$100 Million Lottery Jackpot After Taxes
A $100 million Powerball or Mega Millions jackpot never pays $100 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…)
$29,654,043
29.65% of the advertised jackpot
Lump sum, New York (10.9%)
$24,531,043
NYC residents net even less (14.776% combined)
Annuity total, no-tax state
$64,321,282
30 payments over 29 years, each +5%
$100 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 | $29,654,043 | $64,321,282 |
| California | None | $29,654,043 | $64,321,282 |
| Delaware | None | $29,654,043 | $64,321,282 |
| Florida | None | $29,654,043 | $64,321,282 |
| Nevada(no lottery) | None | $29,654,043 | $64,321,282 |
| New Hampshire | None | $29,654,043 | $64,321,282 |
| South Dakota | None | $29,654,043 | $64,321,282 |
| Tennessee | None | $29,654,043 | $64,321,282 |
| Texas | None | $29,654,043 | $64,321,282 |
| Washington | None | $29,654,043 | $64,321,282 |
| Wyoming | None | $29,654,043 | $64,321,282 |
| Arizona | 2.5% | $28,479,043 | $61,821,282 |
| North Dakota | 2.5% | $28,479,043 | $61,821,282 |
| Ohio | 2.75% | $28,361,543 | $61,571,282 |
| Indiana | 3% | $28,244,043 | $61,321,282 |
| Louisiana | 3% | $28,244,043 | $61,321,282 |
| Pennsylvania | 3.07% | $28,211,143 | $61,251,282 |
| Kentucky | 3.5% | $28,009,043 | $60,821,282 |
| Iowa | 3.8% | $27,868,043 | $60,521,282 |
| Arkansas | 3.9% | $27,821,043 | $60,421,282 |
| North Carolina | 3.99% | $27,778,743 | $60,331,282 |
| Mississippi | 4% | $27,774,043 | $60,321,282 |
| Michigan | 4.25% | $27,656,543 | $60,071,282 |
| Colorado | 4.4% | $27,586,043 | $59,921,282 |
| Utah(no lottery) | 4.5% | $27,539,043 | $59,821,282 |
| Nebraska | 4.55% | $27,515,543 | $59,771,282 |
| Missouri | 4.7% | $27,445,043 | $59,621,282 |
| Oklahoma | 4.75% | $27,421,543 | $59,571,282 |
| West Virginia | 4.82% | $27,388,643 | $59,501,282 |
| Illinois | 4.95% | $27,327,543 | $59,371,282 |
| Alabama(no lottery) | 5% | $27,304,043 | $59,321,282 |
| Georgia | 5.19% | $27,214,743 | $59,131,282 |
| Idaho | 5.3% | $27,163,043 | $59,021,282 |
| Kansas | 5.7% | $26,975,043 | $58,621,282 |
| Virginia | 5.75% | $26,951,543 | $58,571,282 |
| Montana | 5.9% | $26,881,043 | $58,421,282 |
| New Mexico | 5.9% | $26,881,043 | $58,421,282 |
| Rhode Island | 5.99% | $26,838,743 | $58,331,282 |
| South Carolina | 6.2% | $26,740,043 | $58,121,282 |
| Connecticut | 6.99% | $26,368,743 | $57,331,282 |
| Maine | 7.15% | $26,293,543 | $57,171,282 |
| Wisconsin | 7.65% | $26,058,543 | $56,671,282 |
| Vermont | 8.75% | $25,541,543 | $55,571,282 |
| Maryland | 8.95% | $25,447,543 | $55,371,282 |
| Massachusetts | 9% | $25,424,043 | $55,321,282 |
| Minnesota | 9.85% | $25,024,543 | $54,471,282 |
| Oregon | 9.9% | $25,001,043 | $54,421,282 |
| District of Columbia | 10.75% | $24,601,543 | $53,571,282 |
| New Jersey | 10.75% | $24,601,543 | $53,571,282 |
| New York | 10.9% | $24,531,043 | $53,421,282 |
| Hawaii(no lottery) | 11% | $24,484,043 | $53,321,282 |
Other jackpot sizes
$100 Million jackpot FAQ
How much is the $100 million jackpot after taxes?
Taking the lump sum (cash value about 47% of the advertised jackpot), you would net roughly $29,654,043 in a no-tax state like Texas or Florida, down to about $24,531,043 in New York (10.9% state tax). The 30-year annuity nets roughly $64,321,282 in total in a no-tax state.
Why do I lose more than half of a $100 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.