USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 8, 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 $258,200,000 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 8, 2020
Jackpot:$258,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,886,281$1,393,881$97,157$2,395,242
2$4,080,595$1,465,777$102,015$2,512,802
3$4,284,624$1,541,268$107,116$2,636,240
4$4,498,856$1,620,534$112,471$2,765,850
5$4,723,798$1,703,763$118,095$2,901,941
6$4,959,988$1,791,153$124,000$3,044,836
7$5,207,988$1,882,913$130,200$3,194,875
8$5,468,387$1,979,260$136,710$3,352,417
9$5,741,806$2,080,426$143,545$3,517,836
10$6,028,897$2,186,649$150,722$3,691,525
11$6,330,342$2,298,184$158,259$3,873,899
12$6,646,859$2,415,295$166,171$4,065,392
13$6,979,202$2,538,262$174,480$4,266,460
14$7,328,162$2,667,377$183,204$4,477,581
15$7,694,570$2,802,948$192,364$4,699,257
16$8,079,298$2,945,298$201,982$4,932,018
17$8,483,263$3,094,765$212,082$5,176,417
18$8,907,426$3,251,705$222,686$5,433,036
19$9,352,797$3,416,492$233,820$5,702,485
20$9,820,437$3,589,519$245,511$5,985,407
21$10,311,459$3,771,197$257,786$6,282,476
22$10,827,032$3,961,959$270,676$6,594,397
23$11,368,384$4,162,259$284,210$6,921,915
24$11,936,803$4,372,574$298,420$7,265,808
25$12,533,643$4,593,405$313,341$7,626,897
26$13,160,325$4,825,278$329,008$8,006,040
27$13,818,342$5,068,744$345,459$8,404,139
28$14,509,259$5,324,383$362,731$8,822,144
29$15,234,722$5,592,804$380,868$9,261,049
30$15,996,458$5,874,647$399,911$9,721,900
Total$258,200,001$94,212,719$6,455,000$157,532,281

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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.