USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for May 3, 2000

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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 $18,200,000 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:Wed, May 3, 2000
Jackpot:$18,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$324,508$82,347$8,113$234,048
2$337,488$86,890$8,437$242,161
3$350,988$91,615$8,775$250,598
4$365,027$96,529$9,126$259,373
5$379,628$101,639$9,491$268,498
6$394,813$106,954$9,870$277,989
7$410,606$112,481$10,265$287,859
8$427,030$118,230$10,676$298,125
9$444,111$124,208$11,103$308,800
10$461,876$130,426$11,547$319,903
11$480,351$136,892$12,009$331,450
12$499,565$143,617$12,489$343,459
13$519,547$150,611$12,989$355,948
14$540,329$157,885$13,508$368,937
15$561,943$165,449$14,049$382,445
16$584,420$173,316$14,611$396,493
17$607,797$181,498$15,195$411,104
18$632,109$190,007$15,803$426,299
19$657,393$199,193$16,435$441,766
20$683,689$208,922$17,092$457,675
21$711,037$219,041$17,776$474,220
22$739,478$229,564$18,487$491,427
23$769,057$240,508$19,226$509,322
24$799,819$251,890$19,995$527,934
25$831,812$263,728$20,795$547,289
26$865,085$276,039$21,627$567,419
27$899,688$288,842$22,492$588,354
28$935,676$302,157$23,392$610,126
29$973,103$316,005$24,328$632,770
30$1,012,027$330,407$25,301$656,319
Total$18,200,000$5,476,890$455,002$12,268,110

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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.