USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 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$212,692$17,196$457,962
2$722,243$225,418$18,056$478,769
3$758,355$238,779$18,959$500,617
4$796,273$252,809$19,907$523,557
5$836,087$267,540$20,902$547,645
6$877,891$283,007$21,947$572,936
7$921,786$299,248$23,045$599,493
8$967,875$316,301$24,197$627,377
9$1,016,269$334,207$25,407$656,655
10$1,067,082$353,008$26,677$687,397
11$1,120,436$372,749$28,011$719,676
12$1,176,458$393,477$29,411$753,569
13$1,235,281$415,242$30,882$789,157
14$1,297,045$438,094$32,426$826,524
15$1,361,897$462,090$34,047$865,760
16$1,429,992$487,285$35,750$906,957
17$1,501,492$513,740$37,537$950,215
18$1,576,566$541,517$39,414$995,635
19$1,655,394$570,684$41,385$1,043,326
20$1,738,164$601,308$43,454$1,093,402
21$1,825,072$633,465$45,627$1,145,981
22$1,916,326$667,228$47,908$1,201,189
23$2,012,142$702,680$50,304$1,259,158
24$2,112,749$739,905$52,819$1,320,026
25$2,218,387$778,991$55,460$1,383,936
26$2,329,306$820,031$58,233$1,451,043
27$2,445,772$863,123$61,144$1,521,504
28$2,568,060$908,370$64,202$1,595,489
29$2,696,463$955,879$67,412$1,673,172
30$2,831,286$1,005,764$70,782$1,754,740
Total$45,700,000$15,654,631$1,142,501$28,902,867

◄ Back to Jackpot Analysis

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.