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. In second place is a 2016 jackpot of 1.586 billion. Monday's estimated 900 million ranked as the third-largest in the game's history. The payouts are graduated so they increase 5 percent year-on-year. For example, in the August 2022 Powerball jackpot, the winner could have chosen a 122.3 million lump sum or a 206.9 million annuity payout over 29 years. The cash payout is estimated at 516.8 million. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years.
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