Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Wednesday, Mar 18, 2026
$101,000,000
Federal tax
Select your filing status.
-$24,240,000State tax
Select your state.
-$4,848,000Net jackpot after tax
$71,912,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $1,520,195 | $72,969 | $364,847 | $1,082,379 |
| 2 | $1,596,205 | $76,618 | $383,089 | $1,136,498 |
| 3 | $1,676,015 | $80,449 | $402,244 | $1,193,323 |
| 4 | $1,759,816 | $84,471 | $422,356 | $1,252,989 |
| 5 | $1,847,806 | $88,695 | $443,474 | $1,315,638 |
| 6 | $1,940,197 | $93,129 | $465,647 | $1,381,420 |
| 7 | $2,037,207 | $97,786 | $488,930 | $1,450,491 |
| 8 | $2,139,067 | $102,675 | $513,376 | $1,523,016 |
| 9 | $2,246,020 | $107,809 | $539,045 | $1,599,166 |
| 10 | $2,358,321 | $113,199 | $565,997 | $1,679,125 |
| 11 | $2,476,237 | $118,859 | $594,297 | $1,763,081 |
| 12 | $2,600,049 | $124,802 | $624,012 | $1,851,235 |
| 13 | $2,730,052 | $131,042 | $655,212 | $1,943,797 |
| 14 | $2,866,554 | $137,595 | $687,973 | $2,040,987 |
| 15 | $3,009,882 | $144,474 | $722,372 | $2,143,036 |
| 16 | $3,160,376 | $151,698 | $758,490 | $2,250,188 |
| 17 | $3,318,395 | $159,283 | $796,415 | $2,362,697 |
| 18 | $3,484,315 | $167,247 | $836,236 | $2,480,832 |
| 19 | $3,658,530 | $175,609 | $878,047 | $2,604,874 |
| 20 | $3,841,457 | $184,390 | $921,950 | $2,735,117 |
| 21 | $4,033,530 | $193,609 | $968,047 | $2,871,873 |
| 22 | $4,235,206 | $203,290 | $1,016,449 | $3,015,467 |
| 23 | $4,446,967 | $213,454 | $1,067,272 | $3,166,240 |
| 24 | $4,669,315 | $224,127 | $1,120,636 | $3,324,552 |
| 25 | $4,902,781 | $235,333 | $1,176,667 | $3,490,780 |
| 26 | $5,147,920 | $247,100 | $1,235,501 | $3,665,319 |
| 27 | $5,405,316 | $259,455 | $1,297,276 | $3,848,585 |
| 28 | $5,675,581 | $272,428 | $1,362,140 | $4,041,014 |
| 29 | $5,959,361 | $286,049 | $1,430,247 | $4,243,065 |
| 30 | $6,257,329 | $300,352 | $1,501,759 | $4,455,218 |
| Total | $101,000,000 | $4,848,000 | $24,240,000 | $71,912,000 |
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.
