The invention relates to a method for preparing gamma-AlON radical ceramic luminous powder by using a co-precipitation method, belonging to the field of synthesis and preparation of phosphor powder materials. The method is characterized by comprising the following steps of: using aluminum nitrate, cerium nitrate, terbium nitrate, urea and nano carbon black as raw materials, using PEG as a dispersing agent, using ammonium bicarbonate and ammonia water as a precipitating agent, and precipitating and reacting to obtain a precursor; precipitating and washing the precursor, and grinding after drying; after processing for 2-4 hours under the nitrogen protection condition at 700 DEG C, keeping warm for 2-4 hours under the condition of nitrogen flow of 0.5L / min at 1750 DEG C; after naturally cooling in air, removing carbon under the condition of 700 DEG C, and finally obtaining AlON radical phosphor powder doped with Tb3+ / Ce3+luminous irons. The particle size of the powder is in the range of 1-2mu and is uniform. After the components are optimized, the AlON powder co-doped with Tb3+ / Ce3+ irons is excited to have good luminous properties under the condition of 275nm, and the luminous intensity is as ten times as that of AlON phosphor powder singly doped with Tb3.