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Arizona Powerball Jackpot Annuity Payout Schedule for Mar 31, 2010

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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 $82,800,000 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, Mar 31, 2010
Jackpot:$82,800,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,476,332$502,200$36,908$937,224
2$1,535,385$524,050$38,385$972,951
3$1,596,801$546,774$39,920$1,010,107
4$1,660,673$570,406$41,517$1,048,750
5$1,727,100$594,984$43,177$1,088,938
6$1,796,184$620,545$44,905$1,130,734
7$1,868,031$647,129$46,701$1,174,202
8$1,942,752$674,776$48,569$1,219,408
9$2,020,463$703,528$50,512$1,266,423
10$2,101,281$733,431$52,532$1,315,318
11$2,185,332$764,530$54,633$1,366,169
12$2,272,746$796,873$56,819$1,419,054
13$2,363,655$830,510$59,091$1,474,054
14$2,458,202$865,492$61,455$1,531,255
15$2,556,530$901,873$63,913$1,590,743
16$2,658,791$939,710$66,470$1,652,611
17$2,765,143$979,060$69,129$1,716,954
18$2,875,748$1,019,984$71,894$1,783,870
19$2,990,778$1,062,545$74,769$1,853,464
20$3,110,409$1,106,809$77,760$1,925,840
21$3,234,826$1,152,843$80,871$2,001,112
22$3,364,219$1,200,718$84,105$2,079,395
23$3,498,787$1,250,509$87,470$2,160,809
24$3,638,739$1,302,291$90,968$2,245,480
25$3,784,288$1,356,144$94,607$2,333,537
26$3,935,660$1,412,151$98,392$2,425,117
27$4,093,086$1,470,399$102,327$2,520,360
28$4,256,810$1,530,977$106,420$2,619,413
29$4,427,082$1,593,978$110,677$2,722,428
30$4,604,166$1,659,499$115,104$2,829,563
Total$82,800,000$29,314,718$2,070,000$51,415,283

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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.