CNBC.COM
Powerball's jackpot has climbed to $1.8 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: $500,014,980
- Annuity: $1,090,289,400
Arkansas
- Lump sum: $488,445,380
- Annuity: $1,065,089,400
California
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
Colorado
- Lump sum: $484,313,380
- Annuity: $1,056,089,400
Connecticut
- Lump sum: $462,909,620
- Annuity: $1,009,469,400
Delaware
- Lump sum: $466,132,580
- Annuity: 1,016,489,400
Florida
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
Georgia
- Lump sum: $477,784,820
- Annuity: $1,041,869,400
Idaho
- Lump sum: $473,611,500
- Annuity: $1,032,779,400
Illinois
- Lump sum: $479,768,180
- Annuity: $1,046,189,400
Indiana
- Lump sum: $495,882,980
- Annuity: $1,081,289,400
Iowa
- Lump sum: $489,271,780
- Annuity: $1,066,889,400
Kansas
- Lump sum: $473,570,180
- Annuity: $1,032,689,400
Kentucky
- Lump sum: $487,618,980
- Annuity: $1,063,289,400
Louisiana
- Lump sum: $495,882,980
- Annuity: $1,081,289,400
Maine
- Lump sum: $461,587,380
- Annuity: $1,006,589,400
Maryland
- Lump sum: $442,166,980
- Annuity: $964,289,400
Massachusetts
- Lump sum: $446,298,980
- Annuity: $973,289,400
Michigan
- Lump sum: $485,552,980
- Annuity: $1,058,789,400
Minnesota
- Lump sum: $439,274,580
- Annuity: $957,989,400
Mississippi
- Lump sum: $484,313,380
- Annuity: $1,056,089,400
Missouri
- Lump sum: $481,834,180
- Annuity: $1,050,689,400
Montana
- Lump sum: $471,917,380
- Annuity: $1,029,089,400
Nebraska
- Lump sum: $477,702,180
- Annuity: $1,041,689,400
New Hampshire
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
New Jersey
- Lump sum: $431,836,980
- Annuity: $941,789,400
New Mexico
- Lump sum: $471,917,380
- Annuity: $1,029,089,400
New York
- Lump sum: $430,597,380
- Annuity: $939,089,400
North Carolina
- Lump sum: $485,552,980
- Annuity: $1,058,789,400
North Dakota
- Lump sum: $496,709,380
- Annuity: $1,083,089,400
Ohio
- Lump sum: $494,849,980
- Annuity: $1,079,039,400
Oklahoma
- Lump sum: $481,420,980
- Annuity: $1,049,789,400
Oregon
- Lump sum: $438,861,380
- Annuity: $957,089,400
Pennsylvania
- Lump sum: $495,304,500
- Annuity: $1,080,029,400
Rhode Island
- Lump sum: $471,173,620
- Annuity: $1,027,469,400
South Carolina
- Lump sum: $469,438,180
- Annuity: $1,023,689,400
South Dakota
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
Tennessee
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
Texas
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
Vermont
- Lump sum: $448,364,980
- Annuity: $977,789,400
Virginia
- Lump sum: $473,156,980
- Annuity: $1,031,789,400
Washington
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
Washington, D.C.
- Lump sum: $431,836,980
- Annuity: $941,789,400
West Virginia
- Lump sum: $480,842,500
- Annuity: $1,048,529,400
Wisconsin
- Lump sum: $457,455,380
- Annuity: $997,589,400
Wyoming
- Lump sum: $520,674,980
- Annuity: $1,135,289,400
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