Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Wednesday, Sep 17, 2025
$81,000,000
Federal tax
Select your filing status.
-$19,440,000State tax
Select your state.
-$3,888,000Net jackpot after tax
$57,672,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $1,219,166 | $58,520 | $292,600 | $868,046 |
| 2 | $1,280,125 | $61,446 | $307,230 | $911,449 |
| 3 | $1,344,131 | $64,518 | $322,591 | $957,021 |
| 4 | $1,411,337 | $67,744 | $338,721 | $1,004,872 |
| 5 | $1,481,904 | $71,131 | $355,657 | $1,055,116 |
| 6 | $1,555,999 | $74,688 | $373,440 | $1,107,872 |
| 7 | $1,633,799 | $78,422 | $392,112 | $1,163,265 |
| 8 | $1,715,489 | $82,343 | $411,717 | $1,221,428 |
| 9 | $1,801,264 | $86,461 | $432,303 | $1,282,500 |
| 10 | $1,891,327 | $90,784 | $453,918 | $1,346,625 |
| 11 | $1,985,893 | $95,323 | $476,614 | $1,413,956 |
| 12 | $2,085,188 | $100,089 | $500,445 | $1,484,654 |
| 13 | $2,189,447 | $105,093 | $525,467 | $1,558,887 |
| 14 | $2,298,920 | $110,348 | $551,741 | $1,636,831 |
| 15 | $2,413,866 | $115,866 | $579,328 | $1,718,672 |
| 16 | $2,534,559 | $121,659 | $608,294 | $1,804,606 |
| 17 | $2,661,287 | $127,742 | $638,709 | $1,894,836 |
| 18 | $2,794,351 | $134,129 | $670,644 | $1,989,578 |
| 19 | $2,934,069 | $140,835 | $704,177 | $2,089,057 |
| 20 | $3,080,772 | $147,877 | $739,385 | $2,193,510 |
| 21 | $3,234,811 | $155,271 | $776,355 | $2,303,185 |
| 22 | $3,396,552 | $163,034 | $815,172 | $2,418,345 |
| 23 | $3,566,379 | $171,186 | $855,931 | $2,539,262 |
| 24 | $3,744,698 | $179,746 | $898,728 | $2,666,225 |
| 25 | $3,931,933 | $188,733 | $943,664 | $2,799,536 |
| 26 | $4,128,530 | $198,169 | $990,847 | $2,939,513 |
| 27 | $4,334,956 | $208,078 | $1,040,389 | $3,086,489 |
| 28 | $4,551,704 | $218,482 | $1,092,409 | $3,240,813 |
| 29 | $4,779,289 | $229,406 | $1,147,029 | $3,402,854 |
| 30 | $5,018,254 | $240,876 | $1,204,381 | $3,572,997 |
| Total | $81,000,000 | $3,888,000 | $19,440,000 | $57,672,000 |
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.
