USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $42,200,000 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:Sat, Dec 3, 2011
Jackpot:$42,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,430$235,419$18,811$498,200
2$782,527$246,555$19,563$516,409
3$813,828$258,137$20,346$535,346
4$846,382$270,181$21,160$555,041
5$880,237$282,708$22,006$575,523
6$915,446$295,735$22,886$596,825
7$952,064$309,284$23,802$618,979
8$990,147$323,375$24,754$642,019
9$1,029,753$338,029$25,744$665,980
10$1,070,943$353,269$26,774$690,900
11$1,113,780$369,119$27,845$716,817
12$1,158,332$385,603$28,958$743,770
13$1,204,665$402,746$30,117$771,802
14$1,252,852$420,575$31,321$800,955
15$1,302,966$439,118$32,574$831,274
16$1,355,084$458,401$33,877$862,806
17$1,409,288$478,457$35,232$895,599
18$1,465,659$499,314$36,641$929,704
19$1,524,285$521,006$38,107$965,172
20$1,585,257$543,565$39,631$1,002,060
21$1,648,667$567,027$41,217$1,040,423
22$1,714,614$591,427$42,865$1,080,321
23$1,783,198$616,804$44,580$1,121,815
24$1,854,526$643,195$46,363$1,164,968
25$1,928,707$670,642$48,218$1,209,848
26$2,005,856$699,187$50,146$1,256,522
27$2,086,090$728,874$52,152$1,305,064
28$2,169,534$759,748$54,238$1,355,548
29$2,256,315$791,857$56,408$1,408,050
30$2,346,567$825,250$58,664$1,462,653
Total$42,200,000$14,324,607$1,055,000$26,820,393

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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.