USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Sep 18, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $457,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Arizona

Drawing Date:Sat, Sep 18, 2021
Jackpot:$457,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,878,506$2,509,119$309,533$4,059,854
2$7,222,431$2,636,372$325,009$4,261,050
3$7,583,553$2,769,987$341,260$4,472,306
4$7,962,731$2,910,283$358,323$4,694,125
5$8,360,867$3,057,593$376,239$4,927,035
6$8,778,910$3,212,269$395,051$5,171,590
7$9,217,856$3,374,679$414,804$5,428,373
8$9,678,749$3,545,209$435,544$5,697,996
9$10,162,686$3,724,266$457,321$5,981,099
10$10,670,820$3,912,276$480,187$6,278,358
11$11,204,361$4,109,686$504,196$6,590,479
12$11,764,579$4,316,967$529,406$6,918,207
13$12,352,808$4,534,611$555,876$7,262,321
14$12,970,449$4,763,138$583,670$7,623,640
15$13,618,971$5,003,092$612,854$8,003,026
16$14,299,920$5,255,043$643,496$8,401,381
17$15,014,916$5,519,591$675,671$8,819,653
18$15,765,661$5,797,367$709,455$9,258,840
19$16,553,944$6,089,032$744,927$9,719,985
20$17,381,642$6,395,280$782,174$10,204,188
21$18,250,724$6,716,840$821,283$10,712,601
22$19,163,260$7,054,478$862,347$11,246,435
23$20,121,423$7,408,999$905,464$11,806,960
24$21,127,494$7,781,245$950,737$12,395,512
25$22,183,869$8,172,104$998,274$13,013,491
26$23,293,062$8,582,505$1,048,188$13,662,369
27$24,457,715$9,013,427$1,100,597$14,343,691
28$25,680,601$9,465,895$1,155,627$15,059,079
29$26,964,631$9,940,986$1,213,408$15,810,237
30$28,312,863$10,439,831$1,274,079$16,598,953
Total$457,000,001$168,012,170$20,565,000$268,422,834

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.