Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Wednesday, Dec 17, 2025
$1,250,000,000
Federal tax
Select your filing status.
-$300,000,000State tax
Select your state.
-$60,000,000Net jackpot after tax
$890,000,001
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $18,814,294 | $903,086 | $4,515,431 | $13,395,777 |
| 2 | $19,755,009 | $948,240 | $4,741,202 | $14,065,566 |
| 3 | $20,742,759 | $995,652 | $4,978,262 | $14,768,844 |
| 4 | $21,779,897 | $1,045,435 | $5,227,175 | $15,507,287 |
| 5 | $22,868,892 | $1,097,707 | $5,488,534 | $16,282,651 |
| 6 | $24,012,336 | $1,152,592 | $5,762,961 | $17,096,784 |
| 7 | $25,212,953 | $1,210,222 | $6,051,109 | $17,951,623 |
| 8 | $26,473,601 | $1,270,733 | $6,353,664 | $18,849,204 |
| 9 | $27,797,281 | $1,334,269 | $6,671,347 | $19,791,664 |
| 10 | $29,187,145 | $1,400,983 | $7,004,915 | $20,781,247 |
| 11 | $30,646,502 | $1,471,032 | $7,355,161 | $21,820,310 |
| 12 | $32,178,827 | $1,544,584 | $7,722,919 | $22,911,325 |
| 13 | $33,787,769 | $1,621,813 | $8,109,064 | $24,056,891 |
| 14 | $35,477,157 | $1,702,904 | $8,514,518 | $25,259,736 |
| 15 | $37,251,015 | $1,788,049 | $8,940,244 | $26,522,723 |
| 16 | $39,113,566 | $1,877,451 | $9,387,256 | $27,848,859 |
| 17 | $41,069,244 | $1,971,324 | $9,856,619 | $29,241,302 |
| 18 | $43,122,706 | $2,069,890 | $10,349,449 | $30,703,367 |
| 19 | $45,278,842 | $2,173,384 | $10,866,922 | $32,238,535 |
| 20 | $47,542,784 | $2,282,054 | $11,410,268 | $33,850,462 |
| 21 | $49,919,923 | $2,396,156 | $11,980,781 | $35,542,985 |
| 22 | $52,415,919 | $2,515,964 | $12,579,821 | $37,320,134 |
| 23 | $55,036,715 | $2,641,762 | $13,208,812 | $39,186,141 |
| 24 | $57,788,551 | $2,773,850 | $13,869,252 | $41,145,448 |
| 25 | $60,677,978 | $2,912,543 | $14,562,715 | $43,202,720 |
| 26 | $63,711,877 | $3,058,170 | $15,290,850 | $45,362,856 |
| 27 | $66,897,471 | $3,211,079 | $16,055,393 | $47,630,999 |
| 28 | $70,242,344 | $3,371,633 | $16,858,163 | $50,012,549 |
| 29 | $73,754,462 | $3,540,214 | $17,701,071 | $52,513,177 |
| 30 | $77,442,185 | $3,717,225 | $18,586,124 | $55,138,836 |
| Total | $1,250,000,000 | $60,000,000 | $300,000,000 | $890,000,001 |
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.
