Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Saturday, Jul 12, 2025
$234,000,000
Federal tax
Select your filing status.
-$56,160,000State tax
Select your state.
-$11,232,000Net jackpot after tax
$166,608,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $3,522,036 | $169,058 | $845,289 | $2,507,689 |
| 2 | $3,698,138 | $177,511 | $887,553 | $2,633,074 |
| 3 | $3,883,044 | $186,386 | $931,931 | $2,764,728 |
| 4 | $4,077,197 | $195,705 | $978,527 | $2,902,964 |
| 5 | $4,281,057 | $205,491 | $1,027,454 | $3,048,112 |
| 6 | $4,495,109 | $215,765 | $1,078,826 | $3,200,518 |
| 7 | $4,719,865 | $226,554 | $1,132,768 | $3,360,544 |
| 8 | $4,955,858 | $237,881 | $1,189,406 | $3,528,571 |
| 9 | $5,203,651 | $249,775 | $1,248,876 | $3,705,000 |
| 10 | $5,463,834 | $262,264 | $1,311,320 | $3,890,249 |
| 11 | $5,737,025 | $275,377 | $1,376,886 | $4,084,762 |
| 12 | $6,023,876 | $289,146 | $1,445,730 | $4,289,000 |
| 13 | $6,325,070 | $303,603 | $1,518,017 | $4,503,450 |
| 14 | $6,641,324 | $318,784 | $1,593,918 | $4,728,623 |
| 15 | $6,973,390 | $334,723 | $1,673,614 | $4,965,054 |
| 16 | $7,322,060 | $351,459 | $1,757,294 | $5,213,306 |
| 17 | $7,688,162 | $369,032 | $1,845,159 | $5,473,972 |
| 18 | $8,072,571 | $387,483 | $1,937,417 | $5,747,670 |
| 19 | $8,476,199 | $406,858 | $2,034,288 | $6,035,054 |
| 20 | $8,900,009 | $427,200 | $2,136,002 | $6,336,806 |
| 21 | $9,345,010 | $448,560 | $2,242,802 | $6,653,647 |
| 22 | $9,812,260 | $470,988 | $2,354,942 | $6,986,329 |
| 23 | $10,302,873 | $494,538 | $2,472,690 | $7,335,646 |
| 24 | $10,818,017 | $519,265 | $2,596,324 | $7,702,428 |
| 25 | $11,358,918 | $545,228 | $2,726,140 | $8,087,549 |
| 26 | $11,926,863 | $572,489 | $2,862,447 | $8,491,927 |
| 27 | $12,523,207 | $601,114 | $3,005,570 | $8,916,523 |
| 28 | $13,149,367 | $631,170 | $3,155,848 | $9,362,349 |
| 29 | $13,806,835 | $662,728 | $3,313,640 | $9,830,467 |
| 30 | $14,497,177 | $695,864 | $3,479,322 | $10,321,990 |
| Total | $234,000,000 | $11,232,000 | $56,160,000 | $166,608,000 |
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.
