Powerball’s jackpot has climbed to $1.7 billion ahead of Saturday night’s drawing at 10:59 p.m. ET.
No one has won since May, making it the third-largest jackpot in U.S. history, and it could climb past $2 billion if there’s no winner and the prize carries over to Monday night’s drawing. That would be only the second time Powerball has reached $2 billion.
The last jackpot over $1 billion was claimed in April 2024. The largest since then was a $526.5 million win in March.
To claim the prize, you need to beat odds of 1 in 292,201,338 and match all six numbers, including the red Powerball. Smaller prizes are also available, including $1 million for matching all five white balls without the Powerball.
How much you’d actually take home after taxes
Winners can choose between two payout options: the full jackpot paid out as annual installments over 30 years or a lump-sum cash payment worth about 45% of the advertised prize.
Whichever option you take, 24% is withheld for federal taxes immediately. The prize would almost certainly place you in the top 37% federal bracket, meaning you would owe the remainder when filing your 2025 tax return.
Most participating states also impose their own income taxes, which range from 2.5% to 10.9%. Eight states do not tax lottery winnings at all: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.
Based on a top federal tax rate of 37%, here is what the total after-tax payout would be in each state and Washington, D.C., for both the lump sum and the 30-year annuity, according to USAMega.com.
Arizona
- Lump sum: $466,074,480
- Annuity: $1,029,789,390
Arkansas
- Lump sum: $455,290,280
- Annuity: $1,005,989,400
California
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
Colorado
- Lump sum: $451,438,780
- Annuity: $997,489,380
Connecticut
- Lump sum: $431,488,010
- Annuity: $953,459,400
Delaware
- Lump sum: $434,492,180
- Annuity: $960,089,400
Florida
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
Georgia
- Lump sum: $445,353,410
- Annuity: $984,059,400
Idaho
- Lump sum: $441,463,395
- Annuity: $975,474,390
Illinois
- Lump sum: $447,202,130
- Annuity: $988,139,400
Indiana
- Lump sum: $462,222,980
- Annuity: $1,021,289,400
Iowa
- Lump sum: $456,060,580
- Annuity: $1,007,689,380
Kansas
- Lump sum: $441,424,880
- Annuity: $975,389,400
Kentucky
- Lump sum: $454,519,980
- Annuity: $1,004,289,390
Louisiana
- Lump sum: $462,222,980
- Annuity: $1,021,289,400
Maine
- Lump sum: $430,255,530
- Annuity: $950,739,390
Maryland
- Lump sum: $412,153,480
- Annuity: $910,789,380
Massachusetts
- Lump sum: $416,004,980
- Annuity: $919,289,400
Michigan
- Lump sum: $452,594,230
- Annuity: $1,000,039,380
Minnesota
- Lump sum: $409,457,430
- Annuity: $904,839,390
Mississippi
- Lump sum: $451,438,780
- Annuity: $997,489,380
Missouri
- Lump sum: $449,127,880
- Annuity: $992,389,380
Montana
- Lump sum: $439,884,280
- Annuity: $971,989,380
Nebraska
- Lump sum: $445,276,380
- Annuity: $983,889,390
New Hampshire
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
New Jersey
- Lump sum: $402,524,730
- Annuity: $889,539,390
New Mexico
- Lump sum: $439,884,280
- Annuity: $971,989,380
New York
- Lump sum: $401,369,280
- Annuity: $886,989,390
North Carolina
- Lump sum: $452,594,230
- Annuity: $1,000,039,380
North Dakota
- Lump sum: $462,993,280
- Annuity: $1,022,989,380
Ohio
- Lump sum: $461,260,105
- Annuity: $1,019,164,380
Oklahoma
- Lump sum: $448,742,730
- Annuity: $991,539,390
Oregon
- Lump sum: $409,072,280
- Annuity: $903,989,400
Pennsylvania
- Lump sum: $461,683,770
- Annuity: $1,020,099,390
Rhode Island
- Lump sum: $439,191,010
- Annuity: $970,459,380
South Carolina
- Lump sum: $437,573,380
- Annuity: $966,889,380
South Dakota
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
Tennessee
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
Texas
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
Vermont
- Lump sum: $417,930,730
- Annuity: $923,539,380
Virginia
- Lump sum: $441,039,730
- Annuity: $974,539,380
Washington
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
Washington, D.C.
- Lump sum: $402,524,730
- Annuity: $889,539,390
West Virginia
- Lump sum: $448,203,520
- Annuity: $990,349,380
Wisconsin
- Lump sum: $426,404,030
- Annuity: $942,239,400
Wyoming
- Lump sum: $485,331,980
- Annuity: $1,072,289,400
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