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Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 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 Mega Millions 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 $850,000,000 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 prize money, as well as deductions claimed.

State:

Arizona

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 4.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$614,099$7,481,873
2$13,433,406$4,934,432$644,803$7,854,170
3$14,105,076$5,182,950$677,044$8,245,082
4$14,810,330$5,443,894$710,896$8,655,540
5$15,550,846$5,717,885$746,441$9,086,520
6$16,328,389$6,005,576$783,763$9,539,050
7$17,144,809$6,307,651$822,951$10,014,206
8$18,002,049$6,624,830$864,098$10,513,120
9$18,902,151$6,957,868$907,303$11,036,980
10$19,847,259$7,307,558$952,668$11,587,032
11$20,839,622$7,674,732$1,000,302$12,164,588
12$21,881,603$8,060,265$1,050,317$12,771,021
13$22,975,683$8,465,075$1,102,833$13,407,775
14$24,124,467$8,890,125$1,157,974$14,076,368
15$25,330,690$9,336,428$1,215,873$14,778,389
16$26,597,225$9,805,046$1,276,667$15,515,513
17$27,927,086$10,297,094$1,340,500$16,289,492
18$29,323,440$10,813,745$1,407,525$17,102,170
19$30,789,612$11,356,229$1,477,901$17,955,482
20$32,329,093$11,925,837$1,551,796$18,851,460
21$33,945,547$12,523,925$1,629,386$19,792,236
22$35,642,825$13,151,917$1,710,856$20,780,052
23$37,424,966$13,811,310$1,796,398$21,817,258
24$39,296,214$14,503,671$1,886,218$22,906,324
25$41,261,025$15,230,651$1,980,529$24,049,844
26$43,324,077$15,993,981$2,079,556$25,250,540
27$45,490,280$16,795,476$2,183,533$26,511,271
28$47,764,794$17,637,046$2,292,710$27,835,038
29$50,153,034$18,520,695$2,407,346$29,224,993
30$52,660,686$19,448,526$2,527,713$30,684,447
Total$850,000,002$313,422,167$40,799,999$495,777,834

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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.