USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Feb 24, 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 $375,900,000 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, Feb 24, 2024
Jackpot:$375,900,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,657,834$2,050,419$141,446$3,465,970
2$5,940,726$2,155,089$148,518$3,637,119
3$6,237,762$2,264,992$155,944$3,816,826
4$6,549,651$2,380,391$163,741$4,005,518
5$6,877,133$2,501,559$171,928$4,203,645
6$7,220,990$2,628,786$180,525$4,411,679
7$7,582,039$2,762,375$189,551$4,630,114
8$7,961,141$2,902,643$199,029$4,859,470
9$8,359,198$3,049,924$208,980$5,100,295
10$8,777,158$3,204,569$219,429$5,353,160
11$9,216,016$3,366,946$230,400$5,618,670
12$9,676,817$3,537,443$241,920$5,897,454
13$10,160,658$3,716,464$254,016$6,190,178
14$10,668,691$3,904,436$266,717$6,497,538
15$11,202,125$4,101,807$280,053$6,820,266
16$11,762,232$4,309,046$294,056$7,159,130
17$12,350,343$4,526,647$308,759$7,514,937
18$12,967,860$4,755,129$324,197$7,888,535
19$13,616,253$4,995,034$340,406$8,280,813
20$14,297,066$5,246,935$357,427$8,692,705
21$15,011,919$5,511,430$375,298$9,125,191
22$15,762,515$5,789,151$394,063$9,579,301
23$16,550,641$6,080,757$413,766$10,056,118
24$17,378,173$6,386,944$434,454$10,556,774
25$18,247,081$6,708,440$456,177$11,082,464
26$19,159,436$7,046,011$478,986$11,634,438
27$20,117,408$7,400,461$502,935$12,214,011
28$21,123,278$7,772,633$528,082$12,822,563
29$22,179,442$8,163,414$554,486$13,461,542
30$23,288,414$8,573,733$582,210$14,132,470
Total$375,900,001$137,793,608$9,397,499$228,708,894

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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.