USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Apr 17, 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 $80,700,000 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, Apr 17, 2024
Jackpot:$80,700,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,214,651$407,609$30,366$776,676
2$1,275,383$430,080$31,885$813,419
3$1,339,153$453,674$33,479$852,000
4$1,406,110$478,449$35,153$892,509
5$1,476,416$504,462$36,910$935,044
6$1,550,236$531,775$38,756$979,705
7$1,627,748$560,455$40,694$1,026,600
8$1,709,136$590,568$42,728$1,075,839
9$1,794,592$622,187$44,865$1,127,541
10$1,884,322$655,387$47,108$1,181,827
11$1,978,538$690,247$49,463$1,238,828
12$2,077,465$726,850$51,937$1,298,679
13$2,181,338$765,283$54,533$1,361,522
14$2,290,405$805,638$57,260$1,427,507
15$2,404,926$848,010$60,123$1,496,792
16$2,525,172$892,501$63,129$1,569,541
17$2,651,430$939,217$66,286$1,645,928
18$2,784,002$988,268$69,600$1,726,133
19$2,923,202$1,039,772$73,080$1,810,349
20$3,069,362$1,093,852$76,734$1,898,776
21$3,222,830$1,150,635$80,571$1,991,625
22$3,383,972$1,210,257$84,599$2,089,115
23$3,553,170$1,272,861$88,829$2,191,480
24$3,730,829$1,338,594$93,271$2,298,964
25$3,917,370$1,407,615$97,934$2,411,821
26$4,113,239$1,480,086$102,831$2,530,322
27$4,318,901$1,556,181$107,973$2,654,747
28$4,534,846$1,636,081$113,371$2,785,394
29$4,761,588$1,719,975$119,040$2,922,573
30$4,999,667$1,808,065$124,992$3,066,611
Total$80,700,000$28,604,634$2,017,500$50,077,867

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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.