USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,517,788$578,351$14,037,916
2$24,290,759$8,945,768$607,269$14,737,721
3$25,505,296$9,395,147$637,632$15,472,516
4$26,780,562$9,866,996$669,514$16,244,052
5$28,119,589$10,362,436$702,990$17,054,163
6$29,525,569$10,882,648$738,139$17,904,781
7$31,001,848$11,428,871$775,046$18,797,930
8$32,551,940$12,002,406$813,799$19,735,736
9$34,179,537$12,604,616$854,488$20,720,432
10$35,888,513$13,236,938$897,213$21,754,363
11$37,682,939$13,900,875$942,073$22,839,991
12$39,567,086$14,598,010$989,177$23,979,899
13$41,545,440$15,330,001$1,038,636$25,176,804
14$43,622,713$16,098,592$1,090,568$26,433,554
15$45,803,848$16,905,612$1,145,096$27,753,140
16$48,094,041$17,752,983$1,202,351$29,138,707
17$50,498,742$18,642,722$1,262,469$30,593,551
18$53,023,680$19,576,949$1,325,592$32,121,138
19$55,674,863$20,557,887$1,391,872$33,725,104
20$58,458,607$21,587,872$1,461,465$35,409,269
21$61,381,537$22,669,356$1,534,538$37,177,642
22$64,450,614$23,804,915$1,611,265$39,034,434
23$67,673,145$24,997,251$1,691,829$40,984,065
24$71,056,801$26,249,204$1,776,420$43,031,177
25$74,609,641$27,563,755$1,865,241$45,180,645
26$78,340,125$28,944,034$1,958,503$47,437,588
27$82,257,131$30,393,326$2,056,428$49,807,376
28$86,369,986$31,915,083$2,159,250$52,295,654
29$90,688,486$33,512,927$2,267,212$54,908,346
30$95,222,911$35,190,665$2,380,573$57,651,673
Total$1,537,000,003$567,435,633$38,424,999$931,139,367

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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.