USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Oct 1, 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 $325,400,000 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, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$122,443$3,000,176
2$5,142,624$1,865,726$128,566$3,148,332
3$5,399,755$1,960,864$134,994$3,303,897
4$5,669,743$2,060,760$141,744$3,467,239
5$5,953,230$2,165,650$148,831$3,638,749
6$6,250,891$2,275,785$156,272$3,818,834
7$6,563,436$2,391,426$164,086$4,007,924
8$6,891,608$2,512,850$172,290$4,206,468
9$7,236,188$2,640,345$180,905$4,414,939
10$7,597,998$2,774,214$189,950$4,633,834
11$7,977,898$2,914,777$199,447$4,863,673
12$8,376,792$3,062,368$209,420$5,105,004
13$8,795,632$3,217,339$219,891$5,358,402
14$9,235,414$3,380,058$230,885$5,624,470
15$9,697,184$3,550,913$242,430$5,903,841
16$10,182,044$3,730,311$254,551$6,197,181
17$10,691,146$3,918,679$267,279$6,505,188
18$11,225,703$4,116,465$280,643$6,828,595
19$11,786,988$4,324,141$294,675$7,168,173
20$12,376,337$4,542,200$309,408$7,524,729
21$12,995,154$4,771,162$324,879$7,899,113
22$13,644,912$5,011,572$341,123$8,292,217
23$14,327,158$5,264,003$358,179$8,704,975
24$15,043,515$5,529,056$376,088$9,138,372
25$15,795,691$5,807,361$394,892$9,593,438
26$16,585,476$6,099,581$414,637$10,071,258
27$17,414,750$6,406,412$435,369$10,572,969
28$18,285,487$6,728,585$457,137$11,099,765
29$19,199,761$7,066,867$479,994$11,652,901
30$20,159,750$7,422,062$503,994$12,233,694
Total$325,400,001$119,286,650$8,135,002$197,978,350

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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.