USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jul 6, 2002

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $20,900,000 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, Jul 6, 2002
Jackpot:$20,900,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$372,649$100,802$9,316$262,531
2$387,555$106,019$9,689$271,847
3$403,057$111,445$10,076$281,536
4$419,180$117,088$10,479$291,612
5$435,947$122,956$10,899$302,092
6$453,385$129,059$11,335$312,991
7$471,520$135,407$11,788$324,325
8$490,381$142,008$12,260$336,113
9$509,996$148,873$12,750$348,373
10$530,396$156,013$13,260$361,123
11$551,612$163,439$13,790$374,383
12$573,676$171,161$14,342$388,173
13$596,623$179,193$14,916$402,515
14$620,488$187,768$15,512$417,208
15$645,308$196,952$16,133$432,223
16$671,120$206,502$16,778$447,840
17$697,965$216,435$17,449$464,081
18$725,883$226,765$18,147$480,972
19$754,919$237,508$18,873$498,538
20$785,115$248,680$19,628$516,807
21$816,520$260,300$20,413$535,807
22$849,181$272,385$21,230$555,567
23$883,148$284,953$22,079$576,117
24$918,474$298,023$22,962$597,489
25$955,213$311,617$23,880$619,716
26$993,421$325,754$24,836$642,832
27$1,033,158$340,456$25,829$666,873
28$1,074,485$355,747$26,862$691,875
29$1,117,464$371,649$27,937$717,878
30$1,162,163$388,188$29,054$744,921
Total$20,900,000$6,513,145$522,502$13,864,358

◄ Back to Jackpot Analysis

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.