USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 30, 2011

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

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,903$155,985$13,373$365,545
2$556,299$163,474$13,907$378,918
3$578,551$171,262$14,464$392,825
4$601,693$179,362$15,042$407,289
5$625,761$187,786$15,644$422,331
6$650,791$196,750$16,270$437,771
7$676,823$206,382$16,921$453,521
8$703,896$216,399$17,597$469,900
9$732,052$226,816$18,301$486,934
10$761,334$237,651$19,033$504,650
11$791,787$248,918$19,795$523,074
12$823,459$260,637$20,586$542,235
13$856,397$272,824$21,410$562,163
14$890,653$285,499$22,266$582,888
15$926,279$298,680$23,157$604,441
16$963,330$312,389$24,083$626,857
17$1,001,863$326,647$25,047$650,170
18$1,041,938$341,474$26,048$674,415
19$1,083,615$356,895$27,090$699,630
20$1,126,960$372,932$28,174$725,853
21$1,172,038$389,611$29,301$753,126
22$1,218,920$406,958$30,473$781,489
23$1,267,677$424,998$31,692$810,987
24$1,318,384$443,759$32,960$841,665
25$1,371,119$463,271$34,278$873,570
26$1,425,964$483,564$35,649$906,751
27$1,483,002$504,668$37,075$941,259
28$1,542,322$526,617$38,558$977,148
29$1,604,015$549,443$40,100$1,014,472
30$1,668,176$573,182$41,704$1,053,289
Total$30,000,000$9,784,833$749,998$19,465,166

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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.