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Arizona Powerball Jackpot Annuity Payout Schedule for May 11, 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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$29,063$746,306
2$1,209,023$404,359$30,226$774,439
3$1,257,384$422,252$31,435$803,697
4$1,307,680$440,862$32,692$834,126
5$1,359,987$460,215$34,000$865,772
6$1,414,386$480,343$35,360$898,683
7$1,470,962$501,276$36,774$932,912
8$1,529,800$523,046$38,245$968,509
9$1,590,992$545,687$39,775$1,005,530
10$1,654,632$569,234$41,366$1,044,032
11$1,720,817$593,723$43,020$1,084,074
12$1,789,650$619,191$44,741$1,125,718
13$1,861,236$645,678$46,531$1,169,027
14$1,935,685$673,224$48,392$1,214,069
15$2,013,113$701,872$50,328$1,260,913
16$2,093,637$731,666$52,341$1,309,630
17$2,177,383$762,652$54,435$1,360,296
18$2,264,478$794,877$56,612$1,412,989
19$2,355,057$828,391$58,876$1,467,789
20$2,449,259$863,246$61,231$1,524,782
21$2,547,230$899,495$63,681$1,584,054
22$2,649,119$937,194$66,228$1,645,697
23$2,755,084$976,401$68,877$1,709,805
24$2,865,287$1,017,177$71,632$1,776,478
25$2,979,899$1,059,583$74,497$1,845,818
26$3,099,095$1,103,685$77,477$1,917,932
27$3,223,058$1,149,552$80,576$1,992,930
28$3,351,981$1,197,253$83,800$2,070,928
29$3,486,060$1,246,862$87,151$2,152,046
30$3,625,502$1,298,456$90,638$2,236,409
Total$65,200,000$22,834,606$1,630,000$40,735,390

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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.