![]() ![]() Jackpot winners may choose to receive their prizes as. 4, 2021, with a 699.8 million winner in California. The Powerball jackpot swelled to an estimated 1.55 billion for Monday night’s drawing after weeks with no grand prize winner. 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 only other Powerball jackpot run to reach 41 consecutive drawings ended Oct. The payouts are graduated so they increase 5 percent year-on-year. 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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