Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Monday, Aug 11, 2025
$501,000,000
Federal tax
Select your filing status.
-$120,240,000State tax
Select your state.
-$24,048,000Net jackpot after tax
$356,712,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $7,540,769 | $361,957 | $1,809,785 | $5,369,028 |
| 2 | $7,917,807 | $380,055 | $1,900,274 | $5,637,479 |
| 3 | $8,313,698 | $399,057 | $1,995,287 | $5,919,353 |
| 4 | $8,729,383 | $419,010 | $2,095,052 | $6,215,320 |
| 5 | $9,165,852 | $439,961 | $2,199,804 | $6,526,087 |
| 6 | $9,624,144 | $461,959 | $2,309,795 | $6,852,391 |
| 7 | $10,105,352 | $485,057 | $2,425,284 | $7,195,010 |
| 8 | $10,610,619 | $509,310 | $2,546,549 | $7,554,761 |
| 9 | $11,141,150 | $534,775 | $2,673,876 | $7,932,499 |
| 10 | $11,698,208 | $561,514 | $2,807,570 | $8,329,124 |
| 11 | $12,283,118 | $589,590 | $2,947,948 | $8,745,580 |
| 12 | $12,897,274 | $619,069 | $3,095,346 | $9,182,859 |
| 13 | $13,542,138 | $650,023 | $3,250,113 | $9,642,002 |
| 14 | $14,219,245 | $682,524 | $3,412,619 | $10,124,102 |
| 15 | $14,930,207 | $716,650 | $3,583,250 | $10,630,307 |
| 16 | $15,676,717 | $752,482 | $3,762,412 | $11,161,823 |
| 17 | $16,460,553 | $790,107 | $3,950,533 | $11,719,914 |
| 18 | $17,283,581 | $829,612 | $4,148,059 | $12,305,909 |
| 19 | $18,147,760 | $871,092 | $4,355,462 | $12,921,205 |
| 20 | $19,055,148 | $914,647 | $4,573,235 | $13,567,265 |
| 21 | $20,007,905 | $960,379 | $4,801,897 | $14,245,628 |
| 22 | $21,008,300 | $1,008,398 | $5,041,992 | $14,957,910 |
| 23 | $22,058,715 | $1,058,818 | $5,294,092 | $15,705,805 |
| 24 | $23,161,651 | $1,111,759 | $5,558,796 | $16,491,096 |
| 25 | $24,319,734 | $1,167,347 | $5,836,736 | $17,315,650 |
| 26 | $25,535,720 | $1,225,715 | $6,128,573 | $18,181,433 |
| 27 | $26,812,506 | $1,287,000 | $6,435,002 | $19,090,505 |
| 28 | $28,153,132 | $1,351,350 | $6,756,752 | $20,045,030 |
| 29 | $29,560,788 | $1,418,918 | $7,094,589 | $21,047,281 |
| 30 | $31,038,828 | $1,489,864 | $7,449,319 | $22,099,645 |
| Total | $501,000,000 | $24,048,000 | $120,240,000 | $356,712,000 |
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.
