How much is the $674 Million Powerball jackpot after taxes?
About $178,907,000 for a single winner who takes the $283.9 Million cash option and lives in a state with no lottery tax, after about $104,993,000 in federal income tax. In New York City, where the take-home is lowest, the same winner keeps about $136,959,243. Taking the annuity instead pays about $426,119,991 after federal tax over 30 payments.
| Where the winner lives | Lump sum after tax | Annuity after tax (30 payments) |
|---|---|---|
| No state tax (Texas, Florida and others) | $178,907,000 | $426,119,991 |
| Illinois (flat 4.95%) | $164,853,950 | $392,756,989 |
| New York City | $136,959,243 | $328,426,900 |
Advertised jackpot $674 Million for the October 24, 2026 drawing, single filer with no other income, 2026 rates; updated every day. Pick your state and filing status in the calculator above. Prizes for every other tier are in the Powerball payout chart, and every state is in the payout by state table.
Current Powerball jackpot
| Estimated jackpot (annuity) | $674 Million |
|---|---|
| Cash value (lump sum) | $283.9 Million |
| Figures as of | October 22, 2026 |
| Drawings | Monday, Wednesday and Saturday at 10:59 p.m. ET |
| Ticket price | $2 |
Jackpot estimate from the New York Lottery, updated automatically every day. Official game site: powerball.com. Advertised amounts are before taxes.
How the Powerball payout works
The advertised Powerball jackpot is the annuity: one immediate payment followed by 29 annual payments, each 5% larger than the one before. The cash value, $283.9 Million for this drawing (42.1% of the jackpot), is the money in the prize pool, paid at once if the winner chooses the lump sum. Both figures are before taxes.
The jackpot odds per play are 1 in 292,201,338. Compare every prize tier and ticket expected value in Powerball odds and prize probabilities. If your ticket has won, follow the lottery winner claim checklist before deciding how to receive the money.
Since July 21, 2026, Powerball tickets are also sold in the United Kingdom. A U.S. winner's prize is calculated the same way, but if the jackpot is won in both countries it is split by cash value among all winning tickets, so enter the total number of winning tickets under “More options”.
Follow the current Powerball cash option from claim to filing
- Use the announced cash value, $283,900,000, rather than the advertised $674 Million annuity.
- Subtract the $2 ticket cost only for the withholding base. Multiply that base by 24%: the initial federal withholding is $68,136,000.
- The initial payment is about $215,764,000 in Texas. This is money paid at claim, before settling your final tax return.
- For a single filer with no other income, estimated final federal tax is $104,993,000. Subtract the withholding already paid: $36,857,000 remains, leaving $178,907,000 after estimated final tax.
Illustration at 2026 rates, no credits or itemized deductions. Cash estimate published October 22, 2026; IRS withholding rules. This is a calculated scenario, not a winner’s tax return. See the bracket-by-bracket example.
Taxes on Powerball winnings
The Powerball jackpot calculator above starts with the current jackpot and its cash value, then subtracts federal and state income tax for the state you pick, plus city tax in New York City and Yonkers. Why the 24% withheld at claim is not the final bill is explained in taxes on lottery winnings.
See every state's rate in the lottery tax by state table, or compare payment options with the Powerball annuity calculator.
Powerball payout chart after taxes
Every Powerball prize below the jackpot is a set cash amount. Power Play multiplies those prizes: for this drawing the multiplier can be 2X to 5X, since the 10X multiplier is only in play when the advertised jackpot is $150 million or less. Match 5 with Power Play always pays $2,000,000 (Powerball prize chart). Only the $50,000 and $1,000,000 prizes are large enough for federal withholding: on the $1,000,000 prize the lottery withholds about $240,000, and the final federal tax is about $337,180.
