Powerball Annuity Payment Schedule
Here's how the current Powerball jackpot will be paid if the annuity option is selected.
Current Powerball jackpot
Wednesday, May 13, 2026
$69,000,000
Federal tax
Select your filing status.
-$16,560,000State tax
Select your state.
-$3,312,000Net jackpot after tax
$49,128,000
|
Payment Number |
Gross Payment |
State Tax for AZ |
Federal Tax |
Net Payment |
|---|---|---|---|---|
| 1 | $1,038,549 | $49,850 | $249,252 | $739,447 |
| 2 | $1,090,476 | $52,343 | $261,714 | $776,419 |
| 3 | $1,145,000 | $54,960 | $274,800 | $815,240 |
| 4 | $1,202,250 | $57,708 | $288,540 | $856,002 |
| 5 | $1,262,363 | $60,593 | $302,967 | $898,802 |
| 6 | $1,325,481 | $63,623 | $318,115 | $943,742 |
| 7 | $1,391,755 | $66,804 | $334,021 | $990,930 |
| 8 | $1,461,343 | $70,144 | $350,722 | $1,040,476 |
| 9 | $1,534,410 | $73,652 | $368,258 | $1,092,500 |
| 10 | $1,611,130 | $77,334 | $386,671 | $1,147,125 |
| 11 | $1,691,687 | $81,201 | $406,005 | $1,204,481 |
| 12 | $1,776,271 | $85,261 | $426,305 | $1,264,705 |
| 13 | $1,865,085 | $89,524 | $447,620 | $1,327,940 |
| 14 | $1,958,339 | $94,000 | $470,001 | $1,394,337 |
| 15 | $2,056,256 | $98,700 | $493,501 | $1,464,054 |
| 16 | $2,159,069 | $103,635 | $518,177 | $1,537,257 |
| 17 | $2,267,022 | $108,817 | $544,085 | $1,614,120 |
| 18 | $2,380,373 | $114,258 | $571,290 | $1,694,826 |
| 19 | $2,499,392 | $119,971 | $599,854 | $1,779,567 |
| 20 | $2,624,362 | $125,969 | $629,847 | $1,868,545 |
| 21 | $2,755,580 | $132,268 | $661,339 | $1,961,973 |
| 22 | $2,893,359 | $138,881 | $694,406 | $2,060,071 |
| 23 | $3,038,027 | $145,825 | $729,126 | $2,163,075 |
| 24 | $3,189,928 | $153,117 | $765,583 | $2,271,229 |
| 25 | $3,349,424 | $160,772 | $803,862 | $2,384,790 |
| 26 | $3,516,896 | $168,811 | $844,055 | $2,504,030 |
| 27 | $3,692,740 | $177,252 | $886,258 | $2,629,231 |
| 28 | $3,877,377 | $186,114 | $930,571 | $2,760,693 |
| 29 | $4,071,246 | $195,420 | $977,099 | $2,898,727 |
| 30 | $4,274,809 | $205,191 | $1,025,954 | $3,043,664 |
| Total | $69,000,000 | $3,312,000 | $16,560,000 | $49,128,000 |
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.
