Powerball Annuity Payment Schedule

Here's how the current Powerball jackpot will be paid if the annuity option is selected.

Wednesday, Apr 30, 2025

Select your filing status.

-$7,200,000

Select your state.

-$1,440,000

Payment Number	Gross Payment	State Tax for AZ	Federal Tax	Net Payment
1	$451,543	$21,674	$108,370	$321,499
2	$474,120	$22,758	$113,789	$337,574
3	$497,826	$23,896	$119,478	$354,452
4	$522,718	$25,090	$125,452	$372,175
5	$548,853	$26,345	$131,725	$390,784
6	$576,296	$27,662	$138,311	$410,323
7	$605,111	$29,045	$145,227	$430,839
8	$635,366	$30,498	$152,488	$452,381
9	$667,135	$32,022	$160,112	$475,000
10	$700,491	$33,624	$168,118	$498,750
11	$735,516	$35,305	$176,524	$523,687
12	$772,292	$37,070	$185,350	$549,872
13	$810,906	$38,924	$194,618	$577,365
14	$851,452	$40,870	$204,348	$606,234
15	$894,024	$42,913	$214,566	$636,545
16	$938,726	$45,059	$225,294	$668,373
17	$985,662	$47,312	$236,559	$701,791
18	$1,034,945	$49,677	$248,387	$736,881
19	$1,086,692	$52,161	$260,806	$773,725
20	$1,141,027	$54,769	$273,846	$812,411
21	$1,198,078	$57,508	$287,539	$853,032
22	$1,257,982	$60,383	$301,916	$895,683
23	$1,320,881	$63,402	$317,011	$940,467
24	$1,386,925	$66,572	$332,862	$987,491
25	$1,456,271	$69,901	$349,505	$1,036,865
26	$1,529,085	$73,396	$366,980	$1,088,709
27	$1,605,539	$77,066	$385,329	$1,143,144
28	$1,685,816	$80,919	$404,596	$1,200,301
29	$1,770,107	$84,965	$424,826	$1,260,316
30	$1,858,612	$89,213	$446,067	$1,323,332
Total	$30,000,000	$1,440,000	$7,200,000	$21,360,000

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.