USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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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 $285,600,000 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 prize money, as well as deductions claimed.

State:

Arizona

Drawing Date:Sat, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$193,441$2,550,661
2$4,513,624$1,634,113$203,113$2,676,398
3$4,739,306$1,717,615$213,269$2,808,421
4$4,976,271$1,805,293$223,932$2,947,046
5$5,225,084$1,897,353$235,129$3,092,602
6$5,486,339$1,994,018$246,885$3,245,436
7$5,760,656$2,095,515$259,230$3,405,911
8$6,048,688$2,202,087$272,191$3,574,410
9$6,351,123$2,313,988$285,801$3,751,335
10$6,668,679$2,431,483$300,091$3,937,105
11$7,002,113$2,554,854$315,095$4,132,164
12$7,352,219$2,684,393$330,850$4,336,976
13$7,719,829$2,820,409$347,392$4,552,028
14$8,105,821$2,963,226$364,762$4,777,833
15$8,511,112$3,113,184$383,000$5,014,928
16$8,936,668$3,270,639$402,150$5,263,878
17$9,383,501$3,435,968$422,258$5,525,276
18$9,852,676$3,609,562$443,370$5,799,743
19$10,345,310$3,791,837$465,539$6,087,934
20$10,862,575$3,983,225$488,816$6,390,534
21$11,405,704$4,184,183$513,257$6,708,265
22$11,975,989$4,395,188$538,920$7,041,881
23$12,574,789$4,616,744$565,865$7,392,179
24$13,203,528$4,849,378$594,159$7,759,992
25$13,863,704$5,093,643$623,867$8,146,195
26$14,556,890$5,350,121$655,060$8,551,708
27$15,284,734$5,619,424$687,813$8,977,497
28$16,048,971$5,902,191$722,204$9,424,576
29$16,851,419$6,199,097$758,314$9,894,008
30$17,693,990$6,510,849$796,230$10,386,912
Total$285,600,001$104,594,167$12,852,003$168,153,832

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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.