USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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The tax information provided here is based on 2025 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 $166,000,000 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, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$62,463$1,554,595
2$2,623,465$927,702$65,587$1,630,176
3$2,754,638$976,236$68,866$1,709,536
4$2,892,370$1,027,197$72,309$1,792,864
5$3,036,989$1,080,706$75,925$1,880,358
6$3,188,838$1,136,890$79,721$1,972,227
7$3,348,280$1,195,884$83,707$2,068,689
8$3,515,694$1,257,827$87,892$2,169,975
9$3,691,479$1,322,867$92,287$2,276,325
10$3,876,053$1,391,160$96,901$2,387,992
11$4,069,856$1,462,867$101,746$2,505,242
12$4,273,348$1,538,159$106,834$2,628,355
13$4,487,016$1,617,216$112,175$2,757,624
14$4,711,367$1,700,226$117,784$2,893,356
15$4,946,935$1,787,386$123,673$3,035,875
16$5,194,282$1,878,904$129,857$3,185,520
17$5,453,996$1,974,999$136,350$3,342,647
18$5,726,695$2,075,898$143,167$3,507,630
19$6,013,030$2,181,841$150,326$3,680,863
20$6,313,682$2,293,082$157,842$3,862,757
21$6,629,366$2,409,886$165,734$4,053,746
22$6,960,834$2,532,529$174,021$4,254,284
23$7,308,876$2,661,304$182,722$4,464,850
24$7,674,319$2,796,518$191,858$4,685,943
25$8,058,035$2,938,493$201,451$4,918,091
26$8,460,937$3,087,567$211,523$5,161,847
27$8,883,984$3,244,094$222,100$5,417,790
28$9,328,183$3,408,448$233,205$5,686,531
29$9,794,592$3,581,019$244,865$5,968,708
30$10,284,322$3,762,219$257,108$6,264,995
Total$166,000,000$60,130,603$4,149,999$101,719,391

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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.