USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Sep 20, 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 $677,100,000 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 money, as well as deductions claimed.

State:

Arizona

Drawing Date:Wed, Sep 20, 2023
Jackpot:$677,100,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,191,327$3,728,979$254,783$6,207,565
2$10,700,893$3,917,518$267,522$6,515,853
3$11,235,938$4,115,485$280,898$6,839,554
4$11,797,735$4,323,350$294,943$7,179,442
5$12,387,621$4,541,608$309,691$7,536,323
6$13,007,002$4,770,779$325,175$7,911,049
7$13,657,353$5,011,408$341,434$8,304,511
8$14,340,220$5,264,069$358,506$8,717,646
9$15,057,231$5,529,363$376,431$9,151,437
10$15,810,093$5,807,922$395,252$9,606,918
11$16,600,597$6,100,409$415,015$10,085,174
12$17,430,627$6,407,520$435,766$10,587,342
13$18,302,159$6,729,986$457,554$11,114,618
14$19,217,267$7,068,576$480,432$11,668,259
15$20,178,130$7,424,096$504,453$12,249,581
16$21,187,037$7,797,391$529,676$12,859,969
17$22,246,388$8,189,351$556,160$13,500,877
18$23,358,708$8,600,910$583,968$14,173,830
19$24,526,643$9,033,046$613,166$14,880,431
20$25,752,975$9,486,789$643,824$15,622,362
21$27,040,624$9,963,218$676,016$16,401,390
22$28,392,655$10,463,470$709,816$17,219,368
23$29,812,288$10,988,734$745,307$18,078,246
24$31,302,902$11,540,261$782,573$18,980,068
25$32,868,047$12,119,365$821,701$19,926,981
26$34,511,450$12,727,424$862,786$20,921,239
27$36,237,022$13,365,886$905,926$21,965,211
28$38,048,873$14,036,271$951,222$23,061,380
29$39,951,317$14,740,175$998,783$24,212,359
30$41,948,883$15,479,274$1,048,722$25,420,886
Total$677,100,001$249,272,633$16,927,501$410,899,869

◄ 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.