USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 2013

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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 $47,000,000 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:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$31,834$450,884
2$742,788$237,787$33,425$471,576
3$779,928$251,528$35,097$493,303
4$818,924$265,957$36,852$516,116
5$859,870$281,107$38,694$540,069
6$902,864$297,015$40,629$565,220
7$948,007$313,718$42,660$591,629
8$995,407$331,256$44,793$619,358
9$1,045,178$349,671$47,033$648,474
10$1,097,437$369,007$49,385$679,045
11$1,152,308$389,309$51,854$711,145
12$1,209,924$410,627$54,447$744,850
13$1,270,420$433,010$57,169$780,241
14$1,333,941$456,513$60,027$817,401
15$1,400,638$481,191$63,029$856,418
16$1,470,670$507,103$66,180$897,387
17$1,544,204$534,310$69,489$940,404
18$1,621,414$562,878$72,964$985,572
19$1,702,484$592,874$76,612$1,032,998
20$1,787,609$624,370$80,442$1,082,796
21$1,876,989$657,441$84,465$1,135,084
22$1,970,839$692,165$88,688$1,189,986
23$2,069,380$728,626$93,122$1,247,633
24$2,172,849$766,909$97,778$1,308,162
25$2,281,492$807,107$102,667$1,371,718
26$2,395,567$849,315$107,800$1,438,451
27$2,515,345$893,633$113,191$1,508,522
28$2,641,112$940,166$118,850$1,582,096
29$2,773,168$989,027$124,793$1,659,348
30$2,911,826$1,040,331$131,032$1,740,463
Total$47,000,000$16,278,650$2,115,001$28,606,349

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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.