Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Monday, Jun 15, 2026
$269,000,000
Federal tax
Select your filing status.
-$64,560,000State tax
Select your state.
-$12,912,000Net jackpot after tax
$191,528,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $4,048,836 | $194,344 | $971,721 | $2,882,771 |
| 2 | $4,251,278 | $204,061 | $1,020,307 | $3,026,910 |
| 3 | $4,463,842 | $214,264 | $1,071,322 | $3,178,255 |
| 4 | $4,687,034 | $224,978 | $1,124,888 | $3,337,168 |
| 5 | $4,921,386 | $236,227 | $1,181,133 | $3,504,026 |
| 6 | $5,167,455 | $248,038 | $1,240,189 | $3,679,228 |
| 7 | $5,425,828 | $260,440 | $1,302,199 | $3,863,189 |
| 8 | $5,697,119 | $273,462 | $1,367,309 | $4,056,349 |
| 9 | $5,981,975 | $287,135 | $1,435,674 | $4,259,166 |
| 10 | $6,281,074 | $301,492 | $1,507,458 | $4,472,124 |
| 11 | $6,595,127 | $316,566 | $1,582,831 | $4,695,731 |
| 12 | $6,924,884 | $332,394 | $1,661,972 | $4,930,517 |
| 13 | $7,271,128 | $349,014 | $1,745,071 | $5,177,043 |
| 14 | $7,634,684 | $366,465 | $1,832,324 | $5,435,895 |
| 15 | $8,016,418 | $384,788 | $1,923,940 | $5,707,690 |
| 16 | $8,417,239 | $404,027 | $2,020,137 | $5,993,074 |
| 17 | $8,838,101 | $424,229 | $2,121,144 | $6,292,728 |
| 18 | $9,280,006 | $445,440 | $2,227,202 | $6,607,365 |
| 19 | $9,744,007 | $467,712 | $2,338,562 | $6,937,733 |
| 20 | $10,231,207 | $491,098 | $2,455,490 | $7,284,619 |
| 21 | $10,742,767 | $515,653 | $2,578,264 | $7,648,850 |
| 22 | $11,279,906 | $541,435 | $2,707,177 | $8,031,293 |
| 23 | $11,843,901 | $568,507 | $2,842,536 | $8,432,858 |
| 24 | $12,436,096 | $596,933 | $2,984,663 | $8,854,500 |
| 25 | $13,057,901 | $626,779 | $3,133,896 | $9,297,225 |
| 26 | $13,710,796 | $658,118 | $3,290,591 | $9,762,087 |
| 27 | $14,396,336 | $691,024 | $3,455,121 | $10,250,191 |
| 28 | $15,116,153 | $725,575 | $3,627,877 | $10,762,701 |
| 29 | $15,871,960 | $761,854 | $3,809,270 | $11,300,836 |
| 30 | $16,665,558 | $799,947 | $3,999,734 | $11,865,877 |
| Total | $269,000,000 | $12,912,000 | $64,560,000 | $191,528,000 |
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.
