Current National Jackpots
Powerball After-Tax Calculator
Calculate your estimated take-home winnings for Powerball after federal, state, and local taxes.
Current Jackpot
$716.0M
Cash Value
$307.2M
Next Drawing
Sun, May 3
Lottery After-Tax Calculator
Estimate your real take-home prize
Lottery tax calculations are estimates only and may not reflect your final tax liability. This website does not provide legal, tax, financial, or investment advice. Always consult a qualified CPA, lottery attorney, estate attorney, and fiduciary financial advisor before claiming a prize.
Understanding Powerball Taxes
Powerball jackpot winners face significant tax obligations. The federal government withholds 24% immediately, but the final tax liability is typically at the 37% top marginal rate for large prizes. State taxes vary widely — some states have no lottery tax while others charge up to 10.9%.
If you choose the lump sum, you'll receive a reduced amount upfront (typically 50-60% of the jackpot). The annuity option pays out the full jackpot over 30 graduated annual payments, with each payment increasing by about 5%.
Powerball Details
Drawing Schedule
Mon, Wed, Sat
Jackpot Odds
1 in 292,201,338
Last Winning Numbers
18 26 49 50 54 01 PB: 3
Official Source
Visit Official Site