USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$20,995$549,890
2$873,390$281,342$21,835$570,213
3$908,325$294,268$22,708$591,349
4$944,658$307,711$23,616$613,330
5$982,444$321,692$24,561$636,191
6$1,021,742$336,232$25,544$659,966
7$1,062,612$351,354$26,565$684,692
8$1,105,116$367,081$27,628$710,408
9$1,149,321$383,437$28,733$737,152
10$1,195,294$400,447$29,882$764,965
11$1,243,106$418,137$31,078$793,891
12$1,292,830$436,535$32,321$823,974
13$1,344,543$455,669$33,614$855,261
14$1,398,325$475,568$34,958$887,799
15$1,454,258$496,263$36,356$921,638
16$1,512,428$517,786$37,811$956,831
17$1,572,925$540,170$39,323$993,432
18$1,635,842$563,449$40,896$1,031,497
19$1,701,276$587,660$42,532$1,071,084
20$1,769,327$612,839$44,233$1,112,255
21$1,840,100$639,025$46,003$1,155,073
22$1,913,704$666,258$47,843$1,199,603
23$1,990,252$694,581$49,756$1,245,915
24$2,069,862$724,037$51,747$1,294,079
25$2,152,657$754,671$53,816$1,344,170
26$2,238,763$786,530$55,969$1,396,264
27$2,328,314$819,664$58,208$1,450,442
28$2,421,446$854,123$60,536$1,506,787
29$2,518,304$889,960$62,958$1,565,386
30$2,619,036$927,231$65,476$1,626,329
Total$47,100,000$16,172,633$1,177,501$29,749,866

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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.