Powerball's jackpot rises to $420 million—here's the after-tax payout for every U.S. state

Powerball's jackpot has reached $420 million, but the actual amount you take home depends on the payout option and state taxes, with some states not charging income tax on lottery winnings.

cnbc.com

Relevant topic timeline:

8/26/2023

Winning Mega Millions numbers for Friday, Aug. 25, 2023

The Mega Millions jackpot reached $52 million after no one won the previous drawing, with the next drawing scheduled for Friday, August 25, 2023.

8/27/2023

Winning Powerball lottery numbers for the $345 million jackpot on August 26, 2023: See all the prizes sold in Ohio

Despite nobody winning the $345 million Powerball jackpot, there were many winners in Ohio with smaller prize amounts, and the next jackpot is estimated to be $363 million.

8/29/2023

Winning Powerball numbers for Monday, August 28, 2023

The Powerball lottery jackpot continues to climb as no one matched all six numbers, with the current estimated jackpot at $363 million.

9/7/2023

McKinney resident wins $17 million Texas Lotto prize with ticket bought in Dallas

A McKinney resident claimed a Lotto Texas jackpot prize worth an estimated $9.7 million, choosing to remain anonymous and opting for the cash value option.

9/10/2023

Powerball Jackpot Rolls to $500M After No Winner in Latest Drawing

The Powerball lottery jackpot continues to climb with no winner, and the next drawing for a $500 million jackpot will take place on Saturday, September 9, 2023.

9/13/2023

Mega Millions Jackpot Reaches $141 Million Ahead of Tuesday's Drawing

The Mega Millions jackpot for Tuesday, September 12 is $141 million, with the potential to win over $67.7 million if the cash option is chosen.

9/14/2023

Powerball Jackpot Soars to $596 Million, Drawing Wednesday After No Winner Monday

No one won the $550 million Powerball jackpot on Wednesday night, but a ticket from Missouri matched all five numbers except for the Powerball, winning $1 million, and a ticket from South Carolina with the same result won $2 million with the Power Play.

9/13/2023

Powerball Winner Buys $47 Million Los Angeles Mansion After Record $2.4 Billion Jackpot

The winner of the largest lottery prize in history, Edwin Castro, has purchased a $47 million mega-mansion in Los Angeles, expanding his real estate portfolio after winning a $2.04 billion Powerball jackpot.

9/17/2023

No Powerball Jackpot Winner; Saturday's Jackpot Jumps to $638 Million

The Powerball lottery jackpot continues to climb after nobody matched all six numbers on Wednesday night, with the next drawing scheduled for Monday and an estimated jackpot of $638 million.

9/18/2023

Powerball Jackpot Reaches $638 Million for Monday After No Weekend Winner; Two $50K Tickets Sold in SC

Two tickets purchased in Myrtle Beach and Bluffton, South Carolina won $50,000 each in the Powerball drawing, matching all but one number.

9/21/2023

Big Powerball Tickets Sold in Georgia, But $725M Jackpot Rolls Over

Two winning tickets worth $1 million and $2 million were sold in Georgia, with the $725 million Powerball jackpot rolling over again.