USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 16, 2021

For a non-Arizona resident

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The tax information provided here is based on 2021 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 $639,400,000 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, Jan 16, 2021
Jackpot:$639,400,000
Federal Tax:37% marginal rate
State Tax: 6% (For a non-Arizona resident)
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,623,888$3,524,911$577,433$5,521,544
2$10,105,082$3,702,953$606,305$5,795,825
3$10,610,336$3,889,897$636,620$6,083,819
4$11,140,853$4,086,188$668,451$6,386,214
5$11,697,895$4,292,293$701,874$6,703,728
6$12,282,790$4,508,705$736,967$7,037,118
7$12,896,930$4,735,936$773,816$7,387,178
8$13,541,777$4,974,530$812,507$7,754,740
9$14,218,865$5,225,052$853,132$8,140,681
10$14,929,808$5,488,101$895,789$8,545,919
11$15,676,299$5,764,303$940,578$8,971,418
12$16,460,114$6,054,314$987,607$9,418,193
13$17,283,119$6,358,826$1,036,987$9,887,306
14$18,147,276$6,678,564$1,088,837$10,379,875
15$19,054,639$7,014,289$1,143,278$10,897,072
16$20,007,371$7,366,800$1,200,442$11,440,129
17$21,007,740$7,736,936$1,260,464$12,010,339
18$22,058,127$8,125,579$1,323,488$12,609,060
19$23,161,033$8,533,654$1,389,662$13,237,716
20$24,319,085$8,962,134$1,459,145$13,897,806
21$25,535,039$9,412,037$1,532,102$14,590,900
22$26,811,791$9,884,435$1,608,707$15,318,648
23$28,152,380$10,380,453$1,689,143$16,082,785
24$29,559,999$10,901,272$1,773,600$16,885,127
25$31,037,999$11,448,132$1,862,280$17,727,587
26$32,589,900$12,022,335$1,955,394$18,612,171
27$34,219,394$12,625,248$2,053,164$19,540,983
28$35,930,364$13,258,307$2,155,822$20,516,235
29$37,726,882$13,923,019$2,263,613$21,540,251
30$39,613,226$14,620,966$2,376,794$22,615,467
Total$639,400,001$235,500,169$38,364,001$365,535,834

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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.