Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Monday, Sep 29, 2025
$160,000,000
Federal tax
Select your filing status.
-$38,400,000State tax
Select your state.
-$7,680,000Net jackpot after tax
$113,920,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $2,408,230 | $115,595 | $577,975 | $1,714,659 |
| 2 | $2,528,641 | $121,375 | $606,874 | $1,800,392 |
| 3 | $2,655,073 | $127,444 | $637,218 | $1,890,412 |
| 4 | $2,787,827 | $133,816 | $669,078 | $1,984,933 |
| 5 | $2,927,218 | $140,506 | $702,532 | $2,084,179 |
| 6 | $3,073,579 | $147,532 | $737,659 | $2,188,388 |
| 7 | $3,227,258 | $154,908 | $774,542 | $2,297,808 |
| 8 | $3,388,621 | $162,654 | $813,269 | $2,412,698 |
| 9 | $3,558,052 | $170,786 | $853,932 | $2,533,333 |
| 10 | $3,735,955 | $179,326 | $896,629 | $2,660,000 |
| 11 | $3,922,752 | $188,292 | $941,461 | $2,793,000 |
| 12 | $4,118,890 | $197,707 | $988,534 | $2,932,650 |
| 13 | $4,324,834 | $207,592 | $1,037,960 | $3,079,282 |
| 14 | $4,541,076 | $217,972 | $1,089,858 | $3,233,246 |
| 15 | $4,768,130 | $228,870 | $1,144,351 | $3,394,908 |
| 16 | $5,006,536 | $240,314 | $1,201,569 | $3,564,654 |
| 17 | $5,256,863 | $252,329 | $1,261,647 | $3,742,887 |
| 18 | $5,519,706 | $264,946 | $1,324,730 | $3,930,031 |
| 19 | $5,795,692 | $278,193 | $1,390,966 | $4,126,532 |
| 20 | $6,085,476 | $292,103 | $1,460,514 | $4,332,859 |
| 21 | $6,389,750 | $306,708 | $1,533,540 | $4,549,502 |
| 22 | $6,709,238 | $322,043 | $1,610,217 | $4,776,977 |
| 23 | $7,044,700 | $338,146 | $1,690,728 | $5,015,826 |
| 24 | $7,396,934 | $355,053 | $1,775,264 | $5,266,617 |
| 25 | $7,766,781 | $372,805 | $1,864,027 | $5,529,948 |
| 26 | $8,155,120 | $391,446 | $1,957,229 | $5,806,446 |
| 27 | $8,562,876 | $411,018 | $2,055,090 | $6,096,768 |
| 28 | $8,991,020 | $431,569 | $2,157,845 | $6,401,606 |
| 29 | $9,440,571 | $453,147 | $2,265,737 | $6,721,687 |
| 30 | $9,912,600 | $475,805 | $2,379,024 | $7,057,771 |
| Total | $160,000,000 | $7,680,000 | $38,400,000 | $113,920,000 |
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.