| Match | Prize | With Power Play | Odds | Take-home |
|---|---|---|---|---|
| 5 + Powerball | Jackpot | — | 1 in 292,201,338 | See the calculator above |
| 5 | $1,000,000 | $2,000,000 | 1 in 11,688,054 | $662,820 |
| 4 + Powerball | $50,000 | $100,000–$250,000 | 1 in 913,129 | $39,650 |
| 4 | $100 | $200–$500 | 1 in 36,525 | $88.00 |
| 3 + Powerball | $100 | $200–$500 | 1 in 14,494 | $88.00 |
| 3 | $7 | $14–$35 | 1 in 579.76 | $6.00 |
| 2 + Powerball | $7 | $14–$35 | 1 in 701.33 | $6.00 |
| 1 + Powerball | $4 | $8–$20 | 1 in 91.98 | $4.00 |
| Powerball only | $4 | $8–$20 | 1 in 38.32 | $4.00 |
Take-home after 2026 federal income tax for a single filer who already earns $60,000 a year and lives in a state with no tax on lottery prizes. Your own figure: enter the prize in the lottery tax calculator. Take-home is for the prize without Power Play. Odds per $2 play; the overall odds of winning any prize are 1 in 24.87. In California, prizes below the jackpot are pari-mutuel and differ from these amounts.
Cite this table
Source: Jackpot Calculator, Powerball payout chart after taxes (2026 federal rates).
Powerball payout by state: $674 Million jackpot
For the $674 Million jackpot in the Saturday, October 24, 2026 drawing ($283.9 Million cash, estimated October 21), a single winner keeps the most — about $178,907,000 from the lump sum — in the states with no tax on lottery prizes: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. The least is in New York City, about $136,959,243. This table is recalculated every day as the Powerball jackpot changes.
| State | State & local tax (lump sum) | Lump sum take-home | Annuity take-home (30 payments) |
|---|---|---|---|
| Arizona | $7,097,500 | $171,809,500 | $409,269,988 |
| Arkansas | $11,072,013 | $167,834,987 | $399,836,611 |
| California | $0 | $178,907,000 | $426,119,991 |
| Colorado | $12,491,600 | $166,415,400 | $396,463,990 |
| Connecticut | $19,840,910 | $159,066,090 | $379,118,391 |
| Delaware | $18,736,384 | $160,170,616 | $381,666,485 |
| District of Columbia | $30,503,275 | $148,403,725 | $354,144,239 |
| Florida | $0 | $178,907,000 | $426,119,991 |
| Georgia | $14,165,862 | $164,741,138 | $392,509,848 |
| Idaho | $15,046,445 | $163,860,555 | $390,405,638 |
| Illinois | $14,053,050 | $164,853,950 | $392,756,989 |
| Indiana | $8,375,050 | $170,531,950 | $406,236,988 |
| Iowa | $10,788,200 | $168,118,800 | $400,507,995 |
| Kansas | $15,841,533 | $163,065,467 | $388,513,414 |
| Kentucky | $9,936,500 | $168,970,500 | $402,529,989 |
| Louisiana | $8,517,000 | $170,390,000 | $405,899,990 |
| Maine | $20,298,330 | $158,608,670 | $377,944,584 |
| MarylandIncludes average county tax | $27,142,505 | $151,764,495 | $361,864,380 |
| Massachusetts | $25,507,674 | $153,399,326 | $366,759,771 |
| Michigan | $12,065,750 | $166,841,250 | $397,474,992 |
| Minnesota | $27,958,455 | $150,948,545 | $359,901,843 |
| Mississippi | $11,355,600 | $167,551,400 | $399,171,989 |
| Missouri | $13,343,119 | $165,563,881 | $394,447,408 |
| Montana | $16,039,899 | $162,867,101 | $388,052,532 |
| Nebraska | $12,917,149 | $165,989,851 | $395,462,014 |
| New Hampshire | $0 | $178,907,000 | $426,119,991 |
| New Jersey | $30,486,326 | $148,420,674 | $354,652,727 |
| New Mexico | $16,747,458 | $162,159,542 | $386,433,249 |
| New York | $30,944,228 | $147,962,772 | $354,538,086 |
| New York City | $41,947,757 | $136,959,243 | $328,426,900 |
| North Carolina | $11,327,610 | $167,579,390 | $399,227,395 |
