USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

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The tax information provided here is based on 2025 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 $77,300,000 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, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$34,457$876,831
2$1,433,397$487,377$35,835$910,185
3$1,490,733$508,592$37,268$944,873
4$1,550,363$530,654$38,759$980,949
5$1,612,377$553,600$40,309$1,018,468
6$1,676,872$577,463$41,922$1,057,487
7$1,743,947$602,281$43,599$1,098,068
8$1,813,705$628,091$45,343$1,140,271
9$1,886,253$654,934$47,156$1,184,163
10$1,961,703$682,850$49,043$1,229,810
11$2,040,171$711,884$51,004$1,277,283
12$2,121,778$742,078$53,044$1,326,656
13$2,206,649$773,481$55,166$1,378,003
14$2,294,915$806,139$57,373$1,431,404
15$2,386,712$840,104$59,668$1,486,940
16$2,482,180$875,427$62,055$1,544,699
17$2,581,468$912,163$64,537$1,604,768
18$2,684,726$950,369$67,118$1,667,239
19$2,792,115$990,103$69,803$1,732,210
20$2,903,800$1,031,426$72,595$1,799,779
21$3,019,952$1,074,402$75,499$1,870,051
22$3,140,750$1,119,098$78,519$1,943,134
23$3,266,380$1,165,581$81,660$2,019,140
24$3,397,035$1,213,923$84,926$2,098,186
25$3,532,917$1,264,199$88,323$2,180,394
26$3,674,233$1,316,487$91,856$2,265,891
27$3,821,203$1,370,865$95,530$2,354,807
28$3,974,051$1,427,419$99,351$2,447,280
29$4,133,013$1,486,235$103,325$2,543,453
30$4,298,333$1,547,404$107,458$2,643,471
Total$77,300,000$27,311,608$1,932,501$48,055,893

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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.