Compare lump sum vs. annuity after federal and state taxes.
Take-Home Amount—
Pre-Tax Payout—
Federal Tax—
State Tax—
Annual Payment (Annuity)—
Key Facts:
Lump Sum Cash Value ≈ 50-60% of advertised jackpot
Federal tax bracket for prizes > $1M: 37%
Annuity: 30 graduated annual payments over 29 years
Powerball Payout Options
Winners choose between a lump sum (about 50-60% of the advertised jackpot) or an annuity paid in 30 graduated installments. Each option has different tax implications and investment considerations.