| Powerball Jackpot AnalysisMedia: You may freely use any information on this page, but you must credit www.usamega.com.
Notes about this page: Be sure to review the Important Notes section at the bottom of the page, which provide additional information regarding the numbers presented here.
Important: All annuity amounts shown are the average amounts a jackpot winner would receive. Powerball annuity payments are made on an annually-increasing rate schedule, so to see what the payments would be on a year-by-year basis for any state, click the Annual Payment Schedule link next to the state. | | Annuity | | Cash |  | Powerball Jackpot for Sat, May 10, 2008 | $20,000,000 |
| | $9,800,000 | | | | Gross Prize | 30 average annual payments of $666,667 |
| | Lump-sum cash: $9,800,000 | | - 25% Federal Tax | - $166,667 |
| | - $2,450,000 | | |
$7,350,000 | | - State Tax: |
| | Arizona: 5% State Tax for In-State Residents | - $33,333 |
| | - $490,000 | | Your average net per year: $466,667 | | Your net payout: $6,860,000 | | After 30 payments: $14,000,010 | | Annuity Payment Schedule | | | | Non-Arizona Residents: 6% State Tax | - $40,000 |
| | - $588,000 | | Your average net per year: $460,000 | | Your net payout: $6,762,000 | | After 30 payments: $13,800,000 | | Annuity Payment Schedule |
| | Colorado: 4% State Tax | - $26,667 |
| | - $392,000 | | Your average net per year: $473,333 | | Your net payout: $6,958,000 | | After 30 payments: $14,199,990 | | Annuity Payment Schedule |
| | Connecticut: 5% State Tax | - $33,333 |
| | - $490,000 | | Your average net per year: $466,667 | | Your net payout: $6,860,000 | | After 30 payments: $14,000,010 | | Annuity Payment Schedule |
| | Delaware: No State Tax on Lottery Prizes! | | Your average net per year: $500,000 | | Your net payout: $7,350,000 | | After 30 payments: $15,000,000 | | Annuity Payment Schedule |
| | Idaho: 7.8% State Tax | - $52,000 |
| | - $764,400 | | Your average net per year: $448,000 | | Your net payout: $6,585,600 | | After 30 payments: $13,440,000 | | Annuity Payment Schedule |
| | Indiana: 3.4% State Tax | - $22,667 |
| | - $333,200 | | Your average net per year: $477,333 | | Your net payout: $7,016,800 | | After 30 payments: $14,319,990 | | Annuity Payment Schedule |
| | Iowa: 5% State Tax | - $33,333 |
| | - $490,000 | | Your average net per year: $466,667 | | Your net payout: $6,860,000 | | After 30 payments: $14,000,010 | | Annuity Payment Schedule |
| | Kansas: 5% State Tax | - $33,333 |
| | - $490,000 | | Your average net per year: $466,667 | | Your net payout: $6,860,000 | | After 30 payments: $14,000,010 | | Annuity Payment Schedule |
| | Kentucky: 6% State Tax | - $40,000 |
| | - $588,000 | | Your average net per year: $460,000 | | Your net payout: $6,762,000 | | After 30 payments: $13,800,000 | | Annuity Payment Schedule |
| | Louisiana: 5% State Tax | - $33,333 |
| | - $490,000 | | Your average net per year: $466,667 | | Your net payout: $6,860,000 | | After 30 payments: $14,000,010 | | Annuity Payment Schedule |
| | Maine: 5% State Tax | - $33,333 |
| | - $490,000 | | Your average net per year: $466,667 | | Your net payout: $6,860,000 | | After 30 payments: $14,000,010 | | Annuity Payment Schedule |
| | Minnesota: 7.25% State Tax | - $48,333 |
| | - $710,500 | | Your average net per year: $451,667 | | Your net payout: $6,639,500 | | After 30 payments: $13,550,010 | | Annuity Payment Schedule |
| | Missouri: 4% State Tax | - $26,667 |
| | - $392,000 | | Your average net per year: $473,333 | | Your net payout: $6,958,000 | | After 30 payments: $14,199,990 | | Annuity Payment Schedule |
| | Montana: 10% State Tax | - $66,667 |
| | - $980,000 | | Your average net per year: $433,333 | | Your net payout: $6,370,000 | | After 30 payments: $12,999,990 | | Annuity Payment Schedule |
| | Nebraska: 5% State Tax | - $33,333 |
| | - $490,000 | | Your average net per year: $466,667 | | Your net payout: $6,860,000 | | After 30 payments: $14,000,010 | | Annuity Payment Schedule |
| | New Hampshire: No State Tax on Lottery Prizes! | | Your average net per year: $500,000 | | Your net payout: $7,350,000 | | After 30 payments: $15,000,000 | | Annuity Payment Schedule |
| | New Mexico: 6% State Tax | - $40,000 |
| | - $588,000 | | Your average net per year: $460,000 | | Your net payout: $6,762,000 | | After 30 payments: $13,800,000 | | Annuity Payment Schedule |
| | North Carolina: 7% State Tax | - $46,667 |
