Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Saturday, Jun 14, 2025
$80,000,000
Federal tax
Select your filing status.
-$19,200,000State tax
Select your state.
-$3,840,000Net jackpot after tax
$56,960,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $1,204,115 | $57,798 | $288,988 | $857,330 |
| 2 | $1,264,321 | $60,687 | $303,437 | $900,196 |
| 3 | $1,327,537 | $63,722 | $318,609 | $945,206 |
| 4 | $1,393,913 | $66,908 | $334,539 | $992,466 |
| 5 | $1,463,609 | $70,253 | $351,266 | $1,042,090 |
| 6 | $1,536,790 | $73,766 | $368,829 | $1,094,194 |
| 7 | $1,613,629 | $77,454 | $387,271 | $1,148,904 |
| 8 | $1,694,310 | $81,327 | $406,635 | $1,206,349 |
| 9 | $1,779,026 | $85,393 | $426,966 | $1,266,666 |
| 10 | $1,867,977 | $89,663 | $448,315 | $1,330,000 |
| 11 | $1,961,376 | $94,146 | $470,730 | $1,396,500 |
| 12 | $2,059,445 | $98,853 | $494,267 | $1,466,325 |
| 13 | $2,162,417 | $103,796 | $518,980 | $1,539,641 |
| 14 | $2,270,538 | $108,986 | $544,929 | $1,616,623 |
| 15 | $2,384,065 | $114,435 | $572,176 | $1,697,454 |
| 16 | $2,503,268 | $120,157 | $600,784 | $1,782,327 |
| 17 | $2,628,432 | $126,165 | $630,824 | $1,871,443 |
| 18 | $2,759,853 | $132,473 | $662,365 | $1,965,015 |
| 19 | $2,897,846 | $139,097 | $695,483 | $2,063,266 |
| 20 | $3,042,738 | $146,051 | $730,257 | $2,166,430 |
| 21 | $3,194,875 | $153,354 | $766,770 | $2,274,751 |
| 22 | $3,354,619 | $161,022 | $805,109 | $2,388,489 |
| 23 | $3,522,350 | $169,073 | $845,364 | $2,507,913 |
| 24 | $3,698,467 | $177,526 | $887,632 | $2,633,309 |
| 25 | $3,883,391 | $186,403 | $932,014 | $2,764,974 |
| 26 | $4,077,560 | $195,723 | $978,614 | $2,903,223 |
| 27 | $4,281,438 | $205,509 | $1,027,545 | $3,048,384 |
| 28 | $4,495,510 | $215,784 | $1,078,922 | $3,200,803 |
| 29 | $4,720,286 | $226,574 | $1,132,869 | $3,360,843 |
| 30 | $4,956,300 | $237,902 | $1,189,512 | $3,528,885 |
| Total | $80,000,000 | $3,840,000 | $19,200,000 | $56,960,000 |
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.
