USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 2002

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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 $56,000,000 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, Mar 22, 2002
Jackpot:$56,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$842,880$268,886$21,072$552,922
2$885,024$284,479$22,126$578,420
3$929,276$300,852$23,232$605,191
4$975,739$318,044$24,393$633,302
5$1,024,526$336,095$25,613$662,818
6$1,075,753$355,049$26,894$693,810
7$1,129,540$374,950$28,239$726,352
8$1,186,017$395,847$29,650$760,520
9$1,245,318$417,788$31,133$796,397
10$1,307,584$440,826$32,690$834,068
11$1,372,963$465,017$34,324$873,623
12$1,441,611$490,416$36,040$915,155
13$1,513,692$517,086$37,842$958,763
14$1,589,377$545,090$39,734$1,004,553
15$1,668,845$574,493$41,721$1,052,631
16$1,752,288$605,367$43,807$1,103,114
17$1,839,902$637,784$45,998$1,156,121
18$1,931,897$671,822$48,297$1,211,778
19$2,028,492$707,562$50,712$1,270,217
20$2,129,917$745,089$53,248$1,331,579
21$2,236,413$784,493$55,910$1,396,009
22$2,348,233$825,867$58,706$1,463,661
23$2,465,645$869,309$61,641$1,534,695
24$2,588,927$914,923$64,723$1,609,281
25$2,718,373$962,818$67,959$1,687,596
26$2,854,292$1,013,108$71,357$1,769,826
27$2,997,007$1,065,913$74,925$1,856,169
28$3,146,857$1,121,357$78,671$1,946,828
29$3,304,200$1,179,574$82,605$2,042,021
30$3,469,410$1,240,702$86,735$2,141,973
Total$56,000,000$19,430,606$1,399,997$35,169,393

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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.