USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 1999

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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 $18,000,000 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, Jan 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$6,773$198,954
2$284,472$69,940$7,112$207,420
3$298,696$74,918$7,467$216,310
4$313,631$80,145$7,841$225,644
5$329,312$85,634$8,233$235,445
6$345,778$91,397$8,644$245,736
7$363,067$97,448$9,077$256,542
8$381,220$103,802$9,530$267,888
9$400,281$110,473$10,007$279,801
10$420,295$117,478$10,507$292,310
11$441,310$124,833$11,033$305,444
12$463,375$132,556$11,584$319,235
13$486,544$140,665$12,164$333,715
14$510,871$149,180$12,772$348,920
15$536,415$158,120$13,410$364,884
16$563,235$167,507$14,081$381,647
17$591,397$177,364$14,785$399,248
18$620,967$187,946$15,524$417,497
19$652,015$199,433$16,300$436,282
20$684,616$211,496$17,115$456,005
21$718,847$224,161$17,971$476,715
22$754,789$237,460$18,870$498,460
23$792,529$251,423$19,813$521,292
24$832,155$266,085$20,804$545,266
25$873,763$281,480$21,844$570,439
26$917,451$297,645$22,936$596,870
27$963,324$314,617$24,083$624,623
28$1,011,490$332,439$25,287$653,764
29$1,062,064$351,152$26,552$684,361
30$1,115,167$370,800$27,879$716,489
Total$18,000,000$5,472,796$449,998$12,077,206

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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.