USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 1998

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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 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 $9,000,000 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 27, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$3,387$106,523
2$142,236$27,179$3,556$111,501
3$149,348$28,886$3,734$116,728
4$156,815$30,678$3,920$122,217
5$164,656$32,560$4,116$127,980
6$172,889$34,536$4,322$134,031
7$181,533$36,610$4,538$140,384
8$190,610$38,789$4,765$147,056
9$200,140$41,731$5,004$153,405
10$210,147$44,934$5,254$159,960
11$220,655$48,296$5,516$166,842
12$231,688$51,827$5,792$174,069
13$243,272$55,534$6,082$181,657
14$255,436$59,777$6,386$189,272
15$268,207$64,247$6,705$197,255
16$281,618$68,941$7,040$205,636
17$295,699$73,869$7,392$214,437
18$310,483$79,044$7,762$223,677
19$326,008$84,477$8,150$233,380
20$342,308$90,183$8,558$243,568
21$359,423$96,173$8,986$254,265
22$377,395$102,463$9,435$265,497
23$396,264$109,067$9,907$277,290
24$416,078$116,002$10,402$289,674
25$436,881$123,283$10,922$302,676
26$458,726$130,929$11,468$316,329
27$481,662$138,956$12,042$330,664
28$505,745$147,385$12,644$345,716
29$531,032$156,236$13,276$361,520
30$557,584$165,529$13,940$378,115
Total$9,000,000$2,303,675$225,001$6,471,324

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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.