USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Aug 10, 1996

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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 $9,100,000 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:Sat, Aug 10, 1996
Jackpot:$9,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$162,254$31,539$4,056$126,659
2$168,744$33,097$4,219$131,429
3$175,494$34,717$4,387$136,390
4$182,514$36,401$4,563$141,549
5$189,814$38,153$4,745$146,915
6$197,407$39,976$4,935$152,496
7$205,303$42,153$5,133$158,017
8$213,515$44,781$5,338$163,396
9$222,056$47,514$5,551$168,990
10$230,938$50,356$5,773$174,808
11$240,175$53,312$6,004$180,859
12$249,782$56,386$6,245$187,151
13$259,774$59,690$6,494$193,589
14$270,165$63,327$6,754$200,084
15$280,971$67,109$7,024$206,838
16$292,210$71,043$7,305$213,862
17$303,899$75,134$7,597$221,167
18$316,054$79,388$7,901$228,765
19$328,697$83,813$8,217$236,666
20$341,844$88,415$8,546$244,884
21$355,518$93,201$8,888$253,430
22$369,739$98,178$9,243$262,318
23$384,529$103,354$9,613$271,561
24$399,910$108,738$9,998$281,174
25$415,906$114,336$10,398$291,172
26$432,542$120,159$10,814$301,570
27$449,844$126,215$11,246$312,383
28$467,838$132,512$11,696$323,629
29$486,551$139,062$12,164$335,325
30$506,013$145,874$12,650$347,489
Total$9,100,000$2,277,933$227,497$6,594,565

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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.