Powerball Annuity payment schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Wednesday, Sep 09, 2026
$207,000,000
Federal tax
Select your filing status.
-$49,680,000State tax
Select your state.
-$9,936,000Net jackpot after tax
$147,384,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $3,115,647 | $149,551 | $747,755 | $2,218,341 |
| 2 | $3,271,429 | $157,029 | $785,143 | $2,329,258 |
| 3 | $3,435,001 | $164,880 | $824,400 | $2,445,721 |
| 4 | $3,606,751 | $173,124 | $865,620 | $2,568,007 |
| 5 | $3,787,088 | $181,780 | $908,901 | $2,696,407 |
| 6 | $3,976,443 | $190,869 | $954,346 | $2,831,227 |
| 7 | $4,175,265 | $200,413 | $1,002,064 | $2,972,789 |
| 8 | $4,384,028 | $210,433 | $1,052,167 | $3,121,428 |
| 9 | $4,603,230 | $220,955 | $1,104,775 | $3,277,500 |
| 10 | $4,833,391 | $232,003 | $1,160,014 | $3,441,375 |
| 11 | $5,075,061 | $243,603 | $1,218,015 | $3,613,443 |
| 12 | $5,328,814 | $255,783 | $1,278,915 | $3,794,115 |
| 13 | $5,595,254 | $268,572 | $1,342,861 | $3,983,821 |
| 14 | $5,875,017 | $282,001 | $1,410,004 | $4,183,012 |
| 15 | $6,168,768 | $296,101 | $1,480,504 | $4,392,163 |
| 16 | $6,477,206 | $310,906 | $1,554,530 | $4,611,771 |
| 17 | $6,801,067 | $326,451 | $1,632,256 | $4,842,360 |
| 18 | $7,141,120 | $342,774 | $1,713,869 | $5,084,478 |
| 19 | $7,498,176 | $359,912 | $1,799,562 | $5,338,701 |
| 20 | $7,873,085 | $377,908 | $1,889,540 | $5,605,636 |
| 21 | $8,266,739 | $396,803 | $1,984,017 | $5,885,918 |
| 22 | $8,680,076 | $416,644 | $2,083,218 | $6,180,214 |
| 23 | $9,114,080 | $437,476 | $2,187,379 | $6,489,225 |
| 24 | $9,569,784 | $459,350 | $2,296,748 | $6,813,686 |
| 25 | $10,048,273 | $482,317 | $2,411,586 | $7,154,371 |
| 26 | $10,550,687 | $506,433 | $2,532,165 | $7,512,089 |
| 27 | $11,078,221 | $531,755 | $2,658,773 | $7,887,693 |
| 28 | $11,632,132 | $558,342 | $2,791,712 | $8,282,078 |
| 29 | $12,213,739 | $586,259 | $2,931,297 | $8,696,182 |
| 30 | $12,824,426 | $615,572 | $3,077,862 | $9,130,991 |
| Total | $207,000,000 | $9,936,000 | $49,680,000 | $147,384,000 |
Notes
- Each annual annuity payment increases by 5% from the previous year.
- For clarity, we assumed that payments 1 and 2 are made in separate tax years.
- The lottery automatically withholds 24% of each payment for federal taxes. When you file your taxes, you will be responsible for the difference between that withholding and what you owe to the IRS.
- In some states, the lottery also withholds a portion of annual payments for state taxes.
- The highest federal tax bracket of 37% is assumed for these examples because all Powerball jackpot winners will fall into this category.
- Tax estimates are based on jackpot income only and do not include any other taxes you may owe.
- We assume single state residency only and do not consider non-state resident tax. In the situation when the winner resides in a different state than the one where the winnings were registered, additional state taxes may be added.
- This calculator is intended to provide an estimate of taxes, but should not be considered tax advice. We do not take responsibility for any inaccuracies or omissions.
- Consult with a professional tax advisor and accountant to avoid any surprise tax bills.
- Federal and/or state tax rates may change during the annuity schedule, which could affect how much you owe.
