💵 Powerball payout & tax calculator

Advertised jackpot (annuity) $600 Million Cash value (lump sum) $252.7 Million Federal income tax rate 24% is withheld when you claim; the top bracket of 37% usually applies to the rest at filing time.

State tax rate or enter %

I am not a U.S. resident (30% federal withholding)

Take the cash

$159,201,000

after taxes · $252,700,000 − 37%

Take the annuity

$378,000,000

Total over 29 years after taxes

First payment: $5,689,442
Last (30th) payment: $23,418,517

Each yearly payment is 5% larger than the last.

Cash or annuity?

Most jackpot winners take the cash. It is smaller up front, but the money can be invested right away and future tax-law changes matter less. The annuity pays more in total, protects against overspending and passes to your estate if you die before all 30 payments are made.