USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jul 9, 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 $36,100,000 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:Sat, Jul 9, 2011
Jackpot:$36,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$643,667$194,114$16,092$433,461
2$669,413$203,640$16,735$449,038
3$696,190$213,547$17,405$465,238
4$724,037$223,851$18,101$482,085
5$752,999$234,567$18,825$499,607
6$783,119$245,711$19,578$517,830
7$814,444$257,301$20,361$536,781
8$847,021$269,355$21,176$556,491
9$880,902$281,891$22,023$576,989
10$916,138$294,928$22,903$598,306
11$952,784$308,487$23,820$620,477
12$990,895$322,588$24,772$643,534
13$1,030,531$337,254$25,763$667,514
14$1,071,752$352,506$26,794$692,453
15$1,114,622$368,367$27,866$718,389
16$1,159,207$384,864$28,980$745,363
17$1,205,575$402,020$30,139$773,416
18$1,253,798$419,863$31,345$802,591
19$1,303,950$438,419$32,599$832,933
20$1,356,108$457,717$33,903$864,488
21$1,410,353$477,788$35,259$897,306
22$1,466,767$498,661$36,669$931,437
23$1,525,438$520,369$38,136$966,932
24$1,586,455$542,946$39,661$1,003,848
25$1,649,913$566,425$41,248$1,042,240
26$1,715,910$590,844$42,898$1,082,168
27$1,784,546$616,239$44,614$1,123,693
28$1,855,928$642,651$46,398$1,166,879
29$1,930,165$670,118$48,254$1,211,793
30$2,007,372$698,685$50,184$1,258,503
Total$36,100,000$12,035,716$902,501$23,161,783

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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.