USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Oct 25, 2023

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 $103,400,000 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:Wed, Oct 25, 2023
Jackpot:$103,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,556,318$534,026$38,908$983,385
2$1,634,134$562,817$40,853$1,030,464
3$1,715,841$593,049$42,896$1,079,896
4$1,801,633$624,792$45,041$1,131,800
5$1,891,715$658,122$47,293$1,186,300
6$1,986,300$693,119$49,658$1,243,524
7$2,085,616$729,865$52,140$1,303,610
8$2,189,896$768,449$54,747$1,366,700
9$2,299,391$808,962$57,485$1,432,944
10$2,414,361$851,501$60,359$1,502,500
11$2,535,079$896,167$63,377$1,575,535
12$2,661,833$943,066$66,546$1,652,221
13$2,794,924$992,310$69,873$1,732,741
14$2,934,670$1,044,016$73,367$1,817,288
15$3,081,404$1,098,307$77,035$1,906,062
16$3,235,474$1,155,313$80,887$1,999,274
17$3,397,248$1,215,169$84,931$2,097,147
18$3,567,110$1,278,019$89,178$2,199,914
19$3,745,466$1,344,010$93,637$2,307,819
20$3,932,739$1,413,301$98,318$2,421,119
21$4,129,376$1,486,057$103,234$2,540,085
22$4,335,845$1,562,450$108,396$2,664,998
23$4,552,637$1,642,663$113,816$2,796,158
24$4,780,269$1,726,887$119,507$2,933,875
25$5,019,282$1,815,322$125,482$3,078,478
26$5,270,247$1,908,179$131,756$3,230,311
27$5,533,759$2,005,679$138,344$3,389,736
28$5,810,447$2,108,053$145,261$3,557,132
29$6,100,969$2,215,546$152,524$3,732,899
30$6,406,018$2,328,414$160,150$3,917,453
Total$103,400,000$37,003,630$2,584,999$63,811,368

◄ 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.