USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Oct 29, 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 $822,300,000 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 29, 2022
Jackpot:$822,300,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,376,795$4,536,434$309,420$7,530,941
2$12,995,635$4,765,405$324,891$7,905,339
3$13,645,416$5,005,824$341,135$8,298,457
4$14,327,688$5,258,265$358,192$8,711,231
5$15,044,071$5,523,327$376,102$9,144,643
6$15,796,275$5,801,642$394,907$9,599,726
7$16,586,089$6,093,873$414,652$10,077,564
8$17,415,394$6,400,716$435,385$10,579,293
9$18,286,163$6,722,901$457,154$11,106,109
10$19,200,471$7,061,195$480,012$11,659,265
11$20,160,495$7,416,403$504,012$12,240,079
12$21,168,520$7,789,373$529,213$12,849,934
13$22,226,946$8,180,990$555,674$13,490,282
14$23,338,293$8,592,189$583,457$14,162,647
15$24,505,208$9,023,947$612,630$14,868,630
16$25,730,468$9,477,294$643,262$15,609,913
17$27,016,991$9,953,307$675,425$16,388,259
18$28,367,841$10,453,121$709,196$17,205,524
19$29,786,233$10,977,926$744,656$18,063,651
20$31,275,545$11,528,972$781,889$18,964,684
21$32,839,322$12,107,569$820,983$19,910,769
22$34,481,288$12,715,097$862,032$20,904,159
23$36,205,353$13,353,001$905,134$21,947,218
24$38,015,620$14,022,800$950,390$23,042,430
25$39,916,401$14,726,089$997,910$24,192,402
26$41,912,221$15,464,542$1,047,806$25,399,874
27$44,007,832$16,239,918$1,100,196$26,667,718
28$46,208,223$17,054,063$1,155,206$27,998,955
29$48,518,635$17,908,915$1,212,966$29,396,754
30$50,944,567$18,806,510$1,273,614$30,864,443
Total$822,300,002$302,961,608$20,557,501$498,780,893

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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.