USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jun 18, 2011

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The tax information provided here is based on 2026 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 $36,700,000 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, Jun 18, 2011
Jackpot:$36,700,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$654,365$198,072$16,359$439,933
2$680,539$207,757$17,013$455,769
3$707,761$217,829$17,694$472,238
4$736,071$228,304$18,402$489,366
5$765,514$239,197$19,138$507,179
6$796,135$250,527$19,903$525,704
7$827,980$262,310$20,700$544,971
8$861,099$274,564$21,527$565,008
9$895,543$287,308$22,389$585,846
10$931,365$300,562$23,284$607,519
11$968,620$314,346$24,215$630,058
12$1,007,364$328,682$25,184$653,498
13$1,047,659$343,591$26,191$677,876
14$1,089,565$359,096$27,239$703,230
15$1,133,148$375,222$28,329$729,597
16$1,178,474$391,993$29,462$757,019
17$1,225,613$409,434$30,640$785,538
18$1,274,637$427,573$31,866$815,198
19$1,325,623$446,438$33,141$846,044
20$1,378,648$466,057$34,466$878,125
21$1,433,794$486,461$35,845$911,488
22$1,491,145$507,681$37,279$946,186
23$1,550,791$529,750$38,770$982,271
24$1,612,823$552,702$40,321$1,019,800
25$1,677,336$576,571$41,933$1,058,831
26$1,744,429$601,396$43,611$1,099,422
27$1,814,206$627,214$45,355$1,141,637
28$1,886,774$654,064$47,169$1,185,541
29$1,962,245$681,988$49,056$1,231,201
30$2,040,735$711,029$51,018$1,278,688
Total$36,700,000$12,257,718$917,499$23,524,781

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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.