| North Dakota | $7,095,208 | $171,811,792 | $409,338,745 |
| Ohio | $7,806,866 | $171,100,134 | $407,596,522 |
| Oklahoma | $12,775,285 | $166,131,715 | $395,796,434 |
| Oregon | $28,104,344 | $150,802,656 | $359,446,685 |
| Pennsylvania | $8,715,730 | $170,191,270 | $405,428,192 |
| Rhode Island | $17,002,478 | $161,904,522 | $385,841,365 |
| South Carolina | $17,033,344 | $161,873,656 | $385,699,673 |
| South Dakota | $0 | $178,907,000 | $426,119,991 |
| Tennessee | $0 | $178,907,000 | $426,119,991 |
| Texas | $0 | $178,907,000 | $426,119,991 |
| Vermont | $24,835,576 | $154,071,424 | $367,315,215 |
| Virginia | $16,323,993 | $162,583,007 | $387,372,714 |
| Washington | $0 | $178,907,000 | $426,119,991 |
| West Virginia | $13,683,142 | $165,223,858 | $393,658,345 |
| Wisconsin | $21,709,928 | $157,197,072 | $374,811,665 |
| Wyoming | $0 | $178,907,000 | $426,119,991 |
Single filer living in the state, no other income, 2026 federal and state rates. Federal tax on the Powerball cash value is the same everywhere: about $104,993,000. Maryland includes the average county income tax; other county and city taxes outside New York City are not included. Choose your state and filing status in the Powerball calculator above, or compare rates in lottery tax by state.
Cite this table
Source: Jackpot Calculator, Powerball payout by state (estimate published October 21, 2026).
Recent Powerball jackpots
We record the advertised Powerball jackpot and cash value before every drawing, starting Oct 1, 2026. When the next Powerball jackpot is smaller than the one before it, that drawing's jackpot was won.
| Drawing | Jackpot (annuity) | Cash value | Result |
|---|---|---|---|
| Oct 24, 2026 | $674 Million | $283.9 Million | Upcoming |
| Oct 21, 2026 | $635 Million | $267.5 Million | Rolled over |
| Oct 19, 2026 | $607 Million | $255.7 Million | Rolled over |
| Oct 17, 2026 | $600 Million | $246 Million | Rolled over |
| Oct 14, 2026 | $562 Million | $230.4 Million | Rolled over |
| Oct 12, 2026 | $538 Million | $220.6 Million | Rolled over |
| Oct 10, 2026 | $516 Million | $212.6 Million | Rolled over |
| Oct 7, 2026 | $485 Million | $199.8 Million | Rolled over |
| Oct 5, 2026 | $467 Million | $192.4 Million | Rolled over |
| Oct 3, 2026 | $440 Million | $183.1 Million | Rolled over |
Figures are the New York Lottery's published estimates for each drawing, recorded once a day. For the biggest Powerball jackpots ever won and what each winner would keep after taxes, see the largest Powerball and Mega Millions jackpots.
Common questions
How are Powerball annuity payments made?
As 30 payments over 29 years: one when you claim, then one a year, each 5% larger than the last. For the current $674 Million jackpot that means $10,144,667 at first, rising to $41,756,826, with each payment taxed in the year it arrives.
How much is withheld when you claim a Powerball jackpot?
The lottery withholds 24% for federal tax from the prize minus the $2 ticket price, plus state tax in most states. For the current cash value that is $68,136,000 federal, but the final federal bill at the 37% bracket is about $104,993,000.
How much is the Powerball $1 million prize after taxes?
The lottery withholds about $240,000 (24% of the prize minus the $2 ticket) when you claim. For a single filer already earning $60,000, the final federal tax is about $337,180, leaving about $662,820 before state tax. With Power Play the prize is $2,000,000, about $1,292,820 after federal tax.