USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Arizona

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $85,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Arizona

Drawing Date:  Tue, Apr 28, 2015
Jackpot:$85,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,279,372$319,843$63,969$895,560
2$1,343,341$335,835$67,167$940,338
3$1,410,508$352,627$70,525$987,355
4$1,481,033$370,258$74,052$1,036,723
5$1,555,085$388,771$77,754$1,088,559
6$1,632,839$408,210$81,642$1,142,987
7$1,714,481$428,620$85,724$1,200,137
8$1,800,205$450,051$90,010$1,260,143
9$1,890,215$472,554$94,511$1,323,151
10$1,984,726$496,181$99,236$1,389,308
11$2,083,962$520,991$104,198$1,458,774
12$2,188,160$547,040$109,408$1,531,712
13$2,297,568$574,392$114,878$1,608,298
14$2,412,447$603,112$120,622$1,688,713
15$2,533,069$633,267$126,653$1,773,148
16$2,659,723$664,931$132,986$1,861,806
17$2,792,709$698,177$139,635$1,954,896
18$2,932,344$733,086$146,617$2,052,641
19$3,078,961$769,740$153,948$2,155,273
20$3,232,909$808,227$161,645$2,263,037
21$3,394,555$848,639$169,728$2,376,188
22$3,564,282$891,071$178,214$2,494,998
23$3,742,497$935,624$187,125$2,619,748
24$3,929,621$982,405$196,481$2,750,735
25$4,126,102$1,031,526$206,305$2,888,272
26$4,332,408$1,083,102$216,620$3,032,685
27$4,549,028$1,137,257$227,451$3,184,320
28$4,776,479$1,194,120$238,824$3,343,536
29$5,015,303$1,253,826$250,765$3,510,712
30$5,266,069$1,316,517$263,303$3,686,248
Total$85,000,000$21,250,000$4,250,000$59,500,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^

The best selection at discount prices BOOKS & DVDs
Huge discounts!



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2015 Speednet Group.  All rights reserved.