Powerball
Next drawing: Check official site
Estimated Jackpot
$200 Million
Est. Lump Sum
$110 Million
Est. After Tax
$69 Million
(federal only)
Mega Millions
Next drawing: Check official site
Estimated Jackpot
$300 Million
Est. Lump Sum
$165 Million
Est. After Tax
$104 Million
(federal only)
Recent Winning Numbers
Powerball
Apr 6, 202607 24 37 42 57 05
Apr 4, 202603 06 13 41 65 01
Apr 1, 202604 10 11 52 64 24
Mar 30, 202607 11 31 41 57 20
Mar 28, 202611 42 43 59 61 25
Mega Millions
Apr 3, 202631 45 62 63 68
Mar 31, 202618 35 45 60 65
Mar 27, 202613 27 28 41 62
Mar 24, 202604 13 52 53 69
Mar 20, 202611 20 51 55 63
State Tax Rates on Lottery Winnings
Top marginal state income tax rates applied to lottery prizes. Federal tax (37%) applies in addition to these rates.
View all 50 states + DC tax rates
| State | Tax Rate |
|---|---|
| Alabama (AL) | 5.00% |
| Alaska (AK) | 0% |
| Arizona (AZ) | 2.50% |
| Arkansas (AR) | 4.40% |
| California (CA) | 13.30% |
| Colorado (CO) | 4.40% |
| Connecticut (CT) | 6.99% |
| Delaware (DE) | 6.60% |
| District of Columbia (DC) | 10.75% |
| Florida (FL) | 0% |
| Georgia (GA) | 5.49% |
| Hawaii (HI) | 11.00% |
| Idaho (ID) | 5.70% |
| Illinois (IL) | 4.95% |
| Indiana (IN) | 3.05% |
| Iowa (IA) | 6.00% |
| Kansas (KS) | 5.70% |
| Kentucky (KY) | 4.00% |
| Louisiana (LA) | 4.25% |
| Maine (ME) | 7.15% |
| Maryland (MD) | 5.75% |
| Massachusetts (MA) | 5.00% |
| Michigan (MI) | 4.25% |
| Minnesota (MN) | 9.85% |
| Mississippi (MS) | 5.00% |
| Missouri (MO) | 4.80% |
| Montana (MT) | 6.75% |
| Nebraska (NE) | 6.64% |
| Nevada (NV) | 0% |
| New Hampshire (NH) | 0% |
| New Jersey (NJ) | 10.75% |
| New Mexico (NM) | 5.90% |
| New York (NY) | 10.90% |
| North Carolina (NC) | 4.50% |
| North Dakota (ND) | 1.95% |
| Ohio (OH) | 3.50% |
| Oklahoma (OK) | 4.75% |
| Oregon (OR) | 9.90% |
| Pennsylvania (PA) | 3.07% |
| Rhode Island (RI) | 5.99% |
| South Carolina (SC) | 6.40% |
| South Dakota (SD) | 0% |
| Tennessee (TN) | 0% |
| Texas (TX) | 0% |
| Utah (UT) | 4.65% |
| Vermont (VT) | 8.75% |
| Virginia (VA) | 5.75% |
| Washington (WA) | 0% |
| West Virginia (WV) | 6.50% |
| Wisconsin (WI) | 7.65% |
| Wyoming (WY) | 0% |
Already Receiving Lottery Payments?
If you chose the annuity and now need a lump sum, CSF can purchase your remaining lottery payments. Get a free, no-obligation quote today.
Or call us at (800) 317-3769
Frequently Asked Questions
How often are jackpot amounts updated?
Jackpot amounts on this page are updated hourly using official lottery data feeds. Powerball drawings occur Monday, Wednesday, and Saturday evenings, while Mega Millions drawings are Tuesday and Friday evenings. After each drawing, the next estimated jackpot is usually announced within a few hours.
What is the difference between the advertised jackpot and the lump sum?
The advertised jackpot is the total you would receive over 30 annual payments (the annuity option). The lump sum, also called the cash option, is the actual cash the lottery has on hand, typically about 55% of the advertised amount. For example, a $500 million advertised jackpot might have a lump sum value of roughly $275 million before taxes.
How much will I actually take home after taxes?
Federal taxes alone reduce your lump sum by 37% (the top marginal rate for large prizes). State taxes vary from 0% in states like Florida, Texas, and Wyoming to over 10% in states like New York and New Jersey. Combined, you can expect to take home roughly 40% to 63% of the lump sum depending on your state of residence.
Should I choose the lump sum or annuity if I win?
There is no universal answer. The annuity pays more total money over 29 years and guards against overspending. The lump sum gives immediate access to invest, but you receive significantly less after taxes. Financial advisors generally suggest the lump sum for disciplined investors and the annuity for those who prefer guaranteed long-term income.
Can I sell my lottery annuity payments after choosing the annuity?
Yes. In most states, you can sell some or all of your remaining lottery annuity payments to a purchasing company like Catalina Structured Funding for an upfront lump sum. The process requires court approval and follows your state's structured settlement or lottery payment transfer laws. CSF handles all paperwork and court filings at no cost to you.
What services does Catalina Structured Funding offer for lottery winners?
CSF purchases future lottery annuity payment streams from winners who chose the annuity option and now prefer a lump sum. We offer competitive rates, handle all legal requirements and court filings, and you never pay out of pocket. You can sell all or a portion of your remaining payments.
How do state taxes affect my lottery winnings?
State income tax on lottery winnings varies significantly. Nine states have no income tax at all (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming). Meanwhile, states like New York (10.9%), New Jersey (10.75%), and Oregon (9.9%) take a substantial additional cut on top of the 37% federal rate. Some states like California exempt lottery prizes from state income tax entirely.