USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 9, 2002

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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 $49,100,000 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:Wed, Jan 9, 2002
Jackpot:$49,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$875,458$282,107$21,886$571,464
2$910,476$295,064$22,762$592,650
3$946,895$308,539$23,672$614,684
4$984,771$322,553$24,619$637,599
5$1,024,162$337,128$25,604$661,430
6$1,065,128$352,285$26,628$686,215
7$1,107,733$368,049$27,693$711,991
8$1,152,043$384,444$28,801$738,798
9$1,198,125$401,494$29,953$766,678
10$1,246,050$419,226$31,151$795,672
11$1,295,892$437,668$32,397$825,827
12$1,347,727$456,847$33,693$857,187
13$1,401,636$476,793$35,041$889,802
14$1,457,702$497,537$36,443$923,722
15$1,516,010$519,111$37,900$958,998
16$1,576,650$541,548$39,416$995,686
17$1,639,716$564,883$40,993$1,033,841
18$1,705,305$589,151$42,633$1,073,522
19$1,773,517$614,389$44,338$1,114,790
20$1,844,458$640,637$46,111$1,157,709
21$1,918,236$667,935$47,956$1,202,345
22$1,994,965$696,325$49,874$1,248,766
23$2,074,764$725,850$51,869$1,297,045
24$2,157,755$756,557$53,944$1,347,254
25$2,244,065$788,492$56,102$1,399,471
26$2,333,827$821,704$58,346$1,453,778
27$2,427,180$856,245$60,680$1,510,256
28$2,524,268$892,167$63,107$1,568,994
29$2,625,238$929,526$65,631$1,630,081
30$2,730,248$968,379$68,256$1,693,612
Total$49,100,000$16,912,633$1,227,499$30,959,867

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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.