USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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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 $78,400,000 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:Sat, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$29,501$755,732
2$1,239,034$416,630$30,976$791,428
3$1,300,986$439,553$32,525$828,909
4$1,366,035$463,621$34,151$868,264
5$1,434,337$488,892$35,858$909,586
6$1,506,054$515,428$37,651$952,975
7$1,581,356$543,290$39,534$998,533
8$1,660,424$572,545$41,511$1,046,369
9$1,743,445$603,263$43,586$1,096,597
10$1,830,618$635,516$45,765$1,149,336
11$1,922,149$669,383$48,054$1,204,712
12$2,018,256$704,942$50,456$1,262,857
13$2,119,169$742,280$52,979$1,323,909
14$2,225,127$781,485$55,628$1,388,014
15$2,336,384$822,650$58,410$1,455,324
16$2,453,203$865,873$61,330$1,526,000
17$2,575,863$911,257$64,397$1,600,209
18$2,704,656$958,911$67,616$1,678,129
19$2,839,889$1,008,947$70,997$1,759,945
20$2,981,883$1,061,485$74,547$1,845,852
21$3,130,978$1,116,649$78,274$1,936,054
22$3,287,526$1,174,573$82,188$2,030,766
23$3,451,903$1,235,392$86,298$2,130,213
24$3,624,498$1,299,252$90,612$2,234,633
25$3,805,723$1,366,305$95,143$2,344,275
26$3,996,009$1,436,711$99,900$2,459,398
27$4,195,809$1,510,637$104,895$2,580,277
28$4,405,600$1,588,260$110,140$2,707,200
29$4,625,880$1,669,763$115,647$2,840,470
30$4,857,174$1,755,342$121,429$2,980,402
Total$78,400,000$27,753,635$1,959,998$48,686,368

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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.