Powerball’s jackpot is $1.6 billion—see the after-tax payout by state

After 45 drawings with no jackpot winner, the Powerball jackpot has climbed to $1.6 billion ahead of Monday night’s drawing at 10:59 p.m. ET.

The jackpot ranks as the fourth largest in Powerball history and the fifth largest among U.S. lottery jackpots, according to the Multi-State Lottery Association, which runs the lottery.

To win the jackpot, a ticketholder must match all six numbers on their ticket. The winner would then choose between an annuitized prize estimated at $1.6 billion or a lump-sum payment estimated at $735.3 million. The annuity option includes one immediate payment followed by 29 annual payments that increase by 5% each year.

Both options are before taxes. Winnings are subject to an automatic 24% federal withholding, but winners can expect to be in the top 37% marginal tax bracket when they file their 2025 return.

State taxes can reduce winnings even further. Eight states — California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — do not tax lottery winnings at all, while most others levy state taxes of roughly 4% to 6%.

Below is a state-by-state breakdown of how much winners could take home under both payout options, listed alphabetically by each state and district, per usamega.com.

• Lump sum: $444,899,480
• Annuity: $969,289,380

• Lump sum: $434,605,280
• Annuity: $946,889,400

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

• Lump sum: $430,928,780
• Annuity: $938,889,390

• Lump sum: $411,884,510
• Annuity: $897,449,400

• Lump sum: $414,752,180
• Annuity: $903,689,400

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

• Lump sum: $425,119,910
• Annuity: $926,249,400

• Lump sum: $421,406,645
• Annuity: $918,169,380

• Lump sum: $426,884,630
• Annuity: $930,089,400

• Lump sum: $441,222,980
• Annuity: $961,289,400

• Lump sum: $435,340,580
• Annuity: $948,489,390

• Lump sum: $421,369,880
• Annuity: $918,089,400

• Lump sum: $433,869,980
• Annuity: $945,289,380

• Lump sum: $441,222,980
• Annuity: $961,289,400

• Lump sum: $410,708,030
• Annuity: $894,889,380

• Lump sum: $393,428,480 
• Annuity: $857,289,390

• Lump sum: $397,104,980
• Annuity: $865,289,400

• Lump sum: $432,031,730
• Annuity: $941,289,390

• Lump sum: $390,854,930
• Annuity: $851,689,380

• Lump sum: $430,928,780
• Annuity: $938,889,390

• Lump sum: $428,722,880
• Annuity: $934,089,390 

• Lump sum: $419,899,280 
• Annuity: $914,889,390

• Lump sum: $425,046,380
• Annuity: $926,089,380

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

• Lump sum: $384,237,230
• Annuity: $837,289,380

• Lump sum: $419,899,280
• Annuity: $914,889,390

• Lump sum: $383,134,280
• Annuity: $834,889,380

• Lump sum: $432,031,730
• Annuity: $941,289,390

• Lump sum: $441,958,280
• Annuity: $962,889,390

• Lump sum: $440,303,855
• Annuity: $959,289,390

• Lump sum: $428,355,230
• Annuity: $933,289,380

• Lump sum: $390,487,280
• Annuity: $850,889,400

• Lump sum: $440,708,270
• Annuity: $960,169,380

• Lump sum: $419,237,510 
• Annuity: $913,449,390

• Lump sum: $417,693,380
• Annuity: $910,089,390

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

• Lump sum: $398,943,230
• Annuity: $869,289,390

• Lump sum: $421,002,230
• Annuity: $917,289,390

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

• Lump sum: $384,237,230
• Annuity: $837,289,380

• Lump sum: $427,840,520
• Annuity: $932,169,390

• Lump sum: $407,031,530
• Annuity: $886,889,400

• Lump sum: $463,281,980
• Annuity: $1,009,289,400

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