USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Dec 27, 2006

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The tax information provided here is based on 2026 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 $75,400,000 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, Dec 27, 2006
Jackpot:$75,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,344,389$453,381$33,610$857,398
2$1,398,165$473,278$34,954$889,933
3$1,454,092$493,971$36,352$923,768
4$1,512,255$515,492$37,806$958,957
5$1,572,746$537,873$39,319$995,554
6$1,635,655$561,150$40,891$1,033,614
7$1,701,082$585,357$42,527$1,073,197
8$1,769,125$610,533$44,228$1,114,363
9$1,839,890$636,716$45,997$1,157,176
10$1,913,485$663,947$47,837$1,201,701
11$1,990,025$692,266$49,751$1,248,008
12$2,069,626$721,719$51,741$1,296,166
13$2,152,411$752,349$53,810$1,346,251
14$2,238,507$784,205$55,963$1,398,340
15$2,328,048$817,335$58,201$1,452,512
16$2,421,169$851,790$60,529$1,508,850
17$2,518,016$887,623$62,950$1,567,443
18$2,618,737$924,890$65,468$1,628,379
19$2,723,486$963,647$68,087$1,691,752
20$2,832,426$1,003,955$70,811$1,757,660
21$2,945,723$1,045,875$73,643$1,826,205
22$3,063,552$1,089,471$76,589$1,897,492
23$3,186,094$1,134,812$79,652$1,971,630
24$3,313,538$1,181,966$82,838$2,048,733
25$3,446,079$1,231,007$86,152$2,128,921
26$3,583,922$1,282,009$89,598$2,212,316
27$3,727,279$1,335,051$93,182$2,299,047
28$3,876,370$1,390,214$96,909$2,389,247
29$4,031,425$1,447,585$100,786$2,483,055
30$4,192,682$1,507,250$104,817$2,580,615
Total$75,400,000$26,576,717$1,884,998$46,938,283

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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.