Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Saturday, Oct 18, 2025
$295,000,000
Federal tax
Select your filing status.
-$70,800,000State tax
Select your state.
-$14,160,000Net jackpot after tax
$210,040,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $4,440,173 | $213,128 | $1,065,642 | $3,161,403 |
| 2 | $4,662,182 | $223,785 | $1,118,924 | $3,319,474 |
| 3 | $4,895,291 | $234,974 | $1,174,870 | $3,485,447 |
| 4 | $5,140,056 | $246,723 | $1,233,613 | $3,659,720 |
| 5 | $5,397,058 | $259,059 | $1,295,294 | $3,842,706 |
| 6 | $5,666,911 | $272,012 | $1,360,059 | $4,034,841 |
| 7 | $5,950,257 | $285,612 | $1,428,062 | $4,236,583 |
| 8 | $6,247,770 | $299,893 | $1,499,465 | $4,448,412 |
| 9 | $6,560,158 | $314,888 | $1,574,438 | $4,670,833 |
| 10 | $6,888,166 | $330,632 | $1,653,160 | $4,904,374 |
| 11 | $7,232,575 | $347,164 | $1,735,818 | $5,149,593 |
| 12 | $7,594,203 | $364,522 | $1,822,609 | $5,407,073 |
| 13 | $7,973,913 | $382,748 | $1,913,739 | $5,677,426 |
| 14 | $8,372,609 | $401,885 | $2,009,426 | $5,961,298 |
| 15 | $8,791,240 | $421,979 | $2,109,897 | $6,259,363 |
| 16 | $9,230,802 | $443,078 | $2,215,392 | $6,572,331 |
| 17 | $9,692,342 | $465,232 | $2,326,162 | $6,900,947 |
| 18 | $10,176,959 | $488,494 | $2,442,470 | $7,245,995 |
| 19 | $10,685,807 | $512,919 | $2,564,594 | $7,608,294 |
| 20 | $11,220,097 | $538,565 | $2,692,823 | $7,988,709 |
| 21 | $11,781,102 | $565,493 | $2,827,464 | $8,388,144 |
| 22 | $12,370,157 | $593,768 | $2,968,838 | $8,807,552 |
| 23 | $12,988,665 | $623,456 | $3,117,280 | $9,247,929 |
| 24 | $13,638,098 | $654,629 | $3,273,144 | $9,710,326 |
| 25 | $14,320,003 | $687,360 | $3,436,801 | $10,195,842 |
| 26 | $15,036,003 | $721,728 | $3,608,641 | $10,705,634 |
| 27 | $15,787,803 | $757,815 | $3,789,073 | $11,240,916 |
| 28 | $16,577,193 | $795,705 | $3,978,526 | $11,802,962 |
| 29 | $17,406,053 | $835,491 | $4,177,453 | $12,393,110 |
| 30 | $18,276,356 | $877,265 | $4,386,325 | $13,012,765 |
| Total | $295,000,000 | $14,160,000 | $70,800,000 | $210,040,000 |
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.
