USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$464,596$34,368$875,737
2$1,429,689$484,942$35,742$909,004
3$1,486,876$506,101$37,172$943,603
4$1,546,351$528,107$38,659$979,585
5$1,608,205$550,993$40,205$1,017,007
6$1,672,534$574,795$41,813$1,055,926
7$1,739,435$599,548$43,486$1,096,401
8$1,809,012$625,292$45,225$1,138,495
9$1,881,373$652,065$47,034$1,182,273
10$1,956,628$679,909$48,916$1,227,802
11$2,034,893$708,868$50,872$1,275,153
12$2,116,288$738,984$52,907$1,324,397
13$2,200,940$770,305$55,024$1,375,611
14$2,288,978$802,879$57,224$1,428,874
15$2,380,537$836,756$59,513$1,484,267
16$2,475,758$871,988$61,894$1,541,876
17$2,574,789$908,629$64,370$1,601,790
18$2,677,780$946,736$66,945$1,664,100
19$2,784,891$986,367$69,622$1,728,902
20$2,896,287$1,027,583$72,407$1,796,296
21$3,012,138$1,070,448$75,303$1,866,386
22$3,132,624$1,115,028$78,316$1,939,280
23$3,257,929$1,161,391$81,448$2,015,090
24$3,388,246$1,209,608$84,706$2,093,932
25$3,523,776$1,259,754$88,094$2,175,927
26$3,664,727$1,311,906$91,618$2,261,203
27$3,811,316$1,366,144$95,283$2,349,889
28$3,963,769$1,422,552$99,094$2,442,123
29$4,122,319$1,481,215$103,058$2,538,046
30$4,287,212$1,542,226$107,180$2,637,806
Total$77,100,000$27,205,715$1,927,498$47,966,781

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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.