USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2022 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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$428,469$5,607,145
2$9,997,615$3,662,072$449,893$5,885,650
3$10,497,495$3,847,028$472,387$6,178,080
4$11,022,371$4,041,232$496,007$6,485,132
5$11,573,488$4,245,146$520,807$6,807,536
6$12,152,163$4,459,255$546,847$7,146,060
7$12,759,772$4,684,071$574,190$7,501,511
8$13,397,760$4,920,126$602,899$7,874,735
9$14,067,648$5,167,985$633,044$8,266,619
10$14,771,030$5,428,236$664,696$8,678,098
11$15,509,582$5,701,500$697,931$9,110,150
12$16,285,061$5,988,428$732,828$9,563,806
13$17,099,314$6,289,701$769,469$10,040,144
14$17,954,280$6,606,039$807,943$10,540,299
15$18,851,994$6,938,193$848,340$11,065,461
16$19,794,594$7,286,955$890,757$11,616,882
17$20,784,323$7,653,154$935,295$12,195,874
18$21,823,539$8,037,664$982,059$12,803,815
19$22,914,716$8,441,400$1,031,162$13,442,154
20$24,060,452$8,865,322$1,082,720$14,112,409
21$25,263,474$9,310,441$1,136,856$14,816,178
22$26,526,648$9,777,815$1,193,699$15,555,134
23$27,852,981$10,268,558$1,253,384$16,331,039
24$29,245,629$10,783,838$1,316,053$17,145,738
25$30,707,911$11,324,882$1,381,856$18,001,173
26$32,243,307$11,892,979$1,450,949$18,899,380
27$33,855,472$12,489,480$1,523,496$19,842,496
28$35,548,245$13,115,806$1,599,671$20,832,769
29$37,325,658$13,773,448$1,679,655$21,872,555
30$39,191,941$14,463,973$1,763,637$22,964,330
Total$632,600,001$232,950,651$28,466,999$371,182,352

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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.