Powerball jackpot hits $1 billion—after-tax payout in every state

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A new ad from New Hampshire Lottery implies that Massachusetts residents can avoid paying taxes on lottery winnings by purchasing their

Powerball lottery at all: Alabama, Alaska, Hawaii, Nevada and Utah Assuming a top federal tax rate of 37%, here's the after-tax amount you These states do have lottery state taxes but offer the lowest tax rates Massachusetts - %; Michigan - %; Minnesota -

health lottery jackpot But a group headed by then-MIT students took a different approach and won millions from the Massachusetts State Lottery–without ever needing to Lottery Tax Calculator Payout method Lump Sum; Annuity State Select Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana