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. lottery history, but one lucky ticket in New York is still worth 1 million. The payouts are graduated so they increase 5 percent year-on-year. The Powerball jackpot has grown to 800 million, the fifth largest in U.S.
It sits behind a 2.04 billion Powerball jackpot won in California.
If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years. At its current size, the jackpot ranks as the third-largest in Powerball history and the fourth-largest in U.S.
