USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Apr 30, 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 $25,000,000 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:Sat, Apr 30, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$11,144$309,048
2$463,583$131,801$11,590$320,192
3$482,126$138,291$12,053$331,781
4$501,411$145,041$12,535$343,835
5$521,467$152,061$13,037$356,370
6$542,326$159,361$13,558$369,407
7$564,019$166,954$14,100$382,965
8$586,580$174,850$14,664$397,065
9$610,043$183,062$15,251$411,730
10$634,445$191,765$15,861$426,819
11$659,823$201,155$16,496$442,172
12$686,215$210,920$17,155$458,140
13$713,664$221,076$17,842$474,747
14$742,211$231,638$18,555$492,017
15$771,899$242,623$19,297$509,979
16$802,775$254,047$20,069$528,659
17$834,886$265,928$20,872$548,086
18$868,281$278,284$21,707$568,290
19$903,013$291,135$22,575$589,302
20$939,133$304,500$23,478$611,155
21$976,699$318,399$24,417$633,882
22$1,015,767$332,854$25,394$657,518
23$1,056,397$347,887$26,410$682,100
24$1,098,653$363,522$27,466$707,665
25$1,142,599$379,782$28,565$734,252
26$1,188,303$396,692$29,708$761,903
27$1,235,835$414,279$30,896$790,660
28$1,285,269$432,570$32,132$820,567
29$1,336,679$451,592$33,417$851,671
30$1,390,147$471,374$34,754$884,018
Total$25,000,000$7,979,004$624,998$16,395,995

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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.