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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 $153,000,000 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, Jan 21, 2017
Jackpot:$153,000,000
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$2,302,870$575,717$138,172$1,588,980
2$2,418,013$604,503$145,081$1,668,429
3$2,538,914$634,728$152,335$1,751,850
4$2,665,859$666,465$159,952$1,839,443
5$2,799,152$699,788$167,949$1,931,415
6$2,939,110$734,777$176,347$2,027,986
7$3,086,066$771,516$185,164$2,129,385
8$3,240,369$810,092$194,422$2,235,854
9$3,402,387$850,597$204,143$2,347,647
10$3,572,507$893,127$214,350$2,465,030
11$3,751,132$937,783$225,068$2,588,281
12$3,938,688$984,672$236,321$2,717,695
13$4,135,623$1,033,906$248,137$2,853,580
14$4,342,404$1,085,601$260,544$2,996,259
15$4,559,524$1,139,881$273,571$3,146,072
16$4,787,501$1,196,875$287,250$3,303,375
17$5,026,875$1,256,719$301,613$3,468,544
18$5,278,219$1,319,555$316,693$3,641,971
19$5,542,130$1,385,533$332,528$3,824,070
20$5,819,237$1,454,809$349,154$4,015,273
21$6,110,199$1,527,550$366,612$4,216,037
22$6,415,708$1,603,927$384,943$4,426,839
23$6,736,494$1,684,123$404,190$4,648,181
24$7,073,319$1,768,330$424,399$4,880,590
25$7,426,984$1,856,746$445,619$5,124,619
26$7,798,334$1,949,583$467,900$5,380,850
27$8,188,250$2,047,063$491,295$5,649,893
28$8,597,663$2,149,416$515,860$5,932,387
29$9,027,546$2,256,887$541,653$6,229,007
30$9,478,923$2,369,731$568,735$6,540,457
Total$153,000,000$38,250,000$9,180,000$105,570,000
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