USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 17, 2022

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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 $54,100,000 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, Jan 17, 2022
Jackpot:$54,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$814,283$257,242$20,357$536,684
2$854,997$272,306$21,375$561,316
3$897,747$288,123$22,444$587,179
4$942,634$304,732$23,566$614,336
5$989,766$322,171$24,744$642,851
6$1,039,254$340,481$25,981$672,791
7$1,091,217$359,707$27,280$704,229
8$1,145,777$379,895$28,644$737,238
9$1,203,066$401,092$30,077$771,898
10$1,263,220$423,349$31,580$808,291
11$1,326,381$446,718$33,160$846,503
12$1,392,700$471,256$34,817$886,626
13$1,462,335$497,021$36,558$928,755
14$1,535,451$524,074$38,386$972,991
15$1,612,224$552,480$40,306$1,019,438
16$1,692,835$582,306$42,321$1,068,208
17$1,777,477$613,624$44,437$1,119,416
18$1,866,351$646,507$46,659$1,173,185
19$1,959,668$681,035$48,992$1,229,642
20$2,057,652$717,288$51,441$1,288,922
21$2,160,534$755,355$54,013$1,351,166
22$2,268,561$795,325$56,714$1,416,522
23$2,381,989$837,293$59,550$1,485,146
24$2,501,088$881,360$62,527$1,557,201
25$2,626,143$927,630$65,654$1,632,859
26$2,757,450$976,214$68,936$1,712,300
27$2,895,323$1,027,227$72,383$1,795,713
28$3,040,089$1,080,790$76,002$1,883,296
29$3,192,093$1,137,032$79,802$1,975,259
30$3,351,698$1,196,085$83,792$2,071,820
Total$54,100,000$18,695,718$1,352,498$34,051,781

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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.