USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $53,200,000 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:Wed, Dec 7, 2011
Jackpot:$53,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$309,155$23,714$615,692
2$986,504$323,194$24,663$638,647
3$1,025,964$337,794$25,649$662,520
4$1,067,002$352,979$26,675$687,349
5$1,109,683$368,770$27,742$713,170
6$1,154,070$385,194$28,852$740,024
7$1,200,233$402,274$30,006$767,953
8$1,248,242$420,037$31,206$796,999
9$1,298,172$438,511$32,454$827,206
10$1,350,098$457,724$33,752$858,622
11$1,404,102$477,706$35,103$891,294
12$1,460,267$498,486$36,507$925,273
13$1,518,677$520,098$37,967$960,612
14$1,579,424$542,575$39,486$997,364
15$1,642,601$565,950$41,065$1,035,586
16$1,708,305$590,261$42,708$1,075,337
17$1,776,637$615,544$44,416$1,116,678
18$1,847,703$641,838$46,193$1,159,673
19$1,921,611$669,184$48,040$1,204,387
20$1,998,476$697,624$49,962$1,250,890
21$2,078,415$727,201$51,960$1,299,253
22$2,161,551$757,962$54,039$1,349,551
23$2,248,013$789,953$56,200$1,401,860
24$2,337,934$823,223$58,448$1,456,262
25$2,431,451$857,825$60,786$1,512,840
26$2,528,709$893,810$63,218$1,571,681
27$2,629,857$931,235$65,746$1,632,876
28$2,735,052$970,157$68,376$1,696,519
29$2,844,454$1,010,636$71,111$1,762,707
30$2,958,232$1,052,734$73,956$1,831,543
Total$53,200,000$18,429,634$1,330,000$33,440,368

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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.