USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 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 $2,040,100,000 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:Mon, Nov 7, 2022
Jackpot:$2,040,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$767,661$18,614,437
2$32,241,755$11,892,404$806,044$19,543,307
3$33,853,842$12,488,876$846,346$20,518,619
4$35,546,535$13,115,173$888,663$21,542,699
5$37,323,860$13,772,783$933,097$22,617,980
6$39,190,054$14,463,275$979,751$23,747,028
7$41,149,558$15,188,291$1,028,739$24,932,527
8$43,207,035$15,949,558$1,080,176$26,177,301
9$45,367,387$16,748,888$1,134,185$27,484,314
10$47,635,756$17,588,185$1,190,894$28,856,677
11$50,017,544$18,469,446$1,250,439$30,297,659
12$52,518,421$19,394,771$1,312,961$31,810,690
13$55,144,342$20,366,361$1,378,609$33,399,372
14$57,901,559$21,386,532$1,447,539$35,067,488
15$60,796,637$22,457,711$1,519,916$36,819,010
16$63,836,469$23,582,449$1,595,912$38,658,109
17$67,028,291$24,763,423$1,675,707$40,589,161
18$70,379,706$26,003,446$1,759,493$42,616,767
19$73,898,691$27,305,471$1,847,467$44,745,753
20$77,593,627$28,672,597$1,939,841$46,981,189
21$81,473,307$30,108,079$2,036,833$49,328,396
22$85,546,973$31,615,335$2,138,674$51,792,963
23$89,824,322$33,197,954$2,245,608$54,380,760
24$94,315,537$34,859,704$2,357,888$57,097,945
25$99,031,314$36,604,541$2,475,783$59,950,990
26$103,982,881$38,436,621$2,599,572$62,946,688
27$109,182,025$40,360,304$2,729,551$66,092,170
28$114,641,124$42,380,171$2,866,028$69,394,925
29$120,373,181$44,501,032$3,009,330$72,862,820
30$126,391,841$46,727,936$3,159,796$76,504,109
Total$2,040,100,004$753,725,652$51,002,503$1,235,371,853

◄ 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.