Jackpot CalculatorData as of Oct 1, 2026

Powerball Calculator

See what the current Powerball jackpot could be worth after taxes.

Game
440 million USDAdvertised annuity total
Official
183.1 million USDPublished cash option
More options

Choose your state to include state tax. The figures below include federal tax only.

Estimated take-home

Cash option

$115.40M

Estimates only. Not tax or financial advice.

How we calculate

Cash option breakdown

Cash value$183,100,000
Federal income taxup to the 37% bracket−$67,697,000
State tax$0
Take-home$115,403,000

Final estimated taxes, not just withholding.

Annuity

$278.70MTotal over 30 payments

Today's value$145.19MAt 4% discount rate

Claim vs. final tax

At claim
$139.16M
After initial federal withholding (24%)
Additional federal tax
$23.75M
Due when you file your tax return

When you claim, the lottery withholds federal $43,944,000 (24%), so you receive about $139,156,000. You would owe about $23,753,001 more federal tax when you file.

About your estimate

Game
Powerball
Jackpot
$440,000,000
Your state
Federal only
Filing status
Single

2026 tax brackets. Actual results may vary.

Report an error
Year-by-year annuity payments
PaymentBefore taxFederal taxState & local taxTake-home
1$6,622,631$2,400,374$0$4,222,258
2$6,953,763$2,522,893$0$4,430,870
3$7,301,451$2,651,537$0$4,649,914
4$7,666,524$2,786,614$0$4,879,910
5$8,049,850$2,928,445$0$5,121,405
6$8,452,342$3,077,367$0$5,374,975
7$8,874,960$3,233,735$0$5,641,224
8$9,318,707$3,397,922$0$5,920,785
9$9,784,643$3,570,318$0$6,214,325
10$10,273,875$3,751,334$0$6,522,541
11$10,787,569$3,941,401$0$6,846,168
12$11,326,947$4,140,971$0$7,185,976
13$11,893,295$4,350,519$0$7,542,775
14$12,487,959$4,570,545$0$7,917,414
15$13,112,357$4,801,572$0$8,310,785
16$13,767,975$5,044,151$0$8,723,824
17$14,456,374$5,298,859$0$9,157,515
18$15,179,193$5,566,302$0$9,612,891
19$15,938,152$5,847,117$0$10,091,036
20$16,735,060$6,141,972$0$10,593,087
21$17,571,813$6,451,571$0$11,120,242
22$18,450,403$6,776,650$0$11,673,754
23$19,372,924$7,117,982$0$12,254,942
24$20,341,570$7,476,381$0$12,865,189
25$21,358,648$7,852,700$0$13,505,948
26$22,426,581$8,247,835$0$14,178,746
27$23,547,910$8,662,727$0$14,885,183
28$24,725,305$9,098,363$0$15,626,942
29$25,961,570$9,555,781$0$16,405,789
30$27,259,649$10,036,070$0$17,223,579
Total$440,000,000$161,300,007$0$278,699,993

Assumes 2026 tax brackets stay the same and no other income unless entered above.

See how the annuity grows
Annual take-home (after tax)
30 after-tax annuity payments. Exact amounts are listed in the payment table.$20.00M$15.00M$10.00M$5.00M$0Payment 1: $4,222,258 after taxPayment 2: $4,430,870 after taxPayment 3: $4,649,914 after taxPayment 4: $4,879,910 after taxPayment 5: $5,121,405 after taxPayment 6: $5,374,975 after taxPayment 7: $5,641,224 after taxPayment 8: $5,920,785 after taxPayment 9: $6,214,325 after taxPayment 10: $6,522,541 after taxPayment 11: $6,846,168 after taxPayment 12: $7,185,976 after taxPayment 13: $7,542,775 after taxPayment 14: $7,917,414 after taxPayment 15: $8,310,785 after taxPayment 16: $8,723,824 after taxPayment 17: $9,157,515 after taxPayment 18: $9,612,891 after taxPayment 19: $10,091,036 after taxPayment 20: $10,593,087 after taxPayment 21: $11,120,242 after taxPayment 22: $11,673,754 after taxPayment 23: $12,254,942 after taxPayment 24: $12,865,189 after taxPayment 25: $13,505,948 after taxPayment 26: $14,178,746 after taxPayment 27: $14,885,183 after taxPayment 28: $15,626,942 after taxPayment 29: $16,405,789 after taxPayment 30: $17,223,579 after tax130Payment year

First payment $6,622,631 before tax ($4,222,258 after). Each later payment is 5% larger.

Estimates only — not tax or financial advice. How we calculate.

Current Powerball jackpot

Estimated jackpot (annuity)$440 Million
Cash value (lump sum)$183.1 Million
Figures as ofOctober 1, 2026
DrawingsMonday, 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 is the amount in the jackpot prize pool, paid at once if the winner chooses the lump sum. Both figures are before taxes.

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”.

Taxes on Powerball winnings

At the current jackpot, a single winner in Texas who takes the cash would owe about $67,697,000 in federal income tax and take home about $115,403,000. The same winner living in New York City would also owe New York State and city tax, taking home about $88,563,555. See every state in the lottery tax by state table, or compare payment options with the Powerball annuity calculator.

Common questions

How much would the Powerball jackpot winner take home?

With the jackpot at $440 Million and a cash value of $183.1 Million, a single winner taking the lump sum keeps about $115,403,000 after federal tax in a state with no income tax, or about $88,563,555 in New York City. Choose your state above for your own estimate.

How are Powerball annuity payments made?

The annuity is paid as 30 payments over 29 years: one when you claim, then one each year. Each payment is 5% larger than the previous one, so the last is about 4.1 times the first. Each payment is taxed in the year you receive it.

How much is withheld when you claim a Powerball jackpot?

The lottery withholds 24% of the prize, minus the ticket price, for federal tax, plus state tax in most states. For the current cash value that is $43,944,000 federal, but the final federal bill at the 37% bracket is about $67,697,000.