USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Aug 24, 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 $47,900,000 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, Aug 24, 2011
Jackpot:$47,900,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$854,062$274,191$21,352$558,520
2$888,224$286,831$22,206$579,188
3$923,753$299,976$23,094$600,683
4$960,703$313,648$24,018$623,038
5$999,131$327,866$24,978$646,287
6$1,039,097$342,654$25,977$670,466
7$1,080,661$358,032$27,017$695,612
8$1,123,887$374,026$28,097$721,764
9$1,168,842$390,659$29,221$748,962
10$1,215,596$407,958$30,390$777,248
11$1,264,220$425,949$31,606$806,665
12$1,314,789$444,660$32,870$837,259
13$1,367,380$464,118$34,185$869,077
14$1,422,076$484,356$35,552$902,168
15$1,478,959$505,402$36,974$936,582
16$1,538,117$527,291$38,453$972,373
17$1,599,642$550,055$39,991$1,009,595
18$1,663,627$573,730$41,591$1,048,307
19$1,730,172$598,352$43,254$1,088,567
20$1,799,379$623,958$44,984$1,130,437
21$1,871,354$650,589$46,784$1,173,982
22$1,946,209$678,285$48,655$1,219,268
23$2,024,057$707,089$50,601$1,266,367
24$2,105,019$737,045$52,625$1,315,349
25$2,189,220$768,199$54,731$1,366,290
26$2,276,789$800,600$56,920$1,419,269
27$2,367,860$834,296$59,197$1,474,368
28$2,462,575$869,340$61,564$1,531,670
29$2,561,078$905,787$64,027$1,591,264
30$2,663,521$943,690$66,588$1,653,242
Total$47,900,000$16,468,632$1,197,502$30,233,867

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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.