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 03, 2025
$775,000,000
Federal tax
Select your filing status.
-$186,000,000State tax
Select your state.
-$37,200,000Net jackpot after tax
$551,800,001
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $11,664,862 | $559,913 | $2,799,567 | $8,305,382 |
| 2 | $12,248,105 | $587,909 | $2,939,545 | $8,720,651 |
| 3 | $12,860,511 | $617,305 | $3,086,523 | $9,156,684 |
| 4 | $13,503,536 | $648,170 | $3,240,849 | $9,614,518 |
| 5 | $14,178,713 | $680,578 | $3,402,891 | $10,095,244 |
| 6 | $14,887,649 | $714,607 | $3,573,036 | $10,600,006 |
| 7 | $15,632,031 | $750,337 | $3,751,687 | $11,130,006 |
| 8 | $16,413,633 | $787,854 | $3,939,272 | $11,686,506 |
| 9 | $17,234,314 | $827,247 | $4,136,235 | $12,270,832 |
| 10 | $18,096,030 | $868,609 | $4,343,047 | $12,884,373 |
| 11 | $19,000,831 | $912,040 | $4,560,200 | $13,528,592 |
| 12 | $19,950,873 | $957,642 | $4,788,210 | $14,205,022 |
| 13 | $20,948,417 | $1,005,524 | $5,027,620 | $14,915,273 |
| 14 | $21,995,837 | $1,055,800 | $5,279,001 | $15,661,036 |
| 15 | $23,095,629 | $1,108,590 | $5,542,951 | $16,444,088 |
| 16 | $24,250,411 | $1,164,020 | $5,820,099 | $17,266,292 |
| 17 | $25,462,931 | $1,222,221 | $6,111,104 | $18,129,607 |
| 18 | $26,736,078 | $1,283,332 | $6,416,659 | $19,036,087 |
| 19 | $28,072,882 | $1,347,498 | $6,737,492 | $19,987,892 |
| 20 | $29,476,526 | $1,414,873 | $7,074,366 | $20,987,286 |
| 21 | $30,950,352 | $1,485,617 | $7,428,085 | $22,036,651 |
| 22 | $32,497,870 | $1,559,898 | $7,799,489 | $23,138,483 |
| 23 | $34,122,763 | $1,637,893 | $8,189,463 | $24,295,407 |
| 24 | $35,828,901 | $1,719,787 | $8,598,936 | $25,510,178 |
| 25 | $37,620,346 | $1,805,777 | $9,028,883 | $26,785,687 |
| 26 | $39,501,364 | $1,896,065 | $9,480,327 | $28,124,971 |
| 27 | $41,476,432 | $1,990,869 | $9,954,344 | $29,531,220 |
| 28 | $43,550,254 | $2,090,412 | $10,452,061 | $31,007,781 |
| 29 | $45,727,766 | $2,194,933 | $10,974,664 | $32,558,170 |
| 30 | $48,014,155 | $2,304,679 | $11,523,397 | $34,186,078 |
| Total | $775,000,000 | $37,200,000 | $186,000,000 | $551,800,001 |
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.
