USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Sep 20, 1997

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The tax information provided here is based on 2024 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 $19,200,000 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, Sep 20, 1997
Jackpot:$19,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$342,338$90,193$8,558$243,586
2$356,031$94,986$8,901$252,145
3$370,273$99,970$9,257$261,046
4$385,084$105,154$9,627$270,302
5$400,487$110,545$10,012$279,930
6$416,506$116,152$10,413$289,942
7$433,167$121,983$10,829$300,354
8$450,493$128,047$11,262$311,184
9$468,513$134,354$11,713$322,446
10$487,254$140,914$12,181$334,159
11$506,744$147,735$12,669$346,340
12$527,013$154,829$13,175$359,009
13$548,094$162,208$13,702$372,184
14$570,018$169,881$14,250$385,886
15$592,818$177,861$14,820$400,137
16$616,531$186,304$15,413$414,814
17$641,192$195,429$16,030$429,734
18$666,840$204,919$16,671$445,251
19$693,514$214,788$17,338$461,388
20$721,254$225,052$18,031$478,171
21$750,105$235,726$18,753$495,625
22$780,109$246,828$19,503$513,778
23$811,313$258,374$20,283$532,657
24$843,766$270,381$21,094$552,290
25$877,516$282,869$21,938$572,710
26$912,617$295,856$22,815$593,945
27$949,121$309,363$23,728$616,031
28$987,086$323,410$24,677$638,999
29$1,026,570$338,019$25,664$662,887
30$1,067,633$353,212$26,691$687,730
Total$19,200,000$5,895,342$479,998$12,824,660

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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.