USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Sep 24, 2022

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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 $274,800,000 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, Sep 24, 2022
Jackpot:$274,800,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,136,134$1,488,557$103,403$2,544,174
2$4,342,941$1,565,076$108,574$2,669,292
3$4,560,088$1,645,420$114,002$2,800,666
4$4,788,093$1,729,782$119,702$2,938,608
5$5,027,497$1,818,362$125,687$3,083,448
6$5,278,872$1,911,370$131,972$3,235,530
7$5,542,816$2,009,030$138,570$3,395,216
8$5,819,956$2,111,572$145,499$3,562,886
9$6,110,954$2,219,241$152,774$3,738,940
10$6,416,502$2,332,293$160,413$3,923,796
11$6,737,327$2,450,999$168,433$4,117,895
12$7,074,193$2,575,639$176,855$4,321,699
13$7,427,903$2,706,512$185,698$4,535,694
14$7,799,298$2,843,928$194,982$4,760,388
15$8,189,263$2,988,215$204,732$4,996,316
16$8,598,726$3,139,717$214,968$5,244,042
17$9,028,663$3,298,793$225,717$5,504,153
18$9,480,096$3,465,823$237,002$5,777,270
19$9,954,100$3,641,205$248,853$6,064,043
20$10,451,806$3,825,356$261,295$6,365,155
21$10,974,396$4,018,714$274,360$6,681,322
22$11,523,116$4,221,741$288,078$7,013,297
23$12,099,271$4,434,918$302,482$7,361,871
24$12,704,235$4,658,755$317,606$7,727,874
25$13,339,447$4,893,783$333,486$8,112,177
26$14,006,419$5,140,563$350,160$8,515,696
27$14,706,740$5,399,682$367,669$8,939,390
28$15,442,077$5,671,756$386,052$9,384,269
29$16,214,181$5,957,435$405,355$9,851,392
30$17,024,890$6,257,397$425,622$10,341,871
Total$274,800,001$100,421,634$6,870,001$167,508,370

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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.