USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Apr 3, 2020

For a non-Arizona resident

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The tax information provided here is based on 2021 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 $121,000,000 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, Apr 3, 2020
Jackpot:$121,000,000
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$1,821,224$637,925$109,273$1,074,025
2$1,912,285$671,618$114,737$1,125,930
3$2,007,899$706,995$120,474$1,180,430
4$2,108,294$744,141$126,498$1,237,655
5$2,213,709$783,144$132,823$1,297,742
6$2,324,394$824,098$139,464$1,360,832
7$2,440,614$867,099$146,437$1,427,078
8$2,562,645$912,251$153,759$1,496,635
9$2,690,777$959,660$161,447$1,569,671
10$2,825,316$1,009,439$169,519$1,646,358
11$2,966,581$1,061,707$177,995$1,726,879
12$3,114,911$1,116,589$186,895$1,811,427
13$3,270,656$1,174,215$196,239$1,900,202
14$3,434,189$1,234,722$206,051$1,993,415
15$3,605,898$1,298,255$216,354$2,091,290
16$3,786,193$1,364,964$227,172$2,194,058
17$3,975,503$1,435,008$238,530$2,301,964
18$4,174,278$1,508,555$250,457$2,415,266
19$4,382,992$1,585,779$262,980$2,534,233
20$4,602,141$1,666,865$276,128$2,659,148
21$4,832,248$1,752,004$289,935$2,790,309
22$5,073,861$1,841,401$304,432$2,928,028
23$5,327,554$1,935,267$319,653$3,072,634
24$5,593,932$2,033,827$335,636$3,224,469
25$5,873,628$2,137,315$352,418$3,383,896
26$6,167,310$2,245,977$370,039$3,551,294
27$6,475,675$2,360,072$388,541$3,727,063
28$6,799,459$2,479,872$407,968$3,911,619
29$7,139,432$2,605,662$428,366$4,105,404
30$7,496,404$2,737,742$449,784$4,308,878
Total$121,000,000$43,692,168$7,260,004$70,047,832

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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.