USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

For a non-Arizona resident

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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: 6% (non-resident tax rate)
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$571,292$5,464,322
2$9,997,615$3,662,072$599,857$5,735,685
3$10,497,495$3,847,028$629,850$6,020,617
4$11,022,371$4,041,232$661,342$6,319,796
5$11,573,488$4,245,146$694,409$6,633,933
6$12,152,163$4,459,255$729,130$6,963,778
7$12,759,772$4,684,071$765,586$7,310,115
8$13,397,760$4,920,126$803,866$7,673,768
9$14,067,648$5,167,985$844,059$8,055,604
10$14,771,030$5,428,236$886,262$8,456,532
11$15,509,582$5,701,500$930,575$8,877,507
12$16,285,061$5,988,428$977,104$9,319,530
13$17,099,314$6,289,701$1,025,959$9,783,654
14$17,954,280$6,606,039$1,077,257$10,270,985
15$18,851,994$6,938,193$1,131,120$10,782,681
16$19,794,594$7,286,955$1,187,676$11,319,963
17$20,784,323$7,653,154$1,247,059$11,884,109
18$21,823,539$8,037,664$1,309,412$12,476,462
19$22,914,716$8,441,400$1,374,883$13,098,433
20$24,060,452$8,865,322$1,443,627$13,751,503
21$25,263,474$9,310,441$1,515,808$14,437,225
22$26,526,648$9,777,815$1,591,599$15,157,234
23$27,852,981$10,268,558$1,671,179$15,913,244
24$29,245,629$10,783,838$1,754,738$16,707,054
25$30,707,911$11,324,882$1,842,475$17,540,554
26$32,243,307$11,892,979$1,934,598$18,415,730
27$33,855,472$12,489,480$2,031,328$19,334,664
28$35,548,245$13,115,806$2,132,895$20,299,545
29$37,325,658$13,773,448$2,239,539$21,312,670
30$39,191,941$14,463,973$2,351,516$22,376,451
Total$632,600,001$232,950,651$37,956,000$361,693,348

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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.