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Arizona Powerball Jackpot Annuity Payout Schedule for Jul 23, 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 $93,600,000 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, Jul 23, 2011
Jackpot:$93,600,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,668,897$575,680$41,722$1,051,495
2$1,735,653$600,379$43,391$1,091,882
3$1,805,079$626,067$45,127$1,133,885
4$1,877,282$652,782$46,932$1,177,568
5$1,952,374$680,566$48,809$1,222,998
6$2,030,469$709,461$50,762$1,270,246
7$2,111,687$739,512$52,792$1,319,383
8$2,196,155$770,765$54,904$1,370,486
9$2,284,001$803,268$57,100$1,423,633
10$2,375,361$837,071$59,384$1,478,906
11$2,470,376$872,227$61,759$1,536,390
12$2,569,191$908,788$64,230$1,596,173
13$2,671,958$946,812$66,799$1,658,347
14$2,778,837$986,357$69,471$1,723,008
15$2,889,990$1,027,484$72,250$1,790,256
16$3,005,590$1,070,256$75,140$1,860,194
17$3,125,813$1,114,739$78,145$1,932,929
18$3,250,846$1,161,001$81,271$2,008,574
19$3,380,880$1,209,113$84,522$2,087,244
20$3,516,115$1,259,150$87,903$2,169,062
21$3,656,759$1,311,189$91,419$2,254,152
22$3,803,030$1,365,309$95,076$2,342,645
23$3,955,151$1,421,594$98,879$2,434,679
24$4,113,357$1,480,130$102,834$2,530,393
25$4,277,891$1,541,008$106,947$2,629,937
26$4,449,007$1,604,320$111,225$2,733,461
27$4,626,967$1,670,166$115,674$2,841,127
28$4,812,046$1,738,645$120,301$2,953,100
29$5,004,528$1,809,863$125,113$3,069,552
30$5,204,709$1,883,930$130,118$3,190,661
Total$93,600,000$33,377,632$2,339,999$57,882,366

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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.