Powerball Annuity Cash Converter

Here's how much money you’ll take home if you﷽ choose the cash lump sum option on your💃 dream Powerball jackpot win.

Annuity jackpot

Enter an amo🐠unt to find the estimated cash lump sum and associated taxes.

Cash lump sum jackpot

The estimated🥀 cash jackpot when the advertised jackpot𝓰 is $20,000,000.

$9,000,000

Federal tax

Select your filing status.

-$2,160,000

State tax

Select your state.

-$432,000

Net jackpot after tax

$6,408,000

Notes

  • The cash lump sum jackpot value shown here is an estimate calculated based on percentages used by the most recent Powerball draw.
  • The lottery always withholds 24% of jackpot payments for federal taxes. You'll owe any additional taxes when you file your next return.
  • We assume single state residency only and do not consider non-state resident tax. In the situation when the winner resides in a different state than the one where the winnings were registered, additional state taxes may be added.
  • In some states, the lottery may also withhold a percentage of winnings for state taxes.