USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Aug 18, 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 $19,000,000 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:Tue, Aug 18, 1998
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,977$70,467$7,149$208,361
2$300,276$75,471$7,507$217,298
3$315,290$80,726$7,882$226,681
4$331,054$86,244$8,276$236,534
5$347,607$92,037$8,690$246,880
6$364,988$98,120$9,125$257,742
7$383,237$104,508$9,581$269,148
8$402,399$111,214$10,060$281,124
9$422,519$118,256$10,563$293,699
10$443,645$125,650$11,091$306,903
11$465,827$133,414$11,646$320,767
12$489,118$141,566$12,228$335,324
13$513,574$150,126$12,839$350,609
14$539,253$159,113$13,481$366,658
15$566,215$168,550$14,155$383,510
16$594,526$178,459$14,863$401,204
17$624,253$189,161$15,606$419,485
18$655,465$200,710$16,387$438,369
19$688,238$212,836$17,206$458,196
20$722,650$225,568$18,066$479,016
21$758,783$238,937$18,970$500,876
22$796,722$252,975$19,918$523,829
23$836,558$267,714$20,914$547,930
24$878,386$283,191$21,960$573,236
25$922,305$299,441$23,058$599,807
26$968,421$316,503$24,211$627,707
27$1,016,842$334,419$25,421$657,001
28$1,067,684$353,231$26,692$687,761
29$1,121,068$372,983$28,027$720,058
30$1,177,121$393,723$29,428$753,971
Total$19,000,000$5,835,313$475,000$12,689,684

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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.