USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 11, 2013

For a non-Arizona resident

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The tax information provided here is based on 2022 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 $55,000,000 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 prize money, as well as deductions claimed.

State:

Arizona

Drawing Date:Fri, Jan 11, 2013
Jackpot:$55,000,000
Federal Tax:37% marginal rate
State Tax: 6% (non-resident tax rate)
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$269,252$49,670$508,907
2$869,220$284,567$52,153$532,501
3$912,681$300,647$54,761$557,273
4$958,315$317,532$57,499$583,285
5$1,006,231$335,261$60,374$610,597
6$1,056,543$353,876$63,393$639,274
7$1,109,370$373,422$66,562$669,386
8$1,164,838$393,945$69,890$701,003
9$1,223,080$415,495$73,385$734,201
10$1,284,234$438,122$77,054$769,059
11$1,348,446$461,880$80,907$805,659
12$1,415,868$486,826$84,952$844,090
13$1,486,662$513,020$89,200$884,442
14$1,560,995$540,523$93,660$926,812
15$1,639,045$569,402$98,343$971,300
16$1,720,997$599,724$103,260$1,018,013
17$1,807,047$631,562$108,423$1,067,062
18$1,897,399$664,993$113,844$1,118,562
19$1,992,269$700,095$119,536$1,172,638
20$2,091,882$736,952$125,513$1,229,418
21$2,196,477$775,651$131,789$1,289,037
22$2,306,300$816,286$138,378$1,351,636
23$2,421,615$858,953$145,297$1,417,366
24$2,542,696$903,753$152,562$1,486,382
25$2,669,831$950,792$160,190$1,558,849
26$2,803,323$1,000,184$168,199$1,634,939
27$2,943,489$1,052,046$176,609$1,714,834
28$3,090,663$1,106,500$185,440$1,798,723
29$3,245,196$1,163,678$194,712$1,886,807
30$3,407,456$1,223,714$204,447$1,979,295
Total$55,000,000$19,238,653$3,300,002$32,461,350

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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.