Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Wednesday, Aug 27, 2025
$815,000,000
Federal tax
Select your filing status.
-$195,600,000State tax
Select your state.
-$39,120,000Net jackpot after tax
$580,280,001
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $12,266,920 | $588,812 | $2,944,061 | $8,734,047 |
| 2 | $12,880,266 | $618,253 | $3,091,264 | $9,170,749 |
| 3 | $13,524,279 | $649,165 | $3,245,827 | $9,629,287 |
| 4 | $14,200,493 | $681,624 | $3,408,118 | $10,110,751 |
| 5 | $14,910,517 | $715,705 | $3,578,524 | $10,616,288 |
| 6 | $15,656,043 | $751,490 | $3,757,450 | $11,147,103 |
| 7 | $16,438,845 | $789,065 | $3,945,323 | $11,704,458 |
| 8 | $17,260,788 | $828,518 | $4,142,589 | $12,289,681 |
| 9 | $18,123,827 | $869,944 | $4,349,719 | $12,904,165 |
| 10 | $19,030,019 | $913,441 | $4,567,204 | $13,549,373 |
| 11 | $19,981,519 | $959,113 | $4,795,565 | $14,226,842 |
| 12 | $20,980,595 | $1,007,069 | $5,035,343 | $14,938,184 |
| 13 | $22,029,625 | $1,057,422 | $5,287,110 | $15,685,093 |
| 14 | $23,131,106 | $1,110,293 | $5,551,466 | $16,469,348 |
| 15 | $24,287,662 | $1,165,808 | $5,829,039 | $17,292,815 |
| 16 | $25,502,045 | $1,224,098 | $6,120,491 | $18,157,456 |
| 17 | $26,777,147 | $1,285,303 | $6,426,515 | $19,065,329 |
| 18 | $28,116,004 | $1,349,568 | $6,747,841 | $20,018,595 |
| 19 | $29,521,805 | $1,417,047 | $7,085,233 | $21,019,525 |
| 20 | $30,997,895 | $1,487,899 | $7,439,495 | $22,070,501 |
| 21 | $32,547,790 | $1,562,294 | $7,811,470 | $23,174,026 |
| 22 | $34,175,179 | $1,640,409 | $8,202,043 | $24,332,728 |
| 23 | $35,883,938 | $1,722,429 | $8,612,145 | $25,549,364 |
| 24 | $37,678,135 | $1,808,550 | $9,042,752 | $26,826,832 |
| 25 | $39,562,042 | $1,898,978 | $9,494,890 | $28,168,174 |
| 26 | $41,540,144 | $1,993,927 | $9,969,635 | $29,576,582 |
| 27 | $43,617,151 | $2,093,623 | $10,468,116 | $31,055,412 |
| 28 | $45,798,009 | $2,198,304 | $10,991,522 | $32,608,182 |
| 29 | $48,087,909 | $2,308,220 | $11,541,098 | $34,238,591 |
| 30 | $50,492,304 | $2,423,631 | $12,118,153 | $35,950,521 |
| Total | $815,000,000 | $39,120,000 | $195,600,000 | $580,280,001 |
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.
