USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 3, 2021

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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 $132,500,000 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, Nov 3, 2021
Jackpot:$132,500,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,994,315$693,854$49,858$1,250,603
2$2,094,031$730,749$52,351$1,310,931
3$2,198,732$769,488$54,968$1,374,276
4$2,308,669$810,165$57,717$1,440,788
5$2,424,102$852,875$60,603$1,510,625
6$2,545,308$897,721$63,633$1,583,954
7$2,672,573$944,809$66,814$1,660,949
8$2,806,202$994,252$70,155$1,741,795
9$2,946,512$1,046,167$73,663$1,826,682
10$3,093,837$1,100,677$77,346$1,915,814
11$3,248,529$1,157,913$81,213$2,009,403
12$3,410,956$1,218,011$85,274$2,107,671
13$3,581,503$1,281,114$89,538$2,210,852
14$3,760,579$1,347,371$94,014$2,319,193
15$3,948,608$1,416,942$98,715$2,432,950
16$4,146,038$1,489,991$103,651$2,552,396
17$4,353,340$1,566,693$108,833$2,677,813
18$4,571,007$1,647,230$114,275$2,809,502
19$4,799,557$1,731,793$119,989$2,947,775
20$5,039,535$1,820,585$125,988$3,092,961
21$5,291,512$1,913,817$132,288$3,245,407
22$5,556,087$2,011,710$138,902$3,405,476
23$5,833,892$2,114,497$145,847$3,573,547
24$6,125,586$2,222,424$153,140$3,750,022
25$6,431,866$2,335,748$160,797$3,935,321
26$6,753,459$2,454,737$168,836$4,129,885
27$7,091,132$2,579,676$177,278$4,334,178
28$7,445,688$2,710,862$186,142$4,548,684
29$7,817,973$2,848,607$195,449$4,773,916
30$8,208,872$2,993,240$205,222$5,010,410
Total$132,500,000$47,703,718$3,312,499$81,483,779

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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.