. The calculator already includes it for annuity checks.
- Hawaii adds a 13% bracket on income over $500,000 (single) starting in 2027. Also included for annuity checks.
- Washington passed a 9.9% tax on income over $1 million that would start in 2028. It is not in our numbers. Voters decide on Nov. 3, 2026, whether to repeal it with Initiative 645, so whether it ever applies to a future annuity check is genuinely uncertain right now.
For reference, the site schedule puts the first gross annuity check on a $562 million jackpot at about $8.46 million, growing 5% a year.
FAQ
How much would a $562 million Powerball winner keep after taxes?
Taking the $230.4 million cash option as a sole winner and single filer, about $145.2 million in states that don't tax the prize, $139.4 million in Arizona or North Dakota, $120.1 million in New York State and $111.2 million in New York City. Run your own state on the calculator.
Which states don't tax Powerball winnings?
California (which exempts lottery prizes even though it has an income tax), Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming sell Powerball and take no state tax on a 2026 prize. Alaska and Nevada also have no income tax but don't sell the game.
What's the worst place to win?
Among the places we model, New York City. State and city tax together take about $34 million more than a no-tax state on tonight's cash option. Multnomah County, Oregon, and Yonkers, New York, are next.
Is the amount withheld the final tax?
No. Federal withholding is 24%, but a jackpot is taxed at up to 37%, so roughly $29.9 million more federal tax is due at filing on this prize. Many states also withhold less than they finally charge, and Delaware withholds nothing for the state.
When is tonight's drawing?
Wednesday, Oct. 14, 2026, at 10:59 p.m. ET at the Florida Lottery draw studio in Tallahassee. Sales cutoffs vary by state and are usually earlier.
Sources
- Powerball: estimated jackpot $562 million and cash value $230.4 million for the Wed., Oct. 14, 2026 drawing; Oct. 12 winning numbers and no jackpot winner; drawing time and location.
- Powerball Report for Monday, Oct. 12, 2026: prize winners by tier, including the Match 5 winner listed as "UK"; next estimated grand prize and cash value.
- Powerball FAQs: U.S. jurisdictions that sell the game and the July 2026 expansion to the United Kingdom.
- Powerball Prize Chart: jackpot odds of 1 in 292,201,338.
- IRS 2026 inflation adjustments (Rev. Proc. 2025-32): 37% rate over $640,600 and $16,100 standard deduction for single filers. IRS Form W-2G instructions: 24% withholding on lottery prizes over $5,000.
- Tax Foundation, State Individual Income Tax Rates and Brackets, 2026, plus state revenue departments for 2026 changes in Arkansas, Georgia, Maine, South Carolina, Utah and West Virginia, as listed on our calculator.
- California Franchise Tax Board and Cal. Gov. Code § 8880.68 (California Lottery prizes exempt); Pennsylvania Department of Revenue (cash prizes taxable since 2016); Delaware Lottery FAQ (no state withholding); Mississippi Department of Revenue (3% gaming levy).
- Rhode Island Division of Taxation, 2026 Summary of Legislative Changes: high-income surtax from 2027. Hawaii Department of Taxation Announcement No. 2026-06: 13% bracket from 2027.
- Washington Legislature, Summary of Initiative 26-645: 9.9% tax on income over $1 million from 2028 and the Nov. 3, 2026 repeal vote.
- Jackpot Dreaming calculator: every after-tax figure in this article, for the $230.4 million cash option, and the first annuity check estimate.
