Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Saturday, Apr 04, 2026
$217,000,000
Federal tax
Select your filing status.
-$52,080,000State tax
Select your state.
-$10,416,000Net jackpot after tax
$154,504,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $3,266,161 | $156,776 | $783,879 | $2,325,507 |
| 2 | $3,429,469 | $164,615 | $823,073 | $2,441,782 |
| 3 | $3,600,943 | $172,845 | $864,226 | $2,563,871 |
| 4 | $3,780,990 | $181,488 | $907,438 | $2,692,065 |
| 5 | $3,970,040 | $190,562 | $952,810 | $2,826,668 |
| 6 | $4,168,542 | $200,090 | $1,000,450 | $2,968,002 |
| 7 | $4,376,969 | $210,094 | $1,050,472 | $3,116,402 |
| 8 | $4,595,817 | $220,599 | $1,102,996 | $3,272,222 |
| 9 | $4,825,608 | $231,629 | $1,158,146 | $3,435,833 |
| 10 | $5,066,888 | $243,211 | $1,216,053 | $3,607,625 |
| 11 | $5,320,233 | $255,371 | $1,276,856 | $3,788,006 |
| 12 | $5,586,244 | $268,140 | $1,340,699 | $3,977,406 |
| 13 | $5,865,557 | $281,547 | $1,407,734 | $4,176,276 |
| 14 | $6,158,834 | $295,624 | $1,478,120 | $4,385,090 |
| 15 | $6,466,776 | $310,405 | $1,552,026 | $4,604,345 |
| 16 | $6,790,115 | $325,926 | $1,629,628 | $4,834,562 |
| 17 | $7,129,621 | $342,222 | $1,711,109 | $5,076,290 |
| 18 | $7,486,102 | $359,333 | $1,796,664 | $5,330,104 |
| 19 | $7,860,407 | $377,300 | $1,886,498 | $5,596,610 |
| 20 | $8,253,427 | $396,165 | $1,980,823 | $5,876,440 |
| 21 | $8,666,099 | $415,973 | $2,079,864 | $6,170,262 |
| 22 | $9,099,404 | $436,771 | $2,183,857 | $6,478,775 |
| 23 | $9,554,374 | $458,610 | $2,293,050 | $6,802,714 |
| 24 | $10,032,092 | $481,540 | $2,407,702 | $7,142,850 |
| 25 | $10,533,697 | $505,617 | $2,528,087 | $7,499,992 |
| 26 | $11,060,382 | $530,898 | $2,654,492 | $7,874,992 |
| 27 | $11,613,401 | $557,443 | $2,787,216 | $8,268,741 |
| 28 | $12,194,071 | $585,315 | $2,926,577 | $8,682,179 |
| 29 | $12,803,775 | $614,581 | $3,072,906 | $9,116,287 |
| 30 | $13,443,963 | $645,310 | $3,226,551 | $9,572,102 |
| Total | $217,000,000 | $10,416,000 | $52,080,000 | $154,504,000 |
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.
