The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. The payouts are graduated so they increase 5 percent year-on-year. What were the winning Powerball numbers on Sept.
If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years. How much is the Powerball jackpot amount The jackpot pool is set to grow to an estimated 925 million and a cash value of 432.4 million.
