$750 Million Lottery Jackpot After Taxes
A $750 million Powerball or Mega Millions jackpot never pays $750 million in cash. The lump sum is about 47% of the advertised number, federal tax reaches the 37% bracket, and the state where you bought the ticket may take up to 10.9% more. Here is the real math for every state (rates as of January 2026).
Lump sum, no-tax state (TX, FL, CA…)
$222,119,043
29.62% of the advertised jackpot
Lump sum, New York (10.9%)
$183,696,543
NYC residents net even less (14.776% combined)
Annuity total, no-tax state
$473,821,282
30 payments over 29 years, each +5%
$750 Million after taxes in every state
Net lump sum (47% cash value) and net 30-year annuity total after federal and state taxes. Sorted from highest to lowest take-home.
| State | State tax | Lump sum net | Annuity net (total) |
|---|---|---|---|
| Alaska(no lottery) | None | $222,119,043 | $473,821,282 |
| California | None | $222,119,043 | $473,821,282 |
| Delaware | None | $222,119,043 | $473,821,282 |
| Florida | None | $222,119,043 | $473,821,282 |
| Nevada(no lottery) | None | $222,119,043 | $473,821,282 |
| New Hampshire | None | $222,119,043 | $473,821,282 |
| South Dakota | None | $222,119,043 | $473,821,282 |
| Tennessee | None | $222,119,043 | $473,821,282 |
| Texas | None | $222,119,043 | $473,821,282 |
| Washington | None | $222,119,043 | $473,821,282 |
| Wyoming | None | $222,119,043 | $473,821,282 |
| Arizona | 2.5% | $213,306,543 | $455,071,282 |
| North Dakota | 2.5% | $213,306,543 | $455,071,282 |
| Ohio | 2.75% | $212,425,293 | $453,196,282 |
| Indiana | 3% | $211,544,043 | $451,321,282 |
| Louisiana | 3% | $211,544,043 | $451,321,282 |
| Pennsylvania | 3.07% | $211,297,293 | $450,796,282 |
| Kentucky | 3.5% | $209,781,543 | $447,571,282 |
| Iowa | 3.8% | $208,724,043 | $445,321,282 |
| Arkansas | 3.9% | $208,371,543 | $444,571,282 |
| North Carolina | 3.99% | $208,054,293 | $443,896,282 |
| Mississippi | 4% | $208,019,043 | $443,821,282 |
| Michigan | 4.25% | $207,137,793 | $441,946,282 |
| Colorado | 4.4% | $206,609,043 | $440,821,282 |
| Utah(no lottery) | 4.5% | $206,256,543 | $440,071,282 |
| Nebraska | 4.55% | $206,080,293 | $439,696,282 |
| Missouri | 4.7% | $205,551,543 | $438,571,282 |
| Oklahoma | 4.75% | $205,375,293 | $438,196,282 |
| West Virginia | 4.82% | $205,128,543 | $437,671,282 |
| Illinois | 4.95% | $204,670,293 | $436,696,282 |
| Alabama(no lottery) | 5% | $204,494,043 | $436,321,282 |
| Georgia | 5.19% | $203,824,293 | $434,896,282 |
| Idaho | 5.3% | $203,436,543 | $434,071,282 |
| Kansas | 5.7% | $202,026,543 | $431,071,282 |
| Virginia | 5.75% | $201,850,293 | $430,696,282 |
| Montana | 5.9% | $201,321,543 | $429,571,282 |
| New Mexico | 5.9% | $201,321,543 | $429,571,282 |
| Rhode Island | 5.99% | $201,004,293 | $428,896,282 |
| South Carolina | 6.2% | $200,264,043 | $427,321,282 |
| Connecticut | 6.99% | $197,479,293 | $421,396,282 |
| Maine | 7.15% | $196,915,293 | $420,196,282 |
| Wisconsin | 7.65% | $195,152,793 | $416,446,282 |
| Vermont | 8.75% | $191,275,293 | $408,196,282 |
| Maryland | 8.95% | $190,570,293 | $406,696,282 |
| Massachusetts | 9% | $190,394,043 | $406,321,282 |
| Minnesota | 9.85% | $187,397,793 | $399,946,282 |
| Oregon | 9.9% | $187,221,543 | $399,571,282 |
| District of Columbia | 10.75% | $184,225,293 | $393,196,282 |
| New Jersey | 10.75% | $184,225,293 | $393,196,282 |
| New York | 10.9% | $183,696,543 | $392,071,282 |
| Hawaii(no lottery) | 11% | $183,344,043 | $391,321,282 |
Other jackpot sizes
$750 Million jackpot FAQ
How much is the $750 million jackpot after taxes?
Taking the lump sum (cash value about 47% of the advertised jackpot), you would net roughly $222,119,043 in a no-tax state like Texas or Florida, down to about $183,696,543 in New York (10.9% state tax). The 30-year annuity nets roughly $473,821,282 in total in a no-tax state.
Why do I lose more than half of a $750 million jackpot?
Two discounts stack: the lump-sum cash value is only about 47% of the advertised number, and then federal tax takes an effective ~37% of that at jackpot size, plus state tax of 0–10.9%. The advertised figure is the pre-tax 30-year annuity total, not what anyone takes home in cash.
Should I take the lump sum or the annuity?
The annuity delivers a larger after-tax total and built-in spending discipline; the lump sum gives immediate control and the chance to out-invest the annuity's implicit return. Most winners take the cash, but the right answer depends on your discipline, age, and investment plan — see our lump sum vs annuity guide.