USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 25, 1995

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The tax information provided here is based on 2026 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 $5,600,000 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 money, as well as deductions claimed.

State:

Arizona

Drawing Date:Wed, Jan 25, 1995
Jackpot:$5,600,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$99,849$16,679$2,496$80,674
2$103,842$17,557$2,596$83,689
3$107,996$18,517$2,700$86,779
4$112,316$19,554$2,808$89,954
5$116,809$20,632$2,920$93,256
6$121,481$21,753$3,037$96,691
7$126,340$22,920$3,159$100,262
8$131,394$24,133$3,285$103,977
9$136,650$25,394$3,416$107,839
10$142,116$26,706$3,553$111,857
11$147,800$28,070$3,695$116,035
12$153,712$29,489$3,843$120,381
13$159,861$30,965$3,997$124,900
14$166,255$32,499$4,156$129,600
15$172,905$34,095$4,323$134,487
16$179,822$35,755$4,496$139,571
17$187,014$37,481$4,675$144,858
18$194,495$39,277$4,862$150,356
19$202,275$41,184$5,057$156,034
20$210,366$43,773$5,259$161,334
21$218,780$46,466$5,470$166,845
22$227,532$49,266$5,688$172,577
23$236,633$52,179$5,916$178,539
24$246,098$55,207$6,152$184,738
25$255,942$58,358$6,399$191,186
26$266,180$61,932$6,654$197,593
27$276,827$65,659$6,921$204,248
28$287,900$69,534$7,198$211,168
29$299,416$73,565$7,485$218,366
30$311,393$77,757$7,785$225,851
Total$5,600,000$1,176,356$140,001$4,283,645

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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.