USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 17, 2001

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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 $22,400,000 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:Wed, Jan 17, 2001
Jackpot:$22,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$399,394$108,557$9,985$280,852
2$415,370$114,149$10,384$290,837
3$431,985$119,964$10,800$301,221
4$449,264$126,012$11,232$312,021
5$467,235$132,301$11,681$323,252
6$485,924$138,843$12,148$334,933
7$505,361$145,646$12,634$347,081
8$525,576$152,721$13,139$359,715
9$546,599$160,079$13,665$372,855
10$568,463$167,731$14,212$386,520
11$591,201$175,690$14,780$400,731
12$614,849$183,966$15,371$415,511
13$639,443$192,574$15,986$430,883
14$665,021$202,015$16,626$446,380
15$691,622$211,857$17,291$462,474
16$719,286$222,093$17,982$479,211
17$748,058$232,739$18,701$496,618
18$777,980$243,810$19,450$514,721
19$809,099$255,324$20,227$533,548
20$841,463$267,299$21,037$553,128
21$875,122$279,752$21,878$573,492
22$910,127$292,704$22,753$594,669
23$946,532$306,174$23,663$616,695
24$984,393$320,183$24,610$639,601
25$1,023,769$334,752$25,594$663,423
26$1,064,720$349,904$26,618$688,198
27$1,107,308$365,661$27,683$713,964
28$1,151,601$382,050$28,790$740,761
29$1,197,665$399,093$29,942$768,630
30$1,245,571$416,819$31,139$797,613
Total$22,400,000$7,000,462$560,001$14,839,538

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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.