USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Arizona

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $90,000,000 would be for a resident of Arizona, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Arizona

Drawing Date:  Sat, May 28, 2016
Jackpot:$90,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,354,629$338,657$67,731$948,240
2$1,422,361$355,590$71,118$995,652
3$1,493,479$373,370$74,674$1,045,435
4$1,568,153$392,038$78,408$1,097,707
5$1,646,560$411,640$82,328$1,152,592
6$1,728,888$432,222$86,444$1,210,222
7$1,815,333$453,833$90,767$1,270,733
8$1,906,099$476,525$95,305$1,334,270
9$2,001,404$500,351$100,070$1,400,983
10$2,101,474$525,369$105,074$1,471,032
11$2,206,548$551,637$110,327$1,544,584
12$2,316,876$579,219$115,844$1,621,813
13$2,432,719$608,180$121,636$1,702,904
14$2,554,355$638,589$127,718$1,788,049
15$2,682,073$670,518$134,104$1,877,451
16$2,816,177$704,044$140,809$1,971,324
17$2,956,986$739,246$147,849$2,069,890
18$3,104,835$776,209$155,242$2,173,384
19$3,260,077$815,019$163,004$2,282,054
20$3,423,080$855,770$171,154$2,396,156
21$3,594,234$898,559$179,712$2,515,964
22$3,773,946$943,487$188,697$2,641,762
23$3,962,643$990,661$198,132$2,773,850
24$4,160,776$1,040,194$208,039$2,912,543
25$4,368,814$1,092,204$218,441$3,058,170
26$4,587,255$1,146,814$229,363$3,211,079
27$4,816,618$1,204,154$240,831$3,371,633
28$5,057,449$1,264,362$252,872$3,540,214
29$5,310,321$1,327,580$265,516$3,717,225
30$5,575,837$1,393,959$278,792$3,903,086
Total$90,000,000$22,500,000$4,500,000$63,000,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.