This Powerball payout breakdown covers every prize tier — all nine of them — with the official prize amounts and odds from powerball.com. Whether you are checking what your ticket won or deciding between the lump sum and the annuity, here is exactly how Powerball payouts work.
Powerball Prize Matrix
9 ways to win • Overall odds 1 in 24.87
| Match | Prize | Odds |
|---|---|---|
| 5 + Powerball | Jackpot | 1 in 292,201,338 |
| 5 | $1,000,000 | 1 in 11,688,054 |
| 4 + Powerball | $50,000 | 1 in 913,129 |
| 4 | $100 | 1 in 36,525 |
| 3 + Powerball | $100 | 1 in 14,494 |
| 3 | $7 | 1 in 580 |
| 2 + Powerball | $7 | 1 in 701 |
| 1 + Powerball | $4 | 1 in 92 |
| Powerball only | $4 | 1 in 38 |
Add Power Play for $1 to multiply non-jackpot prizes 2X–10X. Match 5 wins $2,000,000 with Power Play.
The overall odds of winning any Powerball prize are 1 in 24.87. For more on how those odds work, see our full guide to Powerball odds and payouts.
Lump Sum vs Annuity: How the Jackpot Is Paid
Jackpot winners choose between two payout options. The lump sum is a one-time cash payment equal to the jackpot’s discounted cash value — the actual cash the lottery has on hand to fund the prize — which is always substantially less than the advertised jackpot figure. The annuity pays the full advertised jackpot as 30 graduated payments over 29 years.
For most winners the decision comes down to time, taxes and personal circumstances. Our annuity vs lump sum guide walks through the trade-offs in detail.
Do Powerball Payouts Get Taxed?
Yes. Lottery winnings are subject to tax withholding, and a large jackpot can push you into a higher tax bracket. This page does not give tax advice — everyone’s situation is different, so speak to a qualified tax professional before claiming a big prize. For a general overview, see our guide to lottery winnings taxes.
Frequently Asked Questions
How is the Powerball jackpot paid out?
Jackpot winners choose between a lump sum — a one-time payment of the jackpot’s discounted cash value — or an annuity of 30 graduated payments over 29 years. Winners must make the choice within the claim window set by the lottery in the state where the ticket was bought.
What is the lump sum payout on a Powerball jackpot?
The lump sum is the jackpot’s discounted cash value: the present-day cash amount behind the advertised annuity figure. It is always substantially less than the advertised jackpot, and the exact amount is published alongside each advertised jackpot.
Do Powerball payouts get taxed?
Yes. Federal and, in most states, state taxes apply to lottery winnings, and the lottery withholds a portion of large prizes automatically. Because tax rules vary and jackpots can change your tax bracket, consult a qualified tax professional before claiming.