USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $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$307,988$23,714$616,859
2$986,504$322,027$24,663$639,815
3$1,025,964$336,627$25,649$663,688
4$1,067,002$351,811$26,675$688,516
5$1,109,683$367,603$27,742$714,338
6$1,154,070$384,026$28,852$741,192
7$1,200,233$401,106$30,006$769,120
8$1,248,242$418,870$31,206$798,166
9$1,298,172$437,344$32,454$828,374
10$1,350,098$456,557$33,752$859,789
11$1,404,102$476,538$35,103$892,462
12$1,460,267$497,319$36,507$926,441
13$1,518,677$518,931$37,967$961,779
14$1,579,424$541,407$39,486$998,531
15$1,642,601$564,783$41,065$1,036,753
16$1,708,305$589,093$42,708$1,076,504
17$1,776,637$614,376$44,416$1,117,845
18$1,847,703$640,670$46,193$1,160,840
19$1,921,611$668,016$48,040$1,205,554
20$1,998,476$696,456$49,962$1,252,057
21$2,078,415$726,034$51,960$1,300,421
22$2,161,551$756,794$54,039$1,350,718
23$2,248,013$788,785$56,200$1,403,028
24$2,337,934$822,056$58,448$1,457,430
25$2,431,451$856,657$60,786$1,514,008
26$2,528,709$892,643$63,218$1,572,849
27$2,629,857$930,068$65,746$1,634,044
28$2,735,052$968,989$68,376$1,697,686
29$2,844,454$1,009,468$71,111$1,763,874
30$2,958,232$1,051,566$73,956$1,832,710
Total$53,200,000$18,394,608$1,330,000$33,475,391

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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.