USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Mar 27, 2023

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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 $122,200,000 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:Mon, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$638,723$45,982$1,154,580
2$1,931,250$672,750$48,281$1,210,218
3$2,027,812$708,478$50,695$1,268,639
4$2,129,203$745,993$53,230$1,329,980
5$2,235,663$785,383$55,892$1,394,388
6$2,347,446$826,743$58,686$1,462,017
7$2,464,818$870,171$61,620$1,533,027
8$2,588,059$915,770$64,701$1,607,588
9$2,717,462$963,649$67,937$1,685,877
10$2,853,335$1,013,922$71,333$1,768,080
11$2,996,002$1,066,709$74,900$1,854,394
12$3,145,802$1,122,135$78,645$1,945,023
13$3,303,092$1,180,332$82,577$2,040,183
14$3,468,247$1,241,439$86,706$2,140,102
15$3,641,659$1,305,602$91,041$2,245,016
16$3,823,742$1,372,972$95,594$2,355,176
17$4,014,929$1,443,712$100,373$2,470,844
18$4,215,676$1,517,988$105,392$2,592,296
19$4,426,460$1,595,978$110,661$2,719,820
20$4,647,783$1,677,867$116,195$2,853,721
21$4,880,172$1,763,851$122,004$2,994,316
22$5,124,180$1,854,134$128,105$3,141,941
23$5,380,389$1,948,932$134,510$3,296,948
24$5,649,409$2,048,469$141,235$3,459,704
25$5,931,879$2,152,983$148,297$3,630,599
26$6,228,473$2,262,723$155,712$3,810,039
27$6,539,897$2,377,950$163,497$3,998,450
28$6,866,892$2,498,938$171,672$4,196,282
29$7,210,236$2,625,975$180,256$4,404,005
30$7,570,748$2,759,365$189,269$4,622,115
Total$122,200,000$43,959,636$3,054,998$75,185,368

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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.