USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $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$695,900$49,924$1,251,147
2$2,076,850$725,455$51,921$1,299,474
3$2,159,924$756,192$53,998$1,349,734
4$2,246,321$788,159$56,158$1,402,004
5$2,336,174$821,405$58,404$1,456,365
6$2,429,621$855,980$60,741$1,512,900
7$2,526,806$891,938$63,170$1,571,697
8$2,627,878$929,335$65,697$1,632,846
9$2,732,993$968,228$68,325$1,696,440
10$2,842,313$1,008,676$71,058$1,762,579
11$2,956,005$1,050,742$73,900$1,831,363
12$3,074,245$1,094,491$76,856$1,902,898
13$3,197,215$1,139,990$79,930$1,977,295
14$3,325,104$1,187,309$83,128$2,054,667
15$3,458,108$1,236,520$86,453$2,135,135
16$3,596,432$1,287,700$89,911$2,218,821
17$3,740,289$1,340,927$93,507$2,305,855
18$3,889,901$1,396,284$97,248$2,396,370
19$4,045,497$1,453,854$101,137$2,490,505
20$4,207,317$1,513,728$105,183$2,588,406
21$4,375,610$1,575,996$109,390$2,690,224
22$4,550,634$1,640,755$113,766$2,796,113
23$4,732,659$1,708,104$118,316$2,906,239
24$4,921,966$1,778,148$123,049$3,020,769
25$5,118,844$1,850,993$127,971$3,139,881
26$5,323,598$1,926,752$133,090$3,263,757
27$5,536,542$2,005,541$138,414$3,392,588
28$5,758,004$2,087,482$143,950$3,526,572
29$5,988,324$2,172,700$149,708$3,665,916
30$6,227,857$2,261,327$155,696$3,810,833
Total$112,000,000$40,150,611$2,799,999$69,049,393

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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.