The newest jackpot now sits roughly 6 million behind the seventh-largest jackpot, a 731.1 million. 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. At its current size, the Powerball jackpot stands as the eighth-largest in the game’s history. The payouts are graduated so they increase 5 percent year-on-year. Get the winning numbers, watch the draw show, and find out just how big the jackpot has grown. If desired, you can change this value using the drop-down box. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years. Weve detected youre in Virginia so weve automatically applied the applicable state tax in the table below.
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