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Arizona Powerball Jackpot Annuity Payout Schedule for Apr 16, 2008

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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 $92,000,000 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:Wed, Apr 16, 2008
Jackpot:$92,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,640,369$565,124$41,009$1,034,236
2$1,705,984$589,402$42,650$1,073,933
3$1,774,223$614,650$44,356$1,115,217
4$1,845,192$640,909$46,130$1,158,154
5$1,919,000$668,218$47,975$1,202,807
6$1,995,760$696,619$49,894$1,249,247
7$2,075,590$726,156$51,890$1,297,544
8$2,158,614$756,875$53,965$1,347,774
9$2,244,958$788,822$56,124$1,400,012
10$2,334,757$822,048$58,369$1,454,340
11$2,428,147$856,602$60,704$1,510,841
12$2,525,273$892,539$63,132$1,569,602
13$2,626,284$929,913$65,657$1,630,714
14$2,731,335$968,782$68,283$1,694,270
15$2,840,589$1,009,206$71,015$1,760,368
16$2,954,212$1,051,246$73,855$1,829,111
17$3,072,381$1,094,969$76,810$1,900,603
18$3,195,276$1,140,440$79,882$1,974,954
19$3,323,087$1,187,730$83,077$2,052,280
20$3,456,010$1,236,912$86,400$2,132,698
21$3,594,251$1,288,061$89,856$2,216,334
22$3,738,021$1,341,255$93,451$2,303,315
23$3,887,542$1,396,578$97,189$2,393,775
24$4,043,043$1,454,114$101,076$2,487,853
25$4,204,765$1,513,951$105,119$2,585,695
26$4,372,956$1,576,181$109,324$2,687,450
27$4,547,874$1,640,901$113,697$2,793,276
28$4,729,789$1,708,210$118,245$2,903,334
29$4,918,980$1,778,210$122,975$3,017,795
30$5,115,740$1,851,011$127,893$3,136,835
Total$92,000,000$32,785,634$2,300,002$56,914,367

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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.