USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Sep 18, 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 $176,300,000 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 18, 2024
Jackpot:$176,300,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,653,568$940,008$66,339$1,647,221
2$2,786,246$989,099$69,656$1,727,491
3$2,925,559$1,040,644$73,139$1,811,775
4$3,071,837$1,094,767$76,796$1,900,273
5$3,225,428$1,151,596$80,636$1,993,196
6$3,386,700$1,211,267$84,667$2,090,766
7$3,556,035$1,273,921$88,901$2,193,213
8$3,733,837$1,339,707$93,346$2,300,783
9$3,920,529$1,408,783$98,013$2,413,732
10$4,116,555$1,481,313$102,914$2,532,328
11$4,322,383$1,557,469$108,060$2,656,854
12$4,538,502$1,637,433$113,463$2,787,606
13$4,765,427$1,721,396$119,136$2,924,896
14$5,003,698$1,809,556$125,092$3,069,050
15$5,253,883$1,902,125$131,347$3,220,412
16$5,516,577$1,999,321$137,914$3,379,342
17$5,792,406$2,101,378$144,810$3,546,218
18$6,082,026$2,208,538$152,051$3,721,438
19$6,386,128$2,321,055$159,653$3,905,420
20$6,705,434$2,439,198$167,636$4,098,600
21$7,040,706$2,563,249$176,018$4,301,439
22$7,392,741$2,693,502$184,819$4,514,421
23$7,762,378$2,830,268$194,059$4,738,051
24$8,150,497$2,973,872$203,762$4,972,863
25$8,558,022$3,124,656$213,951$5,219,416
26$8,985,923$3,282,979$224,648$5,478,296
27$9,435,219$3,449,219$235,880$5,750,120
28$9,906,980$3,623,770$247,675$6,035,535
29$10,402,329$3,807,050$260,058$6,335,221
30$10,922,446$3,999,493$273,061$6,649,892
Total$176,300,000$63,976,632$4,407,500$107,915,868

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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.