USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Feb 11, 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 $78,900,000 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, Feb 11, 2009
Jackpot:$78,900,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,406,795$476,471$35,170$895,154
2$1,463,067$497,292$36,577$929,198
3$1,521,589$518,945$38,040$964,604
4$1,582,453$541,465$39,561$1,001,427
5$1,645,751$564,885$41,144$1,039,722
6$1,711,581$589,242$42,790$1,079,549
7$1,780,044$614,574$44,501$1,120,970
8$1,851,246$640,918$46,281$1,164,047
9$1,925,296$668,317$48,132$1,208,847
10$2,002,308$696,811$50,058$1,255,439
11$2,082,400$726,445$52,060$1,303,895
12$2,165,696$757,265$54,142$1,354,289
13$2,252,324$789,317$56,308$1,406,699
14$2,342,417$822,651$58,560$1,461,205
15$2,436,113$857,319$60,903$1,517,891
16$2,533,558$893,374$63,339$1,576,845
17$2,634,900$930,870$65,873$1,638,157
18$2,740,296$969,867$68,507$1,701,922
19$2,849,908$1,010,423$71,248$1,768,237
20$2,963,905$1,052,602$74,098$1,837,205
21$3,082,461$1,096,468$77,062$1,908,931
22$3,205,759$1,142,088$80,144$1,983,527
23$3,333,989$1,189,533$83,350$2,061,106
24$3,467,349$1,238,876$86,684$2,141,789
25$3,606,043$1,290,193$90,151$2,225,699
26$3,750,285$1,343,563$93,757$2,312,965
27$3,900,296$1,399,067$97,507$2,403,722
28$4,056,308$1,456,791$101,408$2,498,109
29$4,218,560$1,516,825$105,464$2,596,272
30$4,387,303$1,579,259$109,683$2,698,361
Total$78,900,000$27,871,716$1,972,502$49,055,783

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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.