Powerball
Latest draw · Wednesday, August 19, 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)
- $21,700,000
- Federal tax
- − $7,987,188
- State tax (Virginia · 5.75%)
- − $1,247,750
- Net take-home
- $12,465,062
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 $21,700,000 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 | $13,712,812 | 37% |
| Californiano state tax | $13,712,812 | 37% |
| Floridano state tax | $13,712,812 | 37% |
| New Hampshireno state tax | $13,712,812 | 37% |
| South Dakotano state tax | $13,712,812 | 37% |
| Tennesseeno state tax | $13,712,812 | 37% |
| Texasno state tax | $13,712,812 | 37% |
| Washingtonno state tax | $13,712,812 | 37% |
| Wyomingno state tax | $13,712,812 | 37% |
| Arizona | $13,170,312 | 39% |
| North Dakota | $13,170,312 | 39% |
| Pennsylvania | $13,046,622 | 40% |
| Indiana | $13,029,262 | 40% |
| Ohio | $12,953,312 | 40% |
| Kentucky | $12,844,812 | 41% |
| Louisiana | $12,790,562 | 41% |
| Michigan | $12,790,562 | 41% |
| Arkansas | $12,758,012 | 41% |
| Colorado | $12,758,012 | 41% |
| North Carolina | $12,736,312 | 41% |
| Utah | $12,703,762 | 41% |
| Oklahoma | $12,682,062 | 42% |
| Missouri | $12,671,212 | 42% |
| Illinois | $12,638,662 | 42% |
| Alabama | $12,627,812 | 42% |
| Massachusetts | $12,627,812 | 42% |
| Mississippi | $12,627,812 | 42% |
| West Virginia | $12,601,772 | 42% |
| Georgia | $12,521,482 | 42% |
| Kansas | $12,475,912 | 43% |
| Maryland | $12,465,062 | 43% |
| Virginia(this game) | $12,465,062 | 43% |
| Idaho | $12,454,212 | 43% |
| Nebraska | $12,445,532 | 43% |
| Montana | $12,432,512 | 43% |
| New Mexico | $12,432,512 | 43% |
| Rhode Island | $12,412,982 | 43% |
| Iowa | $12,410,812 | 43% |
| South Carolina | $12,324,012 | 43% |
| Delaware | $12,280,612 | 43% |
| Connecticut | $12,195,982 | 44% |
| Maine | $12,161,262 | 44% |
| Wisconsin | $12,052,762 | 44% |
| Vermont | $11,814,062 | 46% |
| Minnesota | $11,575,362 | 47% |
| Oregon | $11,564,512 | 47% |
| District of Columbia | $11,380,062 | 48% |
| New Jersey | $11,380,062 | 48% |
| New York | $11,347,512 | 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 $21,700,000 Powerball jackpot taken as a lump sum, you'd pay about $7,987,188 in federal tax and $1,247,750 in Virginia state tax, leaving roughly $12,465,062.
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.