California Lottery Tax Calculator

Mon, Oct 5 drawing · Updated Oct 3, 2026

What a lottery prize is worth in California after federal and state tax.

Game
467 million USDAdvertised annuity total
Official
192.4 million USDPublished cash option
More options

California Lottery winnings (including Powerball and Mega Millions) are exempt from California income tax.

Estimated take-home

Cash option

$121.26M

Estimates only. Not tax or financial advice.

How we calculate

Cash option breakdown

Cash value$192,400,000
Federal income taxup to the 37% bracket−$71,138,000
California tax$0
Take-home$121,262,000

Final estimated taxes, not just withholding.

Annuity

$295.71MTotal over 30 payments

Today's value$154.05MAt 4% discount rate

Break-even return5.72%Annual discount rate matching the two after-tax payouts

Claim vs. final tax

At claim
$146.22M
After initial federal withholding (24%)
Additional federal tax
$24.96M
Due when you file your tax return

When you claim, the lottery withholds federal $46,176,000 (24%), so you receive about $146,224,000. You would owe about $24,962,000 more federal tax when you file.

About your estimate

Game
Powerball
Jackpot
$467,000,000
Your state
California
Filing status
Single

2026 tax brackets. Actual results may vary.

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See how the annuity grows
Annual take-home (after tax)
30 after-tax annuity payments. Exact amounts are listed in the payment table.$20.00M$15.00M$10.00M$5.00M$0Payment 1: $4,478,282 after taxPayment 2: $4,699,696 after taxPayment 3: $4,932,182 after taxPayment 4: $5,176,290 after taxPayment 5: $5,432,605 after taxPayment 6: $5,701,735 after taxPayment 7: $5,984,322 after taxPayment 8: $6,281,038 after taxPayment 9: $6,592,590 after taxPayment 10: $6,919,719 after taxPayment 11: $7,263,205 after taxPayment 12: $7,623,866 after taxPayment 13: $8,002,559 after taxPayment 14: $8,400,187 after taxPayment 15: $8,817,696 after taxPayment 16: $9,256,081 after taxPayment 17: $9,716,386 after taxPayment 18: $10,199,705 after taxPayment 19: $10,707,190 after taxPayment 20: $11,240,050 after taxPayment 21: $11,799,552 after taxPayment 22: $12,387,029 after taxPayment 23: $13,003,882 after taxPayment 24: $13,651,575 after taxPayment 25: $14,331,654 after taxPayment 26: $15,045,737 after taxPayment 27: $15,795,524 after taxPayment 28: $16,582,800 after taxPayment 29: $17,409,440 after taxPayment 30: $18,277,412 after tax130Payment year

First payment $7,029,020 before tax ($4,478,282 after). Each later payment is 5% larger.

Estimates only — not tax or financial advice. How we calculate.

Does California tax lottery winnings?

No, as long as the prize comes from the California Lottery, which sells Powerball and Mega Millions tickets in the state. California taxes most income at rates up to 13.3%, but it exempts California Lottery prizes from state income tax. The exemption applies only to the California Lottery, so a California winner of a California ticket pays federal tax alone.

Source: California Franchise Tax Board (“We do not tax winnings from the California Lottery, including SuperLotto, Powerball, and Mega Millions”), checked October 1, 2026.

California Powerball and Mega Millions payout after taxes

With nothing owed to the state, a single winner in California keeps about $121,262,000 from the $467 Million Powerball jackpot's $192.4 Million cash option, and about $87,998,000 from the $345 Million Mega Millions jackpot's $139.6 Million cash option, or $218,849,993 over 30 annual payments.

How California pays smaller prizes

In California, Powerball prizes below the jackpot are pari-mutuel too: the money for each prize level is shared among that level's California winners, so a California match-5 or smaller prize varies with ticket sales and the number of winners and can differ from the fixed amount on the Powerball website (California Lottery). The calculator above uses the prize you enter, so for a California non-jackpot prize enter the amount the Lottery actually announced.

How much is $1 million after taxes in California?

About $680,000, the same as anywhere without a state lottery tax: $320,000 of federal tax for a single filer with no other income, of which $240,000 is withheld at the claim.

Claiming in California: one year for a jackpot, 180 days for other prizes

  • California gives Powerball and Mega Millions jackpot tickets one year from the winning draw; most other draw-game prizes expire after 180 days (California Lottery).
  • Prizes of $600 and over are claimed fastest at a California Lottery District Office; you can also mail the signed ticket and claim form to the Lottery at 730 North 10th Street, Sacramento (California Lottery).

Can you stay anonymous in California?

No. Full name, prize, retailer and win date are public records (source). The guide to what to do if you win the lottery compares the rules in every state.

Billion-dollar jackpots won in California

Five of the largest lottery jackpots were sold in California. Take-home is for a single California resident at 2026 rates.

DrawingJackpotLump sum take-home today
Powerball, November 7, 2022$2.04 Billion$628,538,000
Powerball, October 11, 2023$1.76 Billion$487,733,000
Powerball, January 13, 2016Split 3 ways; take-home is for one ticket$1.59 Billion$206,586,050
Mega Millions, December 27, 2024$1.27 Billion$360,347,000
Powerball, July 19, 2023$1.08 Billion$351,653,000

California compared with neighboring states

$467 Million Powerball jackpot, lump sum, by state of residence. No neighboring state does better: a California resident keeps $19,045,844 more than a winner living in Oregon. Nevada does not sell lottery tickets, so residents buy them in a neighboring state.

State of residenceState & local taxLump sum take-home
California$0$121,262,000
NevadaNo lottery sales$0$121,262,000
Arizona$4,810,000$116,452,000
Oregon$19,045,844$102,216,156

Assumes the ticket was bought in the state of residence. Taxes on lottery winnings explains what happens when you buy in another state.

Estimates for a single filer with no other income unless noted. Formulas and sources: methodology. Every state's rates: lottery tax by state.