USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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The tax information provided here is based on 2025 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$267,745$20,995$551,057
2$873,390$280,174$21,835$571,380
3$908,325$293,101$22,708$592,516
4$944,658$306,544$23,616$614,498
5$982,444$320,525$24,561$637,359
6$1,021,742$335,065$25,544$661,134
7$1,062,612$350,187$26,565$685,860
8$1,105,116$365,913$27,628$711,575
9$1,149,321$382,269$28,733$738,319
10$1,195,294$399,279$29,882$766,133
11$1,243,106$416,969$31,078$795,059
12$1,292,830$435,367$32,321$825,142
13$1,344,543$454,501$33,614$856,428
14$1,398,325$474,400$34,958$888,966
15$1,454,258$495,096$36,356$922,806
16$1,512,428$516,619$37,811$957,999
17$1,572,925$539,003$39,323$994,600
18$1,635,842$562,282$40,896$1,032,664
19$1,701,276$586,492$42,532$1,072,252
20$1,769,327$611,671$44,233$1,113,423
21$1,840,100$637,857$46,003$1,156,240
22$1,913,704$665,091$47,843$1,200,771
23$1,990,252$693,414$49,756$1,247,082
24$2,069,862$722,869$51,747$1,295,246
25$2,152,657$753,503$53,816$1,345,337
26$2,238,763$785,363$55,969$1,397,431
27$2,328,314$818,496$58,208$1,451,610
28$2,421,446$852,955$60,536$1,507,955
29$2,518,304$888,793$62,958$1,566,554
30$2,619,036$926,064$65,476$1,627,497
Total$47,100,000$16,137,607$1,177,501$29,784,893

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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.