USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Sep 20, 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 $473,200,000 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:Mon, Sep 20, 2021
Jackpot:$473,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,122,339$2,591,223$178,058$4,353,058
2$7,478,456$2,722,986$186,961$4,568,509
3$7,852,379$2,861,337$196,309$4,794,732
4$8,244,998$3,006,607$206,125$5,032,267
5$8,657,247$3,159,139$216,431$5,281,677
6$9,090,110$3,319,298$227,253$5,543,559
7$9,544,616$3,487,465$238,615$5,818,535
8$10,021,846$3,664,040$250,546$6,107,260
9$10,522,939$3,849,445$263,073$6,410,421
10$11,049,086$4,044,119$276,227$6,728,740
11$11,601,540$4,248,527$290,038$7,062,974
12$12,181,617$4,463,156$304,540$7,413,921
13$12,790,698$4,688,515$319,767$7,782,415
14$13,430,233$4,925,143$335,756$8,169,334
15$14,101,744$5,173,603$352,544$8,575,598
16$14,806,832$5,434,485$370,171$9,002,176
17$15,547,173$5,708,411$388,679$9,450,082
18$16,324,532$5,996,034$408,113$9,920,384
19$17,140,758$6,298,038$428,519$10,414,201
20$17,997,796$6,615,142$449,945$10,932,709
21$18,897,686$6,948,101$472,442$11,477,143
22$19,842,570$7,297,708$496,064$12,048,798
23$20,834,699$7,664,796$520,867$12,649,036
24$21,876,433$8,050,238$546,911$13,279,285
25$22,970,255$8,454,952$574,256$13,941,047
26$24,118,768$8,879,902$602,969$14,635,898
27$25,324,707$9,326,099$633,118$15,365,490
28$26,590,942$9,794,606$664,774$16,131,562
29$27,920,489$10,286,538$698,012$16,935,939
30$29,316,514$10,803,067$732,913$17,780,533
Total$473,200,001$173,762,720$11,829,996$287,607,283

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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.