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Powerball Annuity Jackpot Analysis for Arizona

For an out-of-state resident

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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 $136,000,000 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, Feb 6, 2016
Jackpot:$136,000,000
Federal Tax:  25%
State Tax:6.00% (For an out-of-state resident)
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,046,995$511,749$122,820$1,412,427
2$2,149,345$537,336$128,961$1,483,048
3$2,256,812$564,203$135,409$1,557,200
4$2,369,653$592,413$142,179$1,635,060
5$2,488,135$622,034$149,288$1,716,813
6$2,612,542$653,136$156,753$1,802,654
7$2,743,169$685,792$164,590$1,892,787
8$2,880,328$720,082$172,820$1,987,426
9$3,024,344$756,086$181,461$2,086,797
10$3,175,561$793,890$190,534$2,191,137
11$3,334,339$833,585$200,060$2,300,694
12$3,501,056$875,264$210,063$2,415,729
13$3,676,109$919,027$220,567$2,536,515
14$3,859,915$964,979$231,595$2,663,341
15$4,052,910$1,013,228$243,175$2,796,508
16$4,255,556$1,063,889$255,333$2,936,334
17$4,468,334$1,117,083$268,100$3,083,150
18$4,691,750$1,172,938$281,505$3,237,308
19$4,926,338$1,231,584$295,580$3,399,173
20$5,172,655$1,293,164$310,359$3,569,132
21$5,431,288$1,357,822$325,877$3,747,588
22$5,702,852$1,425,713$342,171$3,934,968
23$5,987,995$1,496,999$359,280$4,131,716
24$6,287,394$1,571,849$377,244$4,338,302
25$6,601,764$1,650,441$396,106$4,555,217
26$6,931,852$1,732,963$415,911$4,782,978
27$7,278,445$1,819,611$436,707$5,022,127
28$7,642,367$1,910,592$458,542$5,273,233
29$8,024,485$2,006,121$481,469$5,536,895
30$8,425,710$2,106,427$505,543$5,813,740
Total$136,000,000$34,000,000$8,160,000$93,840,000
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