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Arizona Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$34,957$883,003
2$1,468,192$506,186$36,705$925,301
3$1,541,602$533,348$38,540$969,714
4$1,618,682$561,867$40,467$1,016,348
5$1,699,616$591,813$42,490$1,065,313
6$1,784,597$623,256$44,615$1,116,726
7$1,873,827$656,271$46,846$1,170,710
8$1,967,518$690,937$49,188$1,227,393
9$2,065,894$727,336$51,647$1,286,911
10$2,169,189$765,555$54,230$1,349,404
11$2,277,648$805,685$56,941$1,415,022
12$2,391,530$847,821$59,788$1,483,921
13$2,511,107$892,065$62,778$1,556,265
14$2,636,662$938,520$65,917$1,632,226
15$2,768,495$987,298$69,212$1,711,985
16$2,906,920$1,038,515$72,673$1,795,732
17$3,052,266$1,092,293$76,307$1,883,666
18$3,204,880$1,148,760$80,122$1,975,997
19$3,365,123$1,208,051$84,128$2,072,945
20$3,533,380$1,270,305$88,334$2,174,740
21$3,710,049$1,335,673$92,751$2,281,624
22$3,895,551$1,404,309$97,389$2,393,853
23$4,090,329$1,476,377$102,258$2,511,694
24$4,294,845$1,552,048$107,371$2,635,426
25$4,509,587$1,631,502$112,740$2,765,345
26$4,735,067$1,714,930$118,377$2,901,760
27$4,971,820$1,802,528$124,296$3,044,996
28$5,220,411$1,894,507$130,510$3,195,394
29$5,481,432$1,991,085$137,036$3,353,311
30$5,755,503$2,092,491$143,888$3,519,124
Total$92,900,000$33,261,650$2,322,501$57,315,849

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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.