USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $20,300,000 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:Wed, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$9,049$256,672
2$376,429$101,297$9,411$265,721
3$391,486$106,567$9,787$275,132
4$407,146$112,048$10,179$284,919
5$423,431$117,748$10,586$295,097
6$440,369$123,676$11,009$305,683
7$457,983$129,841$11,450$316,692
8$476,303$136,253$11,908$328,142
9$495,355$142,921$12,384$340,050
10$515,169$149,856$12,879$352,433
11$535,776$157,069$13,394$365,313
12$557,207$164,570$13,930$378,707
13$579,495$172,371$14,487$392,637
14$602,675$180,484$15,067$407,125
15$626,782$188,930$15,670$422,183
16$651,853$198,206$16,296$437,351
17$677,927$207,853$16,948$453,126
18$705,045$217,887$17,626$469,532
19$733,246$228,321$18,331$486,594
20$762,576$239,173$19,064$504,338
21$793,079$250,460$19,827$522,793
22$824,802$262,197$20,620$541,985
23$857,795$274,404$21,445$561,945
24$892,106$287,100$22,303$582,704
25$927,791$300,303$23,195$604,293
26$964,902$314,034$24,123$626,746
27$1,003,498$328,315$25,087$650,096
28$1,043,638$343,166$26,091$674,381
29$1,085,384$358,612$27,135$699,637
30$1,128,799$374,676$28,220$725,903
Total$20,300,000$6,264,568$507,501$13,527,930

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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.