USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 2, 2019

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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 $54,600,000 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:Wed, Jan 2, 2019
Jackpot:$54,600,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$821,808$260,026$20,545$541,237
2$862,899$275,230$21,572$566,097
3$906,044$291,193$22,651$592,199
4$951,346$307,955$23,784$619,607
5$998,913$325,555$24,973$648,385
6$1,048,859$344,035$26,221$678,602
7$1,101,302$363,439$27,533$710,330
8$1,156,367$383,813$28,909$743,645
9$1,214,185$405,206$30,355$778,625
10$1,274,894$427,668$31,872$815,354
11$1,338,639$451,254$33,466$853,919
12$1,405,571$476,019$35,139$894,413
13$1,475,850$502,022$36,896$936,932
14$1,549,642$529,325$38,741$981,576
15$1,627,124$557,993$40,678$1,028,453
16$1,708,481$588,095$42,712$1,077,673
17$1,793,905$619,702$44,848$1,129,355
18$1,883,600$652,889$47,090$1,183,621
19$1,977,780$687,736$49,444$1,240,600
20$2,076,669$724,325$51,917$1,300,427
21$2,180,502$762,743$54,513$1,363,247
22$2,289,527$803,082$57,238$1,429,207
23$2,404,004$845,439$60,100$1,498,465
24$2,524,204$889,913$63,105$1,571,186
25$2,650,414$936,610$66,260$1,647,543
26$2,782,935$985,643$69,573$1,727,718
27$2,922,082$1,037,127$73,052$1,811,902
28$3,068,186$1,091,186$76,705$1,900,295
29$3,221,595$1,147,947$80,540$1,993,108
30$3,382,675$1,207,547$84,567$2,090,561
Total$54,600,000$18,880,717$1,364,999$34,354,282

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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.