USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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The tax information provided here is based on 2025 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 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$286,877$22,288$582,340
2$927,165$300,071$23,179$603,915
3$964,252$313,793$24,106$626,352
4$1,002,822$328,064$25,071$649,687
5$1,042,935$342,906$26,073$673,955
6$1,084,652$358,342$27,116$699,194
7$1,128,038$374,394$28,201$725,443
8$1,173,160$391,089$29,329$752,741
9$1,220,086$408,452$30,502$781,132
10$1,268,890$426,509$31,722$810,658
11$1,319,645$445,289$32,991$841,365
12$1,372,431$464,820$34,311$873,300
13$1,427,328$485,132$35,683$906,513
14$1,484,421$506,256$37,111$941,055
15$1,543,798$528,226$38,595$976,978
16$1,605,550$551,074$40,139$1,014,338
17$1,669,772$574,836$41,744$1,053,192
18$1,736,563$599,549$43,414$1,093,600
19$1,806,025$625,250$45,151$1,135,625
20$1,878,266$651,979$46,957$1,179,331
21$1,953,397$679,777$48,835$1,224,785
22$2,031,533$708,687$50,788$1,272,057
23$2,112,794$738,754$52,820$1,321,220
24$2,197,306$770,024$54,933$1,372,350
25$2,285,198$802,544$57,130$1,425,525
26$2,376,606$836,365$59,415$1,480,827
27$2,471,671$871,538$61,792$1,538,340
28$2,570,537$908,119$64,263$1,598,155
29$2,673,359$946,163$66,834$1,660,362
30$2,780,293$985,729$69,507$1,725,057
Total$50,000,000$17,210,608$1,250,000$31,539,392

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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.