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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 $422,000,000 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:  Wed, Jul 27, 2016
Jackpot:$422,000,000
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$6,351,706$1,587,926$381,102$4,382,677
2$6,669,291$1,667,323$400,157$4,601,811
3$7,002,755$1,750,689$420,165$4,831,901
4$7,352,893$1,838,223$441,174$5,073,496
5$7,720,538$1,930,134$463,232$5,327,171
6$8,106,565$2,026,641$486,394$5,593,530
7$8,511,893$2,127,973$510,714$5,873,206
8$8,937,488$2,234,372$536,249$6,166,867
9$9,384,362$2,346,091$563,062$6,475,210
10$9,853,580$2,463,395$591,215$6,798,970
11$10,346,259$2,586,565$620,776$7,138,919
12$10,863,572$2,715,893$651,814$7,495,865
13$11,406,751$2,851,688$684,405$7,870,658
14$11,977,088$2,994,272$718,625$8,264,191
15$12,575,943$3,143,986$754,557$8,677,400
16$13,204,740$3,301,185$792,284$9,111,271
17$13,864,977$3,466,244$831,899$9,566,834
18$14,558,226$3,639,556$873,494$10,045,176
19$15,286,137$3,821,534$917,168$10,547,434
20$16,050,444$4,012,611$963,027$11,074,806
21$16,852,966$4,213,241$1,011,178$11,628,546
22$17,695,614$4,423,904$1,061,737$12,209,974
23$18,580,395$4,645,099$1,114,824$12,820,473
24$19,509,414$4,877,354$1,170,565$13,461,496
25$20,484,885$5,121,221$1,229,093$14,134,571
26$21,509,130$5,377,282$1,290,548$14,841,300
27$22,584,586$5,646,147$1,355,075$15,583,365
28$23,713,815$5,928,454$1,422,829$16,362,533
29$24,899,506$6,224,877$1,493,970$17,180,659
30$26,144,482$6,536,120$1,568,669$18,039,692
Total$422,000,001$105,500,000$25,320,000$291,180,001
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