Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Wednesday, Jun 17, 2026
$283,000,000
Federal tax
Select your filing status.
-$67,920,000State tax
Select your state.
-$13,584,000Net jackpot after tax
$201,496,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $4,259,556 | $204,459 | $1,022,293 | $3,032,804 |
| 2 | $4,472,534 | $214,682 | $1,073,408 | $3,184,444 |
| 3 | $4,696,161 | $225,416 | $1,127,079 | $3,343,666 |
| 4 | $4,930,969 | $236,686 | $1,183,432 | $3,510,850 |
| 5 | $5,177,517 | $248,521 | $1,242,604 | $3,686,392 |
| 6 | $5,436,393 | $260,947 | $1,304,734 | $3,870,712 |
| 7 | $5,708,213 | $273,994 | $1,369,971 | $4,064,247 |
| 8 | $5,993,623 | $287,694 | $1,438,470 | $4,267,460 |
| 9 | $6,293,304 | $302,079 | $1,510,393 | $4,480,833 |
| 10 | $6,607,970 | $317,183 | $1,585,913 | $4,704,874 |
| 11 | $6,938,368 | $333,042 | $1,665,208 | $4,940,118 |
| 12 | $7,285,287 | $349,694 | $1,748,469 | $5,187,124 |
| 13 | $7,649,551 | $367,178 | $1,835,892 | $5,446,480 |
| 14 | $8,032,028 | $385,537 | $1,927,687 | $5,718,804 |
| 15 | $8,433,630 | $404,814 | $2,024,071 | $6,004,744 |
| 16 | $8,855,311 | $425,055 | $2,125,275 | $6,304,982 |
| 17 | $9,298,077 | $446,308 | $2,231,538 | $6,620,231 |
| 18 | $9,762,981 | $468,623 | $2,343,115 | $6,951,242 |
| 19 | $10,251,130 | $492,054 | $2,460,271 | $7,298,804 |
| 20 | $10,763,686 | $516,657 | $2,583,285 | $7,663,745 |
| 21 | $11,301,871 | $542,490 | $2,712,449 | $8,046,932 |
| 22 | $11,866,964 | $569,614 | $2,848,071 | $8,449,278 |
| 23 | $12,460,312 | $598,095 | $2,990,475 | $8,871,742 |
| 24 | $13,083,328 | $628,000 | $3,139,999 | $9,315,329 |
| 25 | $13,737,494 | $659,400 | $3,296,999 | $9,781,096 |
| 26 | $14,424,369 | $692,370 | $3,461,849 | $10,270,151 |
| 27 | $15,145,587 | $726,988 | $3,634,941 | $10,783,658 |
| 28 | $15,902,867 | $763,338 | $3,816,688 | $11,322,841 |
| 29 | $16,698,010 | $801,504 | $4,007,522 | $11,888,983 |
| 30 | $17,532,911 | $841,580 | $4,207,899 | $12,483,432 |
| Total | $283,000,000 | $13,584,000 | $67,920,000 | $201,496,000 |
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.
