USA Mega

Arizona Powerball Jackpot Annuity Payout Schedule for Jul 24, 2013

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The tax information provided here is based on 2026 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 $167,400,000 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:Wed, Jul 24, 2013
Jackpot:$167,400,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,984,759$1,060,318$74,619$1,849,822
2$3,104,149$1,104,492$77,604$1,922,053
3$3,228,315$1,150,434$80,708$1,997,173
4$3,357,447$1,198,213$83,936$2,075,298
5$3,491,745$1,247,903$87,294$2,156,549
6$3,631,415$1,299,581$90,785$2,241,049
7$3,776,672$1,353,326$94,417$2,328,929
8$3,927,739$1,409,221$98,193$2,420,325
9$4,084,848$1,467,351$102,121$2,515,376
10$4,248,242$1,527,807$106,206$2,614,229
11$4,418,172$1,590,681$110,454$2,717,037
12$4,594,899$1,656,070$114,872$2,823,956
13$4,778,695$1,724,074$119,467$2,935,153
14$4,969,842$1,794,799$124,246$3,050,797
15$5,168,636$1,868,353$129,216$3,171,068
16$5,375,382$1,944,848$134,385$3,296,149
17$5,590,397$2,024,404$139,760$3,426,233
18$5,814,013$2,107,142$145,350$3,561,520
19$6,046,573$2,193,189$151,164$3,702,220
20$6,288,436$2,282,679$157,211$3,848,547
21$6,539,974$2,375,747$163,499$4,000,727
22$6,801,573$2,472,539$170,039$4,158,994
23$7,073,635$2,573,202$176,841$4,323,592
24$7,356,581$2,677,892$183,915$4,494,774
25$7,650,844$2,786,770$191,271$4,672,803
26$7,956,878$2,900,002$198,922$4,857,954
27$8,275,153$3,017,764$206,879$5,050,510
28$8,606,159$3,140,236$215,154$5,250,769
29$8,950,406$3,267,607$223,760$5,459,038
30$9,308,422$3,400,073$232,711$5,675,638
Total$167,400,000$60,616,717$4,184,999$102,598,282

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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.