USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 5, 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 $1,656,800,000 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, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,183,791$623,430$15,129,996
2$26,184,079$9,645,129$654,602$15,884,347
3$27,493,282$10,129,535$687,332$16,676,415
4$28,867,947$10,638,161$721,699$17,508,088
5$30,311,343$11,172,217$757,784$18,381,342
6$31,826,911$11,732,977$795,673$19,298,261
7$33,418,257$12,321,775$835,456$20,261,025
8$35,089,170$12,940,013$877,229$21,271,928
9$36,843,628$13,589,163$921,091$22,333,375
10$38,685,809$14,270,770$967,145$23,447,894
11$40,620,100$14,986,457$1,015,503$24,618,140
12$42,651,105$15,737,929$1,066,278$25,846,898
13$44,783,660$16,526,975$1,119,592$27,137,094
14$47,022,844$17,355,472$1,175,571$28,491,800
15$49,373,985$18,225,395$1,234,350$29,914,241
16$51,842,685$19,138,814$1,296,067$31,407,804
17$54,434,818$20,097,903$1,360,870$32,976,045
18$57,156,560$21,104,947$1,428,914$34,622,698
19$60,014,387$22,162,344$1,500,360$36,351,684
20$63,015,107$23,272,610$1,575,378$38,167,120
21$66,165,862$24,438,389$1,654,147$40,073,326
22$69,474,155$25,662,458$1,736,854$42,074,844
23$72,947,864$26,947,730$1,823,697$44,176,437
24$76,595,256$28,297,265$1,914,881$46,383,109
25$80,425,018$29,714,277$2,010,625$48,700,116
26$84,446,271$31,202,140$2,111,157$51,132,974
27$88,668,584$32,764,396$2,216,715$53,687,473
28$93,102,012$34,404,765$2,327,550$56,369,697
29$97,757,113$36,127,152$2,443,928$59,186,033
30$102,644,970$37,935,659$2,566,124$62,143,186
Total$1,656,800,003$611,726,608$41,420,002$1,003,653,390

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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.