USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for May 11, 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 $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$388,321$29,063$745,138
2$1,209,023$405,526$30,226$773,271
3$1,257,384$423,420$31,435$802,530
4$1,307,680$442,029$32,692$832,958
5$1,359,987$461,383$34,000$864,604
6$1,414,386$481,511$35,360$897,516
7$1,470,962$502,444$36,774$931,744
8$1,529,800$524,214$38,245$967,341
9$1,590,992$546,855$39,775$1,004,363
10$1,654,632$570,402$41,366$1,042,865
11$1,720,817$594,890$43,020$1,082,907
12$1,789,650$620,358$44,741$1,124,550
13$1,861,236$646,845$46,531$1,167,860
14$1,935,685$674,391$48,392$1,212,902
15$2,013,113$703,039$50,328$1,259,745
16$2,093,637$732,834$52,341$1,308,463
17$2,177,383$763,819$54,435$1,359,129
18$2,264,478$796,045$56,612$1,411,821
19$2,355,057$829,559$58,876$1,466,622
20$2,449,259$864,414$61,231$1,523,614
21$2,547,230$900,663$63,681$1,582,886
22$2,649,119$938,362$66,228$1,644,529
23$2,755,084$977,569$68,877$1,708,638
24$2,865,287$1,018,344$71,632$1,775,311
25$2,979,899$1,060,750$74,497$1,844,651
26$3,099,095$1,104,853$77,477$1,916,764
27$3,223,058$1,150,719$80,576$1,991,763
28$3,351,981$1,198,421$83,800$2,069,761
29$3,486,060$1,248,030$87,151$2,150,879
30$3,625,502$1,299,624$90,638$2,235,241
Total$65,200,000$22,869,634$1,630,000$40,700,366

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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.