USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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The tax information provided here is based on 2025 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 $464,800,000 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:Sat, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,545,506$174,898$4,275,503
2$7,345,702$2,674,930$183,643$4,487,130
3$7,712,987$2,810,826$192,825$4,709,337
4$8,098,637$2,953,516$202,466$4,942,655
5$8,503,569$3,103,341$212,589$5,187,639
6$8,928,747$3,260,657$223,219$5,444,872
7$9,375,185$3,425,839$234,380$5,714,967
8$9,843,944$3,599,279$246,099$5,998,566
9$10,336,141$3,781,392$258,404$6,296,345
10$10,852,948$3,972,611$271,324$6,609,013
11$11,395,595$4,173,391$284,890$6,937,315
12$11,965,375$4,384,209$299,134$7,282,032
13$12,563,644$4,605,569$314,091$7,643,984
14$13,191,826$4,837,996$329,796$8,024,035
15$13,851,417$5,082,045$346,285$8,423,087
16$14,543,988$5,338,296$363,600$8,842,093
17$15,271,188$5,607,360$381,780$9,282,048
18$16,034,747$5,889,877$400,869$9,744,002
19$16,836,484$6,186,519$420,912$10,229,053
20$17,678,309$6,497,994$441,958$10,738,357
21$18,562,224$6,825,043$464,056$11,273,125
22$19,490,335$7,168,444$487,258$11,834,633
23$20,464,852$7,529,016$511,621$12,424,215
24$21,488,094$7,907,615$537,202$13,043,277
25$22,562,499$8,305,145$564,062$13,693,292
26$23,690,625$8,722,551$592,266$14,375,808
27$24,875,156$9,160,828$621,879$15,092,449
28$26,118,913$9,621,018$652,973$15,844,922
29$27,424,859$10,104,218$685,621$16,635,019
30$28,796,102$10,611,578$719,903$17,464,622
Total$464,800,001$170,686,609$11,620,003$282,493,395

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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.