USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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The tax information provided here is based on 2022 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 $50,000,000 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 prize money, as well as deductions claimed.

State:

Arizona

Drawing Date:Sat, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$292,812$22,288$576,405
2$927,165$306,006$23,179$597,980
3$964,252$319,728$24,106$620,417
4$1,002,822$333,999$25,071$643,752
5$1,042,935$348,841$26,073$668,020
6$1,084,652$364,276$27,116$693,260
7$1,128,038$380,329$28,201$719,508
8$1,173,160$397,024$29,329$746,807
9$1,220,086$414,387$30,502$775,197
10$1,268,890$432,444$31,722$804,723
11$1,319,645$451,224$32,991$835,430
12$1,372,431$470,754$34,311$867,366
13$1,427,328$491,066$35,683$900,579
14$1,484,421$512,191$37,111$935,120
15$1,543,798$534,160$38,595$971,043
16$1,605,550$557,009$40,139$1,008,403
17$1,669,772$580,771$41,744$1,047,257
18$1,736,563$605,483$43,414$1,087,666
19$1,806,025$631,184$45,151$1,129,690
20$1,878,266$657,914$46,957$1,173,396
21$1,953,397$685,712$48,835$1,218,850
22$2,031,533$714,622$50,788$1,266,122
23$2,112,794$744,689$52,820$1,315,286
24$2,197,306$775,958$54,933$1,366,415
25$2,285,198$808,478$57,130$1,419,590
26$2,376,606$842,299$59,415$1,474,892
27$2,471,671$877,473$61,792$1,532,406
28$2,570,537$914,054$64,263$1,592,220
29$2,673,359$952,098$66,834$1,654,427
30$2,780,293$991,663$69,507$1,719,122
Total$50,000,000$17,388,648$1,250,000$31,361,349

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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.