Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Monday, Mar 17, 2025
$398,000,000
Federal tax
Select your filing status.
-$95,520,000State tax
Select your state.
-$19,104,000Net jackpot after tax
$283,376,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $5,990,471 | $287,543 | $1,437,713 | $4,265,215 |
| 2 | $6,289,995 | $301,920 | $1,509,599 | $4,478,476 |
| 3 | $6,604,494 | $317,016 | $1,585,079 | $4,702,400 |
| 4 | $6,934,719 | $332,867 | $1,664,333 | $4,937,520 |
| 5 | $7,281,455 | $349,510 | $1,747,549 | $5,184,396 |
| 6 | $7,645,528 | $366,985 | $1,834,927 | $5,443,616 |
| 7 | $8,027,804 | $385,335 | $1,926,673 | $5,715,797 |
| 8 | $8,429,195 | $404,601 | $2,023,007 | $6,001,586 |
| 9 | $8,850,654 | $424,831 | $2,124,157 | $6,301,666 |
| 10 | $9,293,187 | $446,073 | $2,230,365 | $6,616,749 |
| 11 | $9,757,846 | $468,377 | $2,341,883 | $6,947,587 |
| 12 | $10,245,739 | $491,795 | $2,458,977 | $7,294,966 |
| 13 | $10,758,026 | $516,385 | $2,581,926 | $7,659,714 |
| 14 | $11,295,927 | $542,204 | $2,711,022 | $8,042,700 |
| 15 | $11,860,723 | $569,315 | $2,846,574 | $8,444,835 |
| 16 | $12,453,759 | $597,780 | $2,988,902 | $8,867,077 |
| 17 | $13,076,447 | $627,669 | $3,138,347 | $9,310,430 |
| 18 | $13,730,270 | $659,053 | $3,295,265 | $9,775,952 |
| 19 | $14,416,783 | $692,006 | $3,460,028 | $10,264,750 |
| 20 | $15,137,622 | $726,606 | $3,633,029 | $10,777,987 |
| 21 | $15,894,503 | $762,936 | $3,814,681 | $11,316,886 |
| 22 | $16,689,229 | $801,083 | $4,005,415 | $11,882,731 |
| 23 | $17,523,690 | $841,137 | $4,205,686 | $12,476,867 |
| 24 | $18,399,875 | $883,194 | $4,415,970 | $13,100,711 |
| 25 | $19,319,868 | $927,354 | $4,636,768 | $13,755,746 |
| 26 | $20,285,862 | $973,721 | $4,868,607 | $14,443,533 |
| 27 | $21,300,155 | $1,022,407 | $5,112,037 | $15,165,710 |
| 28 | $22,365,162 | $1,073,528 | $5,367,639 | $15,923,996 |
| 29 | $23,483,421 | $1,127,204 | $5,636,021 | $16,720,195 |
| 30 | $24,657,592 | $1,183,564 | $5,917,822 | $17,556,205 |
| Total | $398,000,000 | $19,104,000 | $95,520,000 | $283,376,000 |
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.
