USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$17,196$453,195
2$722,243$230,185$18,056$474,002
3$758,355$243,546$18,959$495,850
4$796,273$257,576$19,907$518,790
5$836,087$272,307$20,902$542,877
6$877,891$287,775$21,947$568,169
7$921,786$304,016$23,045$594,725
8$967,875$321,069$24,197$622,609
9$1,016,269$338,974$25,407$651,888
10$1,067,082$357,775$26,677$682,630
11$1,120,436$377,516$28,011$714,909
12$1,176,458$398,244$29,411$748,802
13$1,235,281$420,009$30,882$784,390
14$1,297,045$442,862$32,426$821,757
15$1,361,897$466,857$34,047$860,993
16$1,429,992$492,052$35,750$902,190
17$1,501,492$518,507$37,537$945,447
18$1,576,566$546,284$39,414$990,868
19$1,655,394$575,451$41,385$1,038,559
20$1,738,164$606,076$43,454$1,088,634
21$1,825,072$638,232$45,627$1,141,214
22$1,916,326$671,996$47,908$1,196,422
23$2,012,142$707,448$50,304$1,254,391
24$2,112,749$744,672$52,819$1,315,258
25$2,218,387$783,758$55,460$1,379,169
26$2,329,306$824,798$58,233$1,446,275
27$2,445,772$867,890$61,144$1,516,737
28$2,568,060$913,137$64,202$1,590,721
29$2,696,463$960,646$67,412$1,668,405
30$2,831,286$1,010,531$70,782$1,749,973
Total$45,700,000$15,797,649$1,142,501$28,759,849

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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.