USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jun 10, 2023

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The tax information provided here is based on 2022 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 $308,000,000 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, Jun 10, 2023
Jackpot:$308,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,635,842$1,678,217$115,896$2,841,729
2$4,867,634$1,763,980$121,691$2,981,964
3$5,111,016$1,854,031$127,775$3,129,210
4$5,366,567$1,948,585$134,164$3,283,818
5$5,634,895$2,047,866$140,872$3,446,156
6$5,916,640$2,152,112$147,916$3,616,612
7$6,212,472$2,261,570$155,312$3,795,590
8$6,523,095$2,376,500$163,077$3,983,518
9$6,849,250$2,497,178$171,231$4,180,841
10$7,191,713$2,623,889$179,793$4,388,031
11$7,551,298$2,756,935$188,782$4,605,580
12$7,928,863$2,896,634$198,222$4,834,007
13$8,325,306$3,043,318$208,133$5,073,855
14$8,741,572$3,197,336$218,539$5,325,696
15$9,178,650$3,359,056$229,466$5,590,128
16$9,637,583$3,528,861$240,940$5,867,783
17$10,119,462$3,707,156$252,987$6,159,319
18$10,625,435$3,894,366$265,636$6,465,433
19$11,156,706$4,090,936$278,918$6,786,852
20$11,714,542$4,297,336$292,864$7,124,343
21$12,300,269$4,514,054$307,507$7,478,708
22$12,915,282$4,741,609$322,882$7,850,791
23$13,561,047$4,980,542$339,026$8,241,478
24$14,239,099$5,231,422$355,977$8,651,700
25$14,951,054$5,494,845$373,776$9,082,432
26$15,698,607$5,771,439$392,465$9,534,702
27$16,483,537$6,061,864$412,088$10,009,585
28$17,307,714$6,366,809$432,693$10,508,212
29$18,173,099$6,687,002$454,327$11,031,770
30$19,081,754$7,023,204$477,044$11,581,506
Total$308,000,001$112,848,652$7,699,999$187,451,349

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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.