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 largest Powerball jackpot in history was a nearly 1.6 billion prize won in 2016 that was split between three winners in California, Florida and Tennessee. The payouts are graduated so they increase 5 percent year-on-year. Complete and up-to-date New Jersey ( NJ ) lottery results, offering winning numbers and jackpots for all New Jersey lotteries, including Powerball and Mega. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years.
