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
May 20, 202610 28 30 46 57 25
May 18, 202604 13 34 61 65 12
May 16, 202608 37 40 44 65 18
May 13, 202622 31 52 56 67 15
May 11, 202624 30 37 56 64 07
Mega Millions
May 22, 202603 22 34 54 61
May 19, 202610 26 34 56 64
May 15, 202617 23 25 52 61
May 12, 202617 32 35 40 47
May 8, 202637 47 49 51 58
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?
We have seen lottery winners across the country sell their annuity payments when they need cash now. If you chose the annuity and want to explore your options, the best first step is to find out what your remaining payments are worth.
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 after taxes you may keep only 40 to 60 cents of every dollar. 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 ranges from 0% to over 10% depending on where you live. 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.