USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jun 4, 2022

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The tax information provided here is based on 2026 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 $189,600,000 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, Jun 4, 2022
Jackpot:$189,600,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,853,752$1,011,846$71,344$1,770,563
2$2,996,440$1,064,640$74,911$1,856,889
3$3,146,262$1,120,074$78,657$1,947,531
4$3,303,575$1,178,280$82,589$2,042,706
5$3,468,753$1,239,396$86,719$2,142,639
6$3,642,191$1,303,568$91,055$2,247,568
7$3,824,301$1,370,949$95,608$2,357,745
8$4,015,516$1,441,698$100,388$2,473,430
9$4,216,292$1,515,985$105,407$2,594,899
10$4,427,106$1,593,987$110,678$2,722,442
11$4,648,461$1,675,888$116,212$2,856,362
12$4,880,885$1,761,885$122,022$2,996,978
13$5,124,929$1,852,181$128,123$3,144,625
14$5,381,175$1,946,992$134,529$3,299,654
15$5,650,234$2,046,544$141,256$3,462,434
16$5,932,746$2,151,073$148,319$3,633,354
17$6,229,383$2,260,829$155,735$3,812,819
18$6,540,852$2,376,073$163,521$4,001,258
19$6,867,895$2,497,078$171,697$4,199,119
20$7,211,289$2,624,134$180,282$4,406,873
21$7,571,854$2,757,543$189,296$4,625,014
22$7,950,447$2,897,622$198,761$4,854,063
23$8,347,969$3,044,706$208,699$5,094,564
24$8,765,367$3,199,143$219,134$5,347,090
25$9,203,636$3,361,302$230,091$5,612,242
26$9,663,818$3,531,570$241,595$5,890,652
27$10,147,008$3,710,350$253,675$6,182,983
28$10,654,359$3,898,070$266,359$6,489,930
29$11,187,077$4,095,176$279,677$6,812,224
30$11,746,431$4,302,137$293,661$7,150,633
Total$189,600,000$68,830,719$4,740,000$116,029,283

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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.