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Arizona Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$542,936$39,510$997,955
2$1,659,421$572,173$41,486$1,045,762
3$1,742,392$602,873$43,560$1,095,959
4$1,829,511$635,107$45,738$1,148,667
5$1,920,987$668,953$48,025$1,204,009
6$2,017,036$704,491$50,426$1,262,119
7$2,117,888$741,806$52,947$1,323,135
8$2,223,783$780,987$55,595$1,387,201
9$2,334,972$822,127$58,374$1,454,470
10$2,451,720$865,324$61,293$1,525,103
11$2,574,306$910,681$64,358$1,599,268
12$2,703,022$958,306$67,576$1,677,140
13$2,838,173$1,008,312$70,954$1,758,907
14$2,980,081$1,060,818$74,502$1,844,761
15$3,129,085$1,115,949$78,227$1,934,909
16$3,285,540$1,173,837$82,138$2,029,564
17$3,449,816$1,234,620$86,245$2,128,951
18$3,622,307$1,298,441$90,558$2,233,308
19$3,803,423$1,365,454$95,086$2,342,883
20$3,993,594$1,435,817$99,840$2,457,937
21$4,193,273$1,509,699$104,832$2,578,743
22$4,402,937$1,587,275$110,073$2,705,589
23$4,623,084$1,668,729$115,577$2,838,778
24$4,854,238$1,754,256$121,356$2,978,626
25$5,096,950$1,844,059$127,424$3,125,467
26$5,351,798$1,938,353$133,795$3,279,650
27$5,619,388$2,037,361$140,485$3,441,542
28$5,900,357$2,141,320$147,509$3,611,528
29$6,195,375$2,250,476$154,884$3,790,014
30$6,505,144$2,365,091$162,629$3,977,424
Total$105,000,000$37,595,631$2,625,002$64,779,369

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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.