USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 1998

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The tax information provided here is based on 2025 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 $15,000,000 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 money, as well as deductions claimed.

State:

Arizona

Drawing Date:Fri, Feb 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,310$5,644$170,817
2$237,060$52,922$5,927$178,211
3$248,913$56,715$6,223$185,975
4$261,359$61,023$6,534$193,802
5$274,427$65,597$6,861$201,969
6$288,148$70,399$7,204$210,545
7$302,555$75,442$7,564$219,550
8$317,683$80,736$7,942$229,005
9$333,567$86,296$8,339$238,932
10$350,246$92,133$8,756$249,356
11$367,758$98,263$9,194$260,302
12$386,146$104,698$9,654$271,794
13$405,453$111,456$10,136$283,861
14$425,726$118,551$10,643$296,531
15$447,012$126,002$11,175$309,835
16$469,363$133,824$11,734$323,804
17$492,831$142,038$12,321$338,472
18$517,472$150,663$12,937$353,873
19$543,346$159,718$13,584$370,044
20$570,513$169,227$14,263$387,024
21$599,039$179,211$14,976$404,852
22$628,991$189,747$15,725$423,519
23$660,441$201,383$16,511$442,546
24$693,463$213,601$17,337$462,525
25$728,136$226,430$18,203$483,502
26$764,543$239,901$19,114$505,528
27$802,770$254,045$20,069$528,655
28$842,908$268,896$21,073$552,939
29$885,054$284,490$22,126$578,437
30$929,306$300,864$23,233$605,210
Total$15,000,000$4,363,581$375,002$10,261,415

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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.