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Arizona Powerball Jackpot Annuity Payout Schedule for Nov 4, 2009

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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 $67,700,000 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, Nov 4, 2009
Jackpot:$67,700,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,207,098$402,583$30,177$774,337
2$1,255,382$420,448$31,385$803,549
3$1,305,597$439,028$32,640$833,929
4$1,357,821$458,351$33,946$865,524
5$1,412,134$478,447$35,303$898,384
6$1,468,619$499,346$36,715$932,557
7$1,527,364$521,082$38,184$968,098
8$1,588,458$543,687$39,711$1,005,060
9$1,651,997$567,196$41,300$1,043,501
10$1,718,076$591,646$42,952$1,083,479
11$1,786,799$617,073$44,670$1,125,056
12$1,858,271$643,518$46,457$1,168,297
13$1,932,602$671,020$48,315$1,213,267
14$2,009,906$699,623$50,248$1,260,036
15$2,090,303$729,369$52,258$1,308,676
16$2,173,915$760,306$54,348$1,359,261
17$2,260,871$792,480$56,522$1,411,870
18$2,351,306$825,941$58,783$1,466,583
19$2,445,358$860,740$61,134$1,523,485
20$2,543,173$896,931$63,579$1,582,662
21$2,644,900$934,570$66,122$1,644,207
22$2,750,696$973,715$68,767$1,708,214
23$2,860,724$1,014,425$71,518$1,774,780
24$2,975,152$1,056,764$74,379$1,844,010
25$3,094,159$1,100,796$77,354$1,916,009
26$3,217,925$1,146,589$80,448$1,990,887
27$3,346,642$1,194,215$83,666$2,068,761
28$3,480,508$1,243,745$87,013$2,149,750
29$3,619,728$1,295,257$90,493$2,233,978
30$3,764,517$1,348,829$94,113$2,321,576
Total$67,700,000$23,727,720$1,692,500$42,279,783

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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.