Calculating for:
Powerball
Next: Sat, Mar 28Advertised Jackpot
$million
$500.0M jackpot
Lump Sum (Take It All Now)
Before tax$300.0M
Federal tax (37%)−$111.0M
California (13.3%)−$39.9M
Total taxes (50.3%)−$150.9M
You keep$149.1M
Annuity (30 Payments Over 29 Years)
Before tax$500.0M
Federal tax (37%)−$185.0M
California (13.3%)−$66.5M
Total taxes (50.3%)−$251.5M
You keep$248.5M
Mega Millions
Next: Fri, Mar 27Advertised Jackpot
$million
$350.0M jackpot
Lump Sum (Take It All Now)
Before tax$210.0M
Federal tax (37%)−$77.7M
California (13.3%)−$27.9M
Total taxes (50.3%)−$105.6M
You keep$104.4M
Annuity (30 Payments Over 29 Years)
Before tax$350.0M
Federal tax (37%)−$129.5M
California (13.3%)−$46.5M
Total taxes (50.3%)−$176.1M
You keep$173.9M
All values are estimates only and are not tax or financial advice. Actual take-home amounts vary based on individual tax situations. Consult a qualified tax professional before making financial decisions.