USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$697,067$49,924$1,249,980
2$2,076,850$726,622$51,921$1,298,306
3$2,159,924$757,360$53,998$1,348,566
4$2,246,321$789,326$56,158$1,400,836
5$2,336,174$822,572$58,404$1,455,197
6$2,429,621$857,147$60,741$1,511,733
7$2,526,806$893,106$63,170$1,570,530
8$2,627,878$930,503$65,697$1,631,678
9$2,732,993$969,395$68,325$1,695,273
10$2,842,313$1,009,843$71,058$1,761,411
11$2,956,005$1,051,910$73,900$1,830,195
12$3,074,245$1,095,658$76,856$1,901,731
13$3,197,215$1,141,157$79,930$1,976,127
14$3,325,104$1,188,476$83,128$2,053,500
15$3,458,108$1,237,688$86,453$2,133,967
16$3,596,432$1,288,868$89,911$2,217,654
17$3,740,289$1,342,095$93,507$2,304,687
18$3,889,901$1,397,451$97,248$2,395,202
19$4,045,497$1,455,022$101,137$2,489,338
20$4,207,317$1,514,895$105,183$2,587,239
21$4,375,610$1,577,163$109,390$2,689,056
22$4,550,634$1,641,922$113,766$2,794,946
23$4,732,659$1,709,272$118,316$2,905,071
24$4,921,966$1,779,315$123,049$3,019,602
25$5,118,844$1,852,160$127,971$3,138,713
26$5,323,598$1,927,919$133,090$3,262,589
27$5,536,542$2,006,708$138,414$3,391,420
28$5,758,004$2,088,649$143,950$3,525,405
29$5,988,324$2,173,868$149,708$3,664,748
30$6,227,857$2,262,495$155,696$3,809,666
Total$112,000,000$40,185,632$2,799,999$69,014,366

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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.