USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Mar 17, 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 $185,400,000 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 money, as well as deductions claimed.

State:

Arizona

Drawing Date:Wed, Mar 17, 2021
Jackpot:$185,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,790,536$988,456$69,763$1,732,317
2$2,930,063$1,040,081$73,252$1,816,731
3$3,076,566$1,094,287$76,914$1,905,365
4$3,230,394$1,151,203$80,760$1,998,431
5$3,391,914$1,210,965$84,798$2,096,151
6$3,561,510$1,273,716$89,038$2,198,756
7$3,739,585$1,339,604$93,490$2,306,492
8$3,926,565$1,408,786$98,164$2,419,614
9$4,122,893$1,481,428$103,072$2,538,393
10$4,329,037$1,557,701$108,226$2,663,110
11$4,545,489$1,637,788$113,637$2,794,064
12$4,772,764$1,721,880$119,319$2,931,565
13$5,011,402$1,810,176$125,285$3,075,941
14$5,261,972$1,902,887$131,549$3,227,536
15$5,525,071$2,000,233$138,127$3,386,710
16$5,801,324$2,102,447$145,033$3,553,844
17$6,091,390$2,209,772$152,285$3,729,334
18$6,395,960$2,322,462$159,899$3,913,598
19$6,715,758$2,440,788$167,894$4,107,076
20$7,051,546$2,565,029$176,289$4,310,228
21$7,404,123$2,695,483$185,103$4,523,537
22$7,774,329$2,832,459$194,358$4,747,512
23$8,163,046$2,976,284$204,076$4,982,685
24$8,571,198$3,127,300$214,280$5,229,617
25$8,999,758$3,285,868$224,994$5,488,896
26$9,449,746$3,452,363$236,244$5,761,139
27$9,922,233$3,627,183$248,056$6,046,994
28$10,418,344$3,810,745$260,459$6,347,141
29$10,939,262$4,003,484$273,482$6,662,296
30$11,486,225$4,205,860$287,156$6,993,209
Total$185,400,000$67,276,718$4,635,002$113,488,282

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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.