| | - $686,000 | | Your average net per year: $453,333 | | Your net payout: $6,664,000 | | After 30 payments: $13,599,990 | | Annuity Payment Schedule |
| | North Dakota: 5.54% State Tax | - $36,933 |
| | - $542,920 | | Your average net per year: $463,067 | | Your net payout: $6,807,080 | | After 30 payments: $13,892,010 | | Annuity Payment Schedule |
| | Oklahoma: 4% State Tax | - $26,667 |
| | - $392,000 | | Your average net per year: $473,333 | | Your net payout: $6,958,000 | | After 30 payments: $14,199,990 | | Annuity Payment Schedule |
| | Oregon: 8% State Tax | - $53,333 |
| | - $784,000 | | Your average net per year: $446,667 | | Your net payout: $6,566,000 | | After 30 payments: $13,400,010 | | Annuity Payment Schedule |
| | Pennsylvania: No State Tax on Lottery Prizes! | | Your average net per year: $500,000 | | Your net payout: $7,350,000 | | After 30 payments: $15,000,000 | | Annuity Payment Schedule |
| | Rhode Island: 7% State Tax | - $46,667 |
| | - $686,000 | | Your average net per year: $453,333 | | Your net payout: $6,664,000 | | After 30 payments: $13,599,990 | | Annuity Payment Schedule |
| | South Carolina: 7% State Tax | - $46,667 |
| | - $686,000 | | Your average net per year: $453,333 | | Your net payout: $6,664,000 | | After 30 payments: $13,599,990 | | Annuity Payment Schedule |
| | South Dakota: No State Tax on Lottery Prizes! | | Your average net per year: $500,000 | | Your net payout: $7,350,000 | | After 30 payments: $15,000,000 | | Annuity Payment Schedule |
| | Tennessee: No State Tax on Lottery Prizes! | | Your average net per year: $500,000 | | Your net payout: $7,350,000 | | After 30 payments: $15,000,000 | | Annuity Payment Schedule |
| | U.S. Virgin Islands: Unknown State Tax Rate | - $0 |
| | - $0 | | Your average net per year: $500,000 | | Your net payout: $7,350,000 | | After 30 payments: $15,000,000 | | Annuity Payment Schedule |
| | Vermont: 6% State Tax | - $40,000 |
| | - $588,000 | | Your average net per year: $460,000 | | Your net payout: $6,762,000 | | After 30 payments: $13,800,000 | | Annuity Payment Schedule |
| | Washington, D.C.: No State Tax on Lottery Prizes! | | Your average net per year: $500,000 | | Your net payout: $7,350,000 | | After 30 payments: $15,000,000 | | Annuity Payment Schedule |
| | West Virginia: 6.5% State Tax | - $43,333 |
| | - $637,000 | | Your average net per year: $456,667 | | Your net payout: $6,713,000 | | After 30 payments: $13,700,010 | | Annuity Payment Schedule |
| | Wisconsin: 6.75% State Tax | - $45,000 |
| | - $661,500 | | Your average net per year: $455,000 | | Your net payout: $6,688,500 | | After 30 payments: $13,650,000 | | Annuity Payment Schedule |
|
Important Notes- All of the amounts listed above are the taxes withheld at the time of the prize award, not your exact final tax burden. Since every individual winner's situation differs, and every winner chooses to dispense their winnings in a different manner, there is no way for us to determine what your final tax burden will be. For example, someone who gives away a large amount to charities would have a vastly different tax burden than someone who buys new cars and houses. The chart above provides the information that we know for sure: the money that you will initially receive from the lottery.
- The jackpot numbers are estimates rounded to the nearest million dollars.
- The jurisdiction in which you live may impose additional local taxes, beyond those listed here. Please verify all information with your local government tax agency.
- State lotteries typically deduct other amounts from prize payments, such as child support payments, back taxes owed, outstanding student loans, and other government agency responsibilities.
- If you are not a U.S. resident, you will typically have a flat 30% federal withholding, and state taxes may differ from what is listed above. Consult with your local government tax authority for more information if you are not a U.S. resident.
- The states modify their tax withholding rates from time to time, and this chart is accurate as to our latest information we could track down. It is possible that the tax rate provided above is outdated, although we try not to let that happen. If you are aware of a percentage being out of date, please contact us to let us know, and we will update it.
- If you win the jackpot, consult a good accountant and tax attorney for ways to minimize your tax liability.
| |
Jackpot Alerts
Powerball
