Powerball Payout Calculator by State
Select your state to see the actual 2026 take-home pay after Federal and State tax withholdings.
Powerball State Tax FAQs
In 2026, states with no state income tax—including Florida, Texas, Nevada, South Dakota, Washington, and Wyoming—do not tax lottery prizes. Additionally, California and Delaware exempt state lottery winnings from their state income tax despite having one.
New York remains the highest taxing state for lottery winners in 2026 with a rate of 8.82%. However, if you win in New York City, an additional city tax of 3.876% applies, bringing the total state/local tax to over 12.6%.
Tax is withheld by the state where the ticket was purchased. If you live in a different state, you may owe the difference to your home state, but you typically receive a credit for the taxes already paid to the “source” state.
The IRS requires a 24% mandatory withholding on winnings. However, because a lottery win of this size will instantly put you into the highest 2026 tax bracket, your actual liability will be 37%. We use 37% to show your true final take-home amount.
The “Cash Option” is the actual cash the lottery has on hand. In 2026, due to prevailing interest rates, the cash value is typically around 51% of the advertised annuity jackpot.