Powerball
Latest draw · Monday, August 24, 2026 · double_play
Powerball Tax Calculator
See what you'd really take home from a Powerball prize after federal and Virginia state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $69,200,000
- Federal tax
- − $25,562,188
- State tax (Virginia · 5.75%)
- − $3,979,000
- Net take-home
- $39,658,812
Estimate only — uses single-filer federal brackets and Virginia's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Powerball take-home by state
What you'd keep from a $69,200,000 Powerball prize (lump sum) after federal + state tax, ranked best to worst. Change the amount or payout above to update.
| State | Take-home | Effective tax |
|---|---|---|
| Alaskano state tax | $43,637,812 | 37% |
| Californiano state tax | $43,637,812 | 37% |
| Floridano state tax | $43,637,812 | 37% |
| New Hampshireno state tax | $43,637,812 | 37% |
| South Dakotano state tax | $43,637,812 | 37% |
| Tennesseeno state tax | $43,637,812 | 37% |
| Texasno state tax | $43,637,812 | 37% |
| Washingtonno state tax | $43,637,812 | 37% |
| Wyomingno state tax | $43,637,812 | 37% |
| Arizona | $41,907,812 | 39% |
| North Dakota | $41,907,812 | 39% |
| Pennsylvania | $41,513,372 | 40% |
| Indiana | $41,458,012 | 40% |
| Ohio | $41,215,812 | 40% |
| Kentucky | $40,869,812 | 41% |
| Louisiana | $40,696,812 | 41% |
| Michigan | $40,696,812 | 41% |
| Arkansas | $40,593,012 | 41% |
| Colorado | $40,593,012 | 41% |
| North Carolina | $40,523,812 | 41% |
| Utah | $40,420,012 | 42% |
| Oklahoma | $40,350,812 | 42% |
| Missouri | $40,316,212 | 42% |
| Illinois | $40,212,412 | 42% |
| Alabama | $40,177,812 | 42% |
| Massachusetts | $40,177,812 | 42% |
| Mississippi | $40,177,812 | 42% |
| West Virginia | $40,094,772 | 42% |
| Georgia | $39,838,732 | 42% |
| Kansas | $39,693,412 | 43% |
| Maryland | $39,658,812 | 43% |
| Virginia(this game) | $39,658,812 | 43% |
| Idaho | $39,624,212 | 43% |
| Nebraska | $39,596,532 | 43% |
| Montana | $39,555,012 | 43% |
| New Mexico | $39,555,012 | 43% |
| Rhode Island | $39,492,732 | 43% |
| Iowa | $39,485,812 | 43% |
| South Carolina | $39,209,012 | 43% |
| Delaware | $39,070,612 | 44% |
| Connecticut | $38,800,732 | 44% |
| Maine | $38,690,012 | 44% |
| Wisconsin | $38,344,012 | 45% |
| Vermont | $37,582,812 | 46% |
| Minnesota | $36,821,612 | 47% |
| Oregon | $36,787,012 | 47% |
| District of Columbia | $36,198,812 | 48% |
| New Jersey | $36,198,812 | 48% |
| New York | $36,095,012 | 48% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Powerball tax FAQ
How much tax do you pay on a Powerball jackpot in Virginia?
On a $69,200,000 Powerball jackpot taken as a lump sum, you'd pay about $25,562,188 in federal tax and $3,979,000 in Virginia state tax, leaving roughly $39,658,812.
Does Virginia tax Powerball lottery winnings?
Yes — Virginia withholds about 5.75% in state tax on Powerball winnings, on top of federal tax.
Should I take the Powerball lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.