USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jun 17, 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 $73,100,000 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, Jun 17, 2009
Jackpot:$73,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,303,380$438,208$32,585$832,588
2$1,355,515$457,498$33,888$864,130
3$1,409,736$477,560$35,243$896,933
4$1,466,126$498,424$36,653$931,049
5$1,524,771$520,122$38,119$966,529
6$1,585,761$542,689$39,644$1,003,428
7$1,649,192$566,158$41,230$1,041,804
8$1,715,159$590,566$42,879$1,081,714
9$1,783,766$615,951$44,594$1,123,221
10$1,855,117$642,350$46,378$1,166,388
11$1,929,321$669,806$48,233$1,211,282
12$2,006,494$698,360$50,162$1,257,972
13$2,086,754$728,056$52,169$1,306,529
14$2,170,224$758,940$54,256$1,357,028
15$2,257,033$791,059$56,426$1,409,548
16$2,347,314$824,464$58,683$1,464,168
17$2,441,207$859,204$61,030$1,520,973
18$2,538,855$895,334$63,471$1,580,050
19$2,640,409$932,909$66,010$1,641,490
20$2,746,026$971,987$68,651$1,705,388
21$2,855,867$1,012,628$71,397$1,771,842
22$2,970,101$1,054,895$74,253$1,840,954
23$3,088,905$1,098,852$77,223$1,912,830
24$3,212,462$1,144,568$80,312$1,987,582
25$3,340,960$1,192,112$83,524$2,065,324
26$3,474,598$1,241,559$86,865$2,146,175
27$3,613,582$1,292,983$90,340$2,230,260
28$3,758,126$1,346,464$93,953$2,317,709
29$3,908,451$1,402,084$97,711$2,408,655
30$4,064,789$1,459,929$101,620$2,503,240
Total$73,100,000$25,725,719$1,827,502$45,546,783

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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.