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 07, 2025
$44,000,000
Federal tax
Select your filing status.
-$10,560,000State tax
Select your state.
-$2,112,000Net jackpot after tax
$31,328,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $662,263 | $31,789 | $158,943 | $471,531 |
| 2 | $695,376 | $33,378 | $166,890 | $495,108 |
| 3 | $730,145 | $35,047 | $175,235 | $519,863 |
| 4 | $766,652 | $36,799 | $183,997 | $545,856 |
| 5 | $804,985 | $38,639 | $193,196 | $573,149 |
| 6 | $845,234 | $40,571 | $202,856 | $601,807 |
| 7 | $887,496 | $42,600 | $212,999 | $631,897 |
| 8 | $931,871 | $44,730 | $223,649 | $663,492 |
| 9 | $978,464 | $46,966 | $234,831 | $696,667 |
| 10 | $1,027,388 | $49,315 | $246,573 | $731,500 |
| 11 | $1,078,757 | $51,780 | $258,902 | $768,075 |
| 12 | $1,132,695 | $54,369 | $271,847 | $806,479 |
| 13 | $1,189,329 | $57,088 | $285,439 | $846,803 |
| 14 | $1,248,796 | $59,942 | $299,711 | $889,143 |
| 15 | $1,311,236 | $62,939 | $314,697 | $933,600 |
| 16 | $1,376,798 | $66,086 | $330,431 | $980,280 |
| 17 | $1,445,637 | $69,391 | $346,953 | $1,029,294 |
| 18 | $1,517,919 | $72,860 | $364,301 | $1,080,759 |
| 19 | $1,593,815 | $76,503 | $382,516 | $1,134,796 |
| 20 | $1,673,506 | $80,328 | $401,641 | $1,191,536 |
| 21 | $1,757,181 | $84,345 | $421,724 | $1,251,113 |
| 22 | $1,845,040 | $88,562 | $442,810 | $1,313,669 |
| 23 | $1,937,292 | $92,990 | $464,950 | $1,379,352 |
| 24 | $2,034,157 | $97,640 | $488,198 | $1,448,320 |
| 25 | $2,135,865 | $102,522 | $512,608 | $1,520,736 |
| 26 | $2,242,658 | $107,648 | $538,238 | $1,596,773 |
| 27 | $2,354,791 | $113,030 | $565,150 | $1,676,611 |
| 28 | $2,472,531 | $118,681 | $593,407 | $1,760,442 |
| 29 | $2,596,157 | $124,616 | $623,078 | $1,848,464 |
| 30 | $2,725,965 | $130,846 | $654,232 | $1,940,887 |
| Total | $44,000,000 | $2,112,000 | $10,560,000 | $31,328,000 |
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.
