USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Dec 11, 1999

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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 $47,400,000 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, Dec 11, 1999
Jackpot:$47,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$845,147$268,662$21,129$555,357
2$878,953$281,170$21,974$575,809
3$914,111$294,178$22,853$597,080
4$950,675$307,707$23,767$619,201
5$988,702$321,777$24,718$642,208
6$1,028,250$336,410$25,706$666,134
7$1,069,380$351,628$26,735$691,018
8$1,112,155$367,455$27,804$716,897
9$1,156,642$383,915$28,916$743,811
10$1,202,907$401,033$30,073$771,802
11$1,251,024$418,836$31,276$800,912
12$1,301,065$437,351$32,527$831,187
13$1,353,107$456,607$33,828$862,673
14$1,407,231$476,633$35,181$895,418
15$1,463,521$497,460$36,588$929,473
16$1,522,061$519,120$38,052$964,890
17$1,582,944$541,646$39,574$1,001,724
18$1,646,262$565,074$41,157$1,040,031
19$1,712,112$589,439$42,803$1,079,871
20$1,780,597$614,778$44,515$1,121,304
21$1,851,820$641,131$46,296$1,164,394
22$1,925,893$668,538$48,147$1,209,208
23$2,002,929$697,041$50,073$1,255,815
24$2,083,046$726,684$52,076$1,304,286
25$2,166,368$757,513$54,159$1,354,695
26$2,253,023$789,576$56,326$1,407,122
27$2,343,144$822,920$58,579$1,461,645
28$2,436,869$857,599$60,922$1,518,349
29$2,534,344$893,665$63,359$1,577,321
30$2,635,718$931,173$65,893$1,638,652
Total$47,400,000$16,216,719$1,185,006$29,998,287

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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.