USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 25, 2020

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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 $366,600,000 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:Sat, Jan 25, 2020
Jackpot:$366,600,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,517,856$1,997,564$137,946$3,382,346
2$5,793,749$2,099,644$144,844$3,549,261
3$6,083,436$2,206,829$152,086$3,724,522
4$6,387,608$2,319,372$159,690$3,908,546
5$6,706,988$2,437,543$167,675$4,101,771
6$7,042,338$2,561,622$176,058$4,304,657
7$7,394,455$2,691,906$184,861$4,517,688
8$7,764,178$2,828,703$194,104$4,741,370
9$8,152,387$2,972,340$203,810$4,976,237
10$8,560,006$3,123,159$214,000$5,222,846
11$8,988,006$3,281,520$224,700$5,481,787
12$9,437,407$3,447,798$235,935$5,753,674
13$9,909,277$3,622,390$247,732$6,039,155
14$10,404,741$3,805,711$260,119$6,338,911
15$10,924,978$3,998,199$273,124$6,653,654
16$11,471,227$4,200,311$286,781$6,984,135
17$12,044,788$4,412,529$301,120$7,331,139
18$12,647,027$4,635,357$316,176$7,695,494
19$13,279,379$4,869,327$331,984$8,078,067
20$13,943,348$5,114,996$348,584$8,479,768
21$14,640,515$5,372,948$366,013$8,901,554
22$15,372,541$5,643,797$384,314$9,344,430
23$16,141,168$5,928,189$403,529$9,809,449
24$16,948,226$6,226,801$423,706$10,297,719
25$17,795,637$6,540,343$444,891$10,810,403
26$18,685,419$6,869,562$467,135$11,348,722
27$19,619,690$7,215,243$490,492$11,913,955
28$20,600,675$7,578,207$515,017$12,507,451
29$21,630,708$7,959,319$540,768$13,130,621
30$22,712,244$8,359,488$567,806$13,784,950
Total$366,600,001$134,320,717$9,165,000$223,114,282

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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.