USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Apr 30, 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 $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$126,388$11,144$308,221
2$463,583$132,629$11,590$319,364
3$482,126$139,119$12,053$330,954
4$501,411$145,869$12,535$343,007
5$521,467$152,888$13,037$355,542
6$542,326$160,189$13,558$368,579
7$564,019$167,781$14,100$382,137
8$586,580$175,678$14,664$396,238
9$610,043$183,904$15,251$410,888
10$634,445$192,932$15,861$425,651
11$659,823$202,322$16,496$441,005
12$686,215$212,087$17,155$456,973
13$713,664$222,243$17,842$473,579
14$742,211$232,806$18,555$490,850
15$771,899$243,790$19,297$508,811
16$802,775$255,215$20,069$527,491
17$834,886$267,096$20,872$546,918
18$868,281$279,452$21,707$567,123
19$903,013$292,302$22,575$588,135
20$939,133$305,667$23,478$609,988
21$976,699$319,566$24,417$632,715
22$1,015,767$334,021$25,394$656,351
23$1,056,397$349,055$26,410$680,933
24$1,098,653$364,689$27,466$706,497
25$1,142,599$380,949$28,565$733,085
26$1,188,303$397,860$29,708$760,736
27$1,235,835$415,447$30,896$789,493
28$1,285,269$433,737$32,132$819,400
29$1,336,679$452,759$33,417$850,503
30$1,390,147$472,542$34,754$882,851
Total$25,000,000$8,010,982$624,998$16,364,018

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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.