USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Aug 25, 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 $57,000,000 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, Aug 25, 2020
Jackpot:$57,000,000
Federal Tax:37% marginal rate
State Tax: 6% (For a non-Arizona resident)
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$857,932$281,507$51,476$524,949
2$900,828$297,379$54,050$549,400
3$945,870$314,044$56,752$575,074
4$993,163$331,543$59,590$602,031
5$1,042,821$349,916$62,569$630,336
6$1,094,963$369,208$65,698$660,056
7$1,149,711$389,465$68,983$691,263
8$1,207,196$410,735$72,432$724,030
9$1,267,556$433,068$76,053$758,435
10$1,330,934$456,518$79,856$794,560
11$1,397,481$481,140$83,849$832,492
12$1,467,355$506,993$88,041$872,320
13$1,540,722$534,139$92,443$914,139
14$1,617,758$562,643$97,066$958,050
15$1,698,646$592,571$101,919$1,004,156
16$1,783,579$623,996$107,015$1,052,568
17$1,872,758$656,993$112,365$1,103,400
18$1,966,395$691,639$117,984$1,156,773
19$2,064,715$728,017$123,883$1,212,815
20$2,167,951$766,214$130,077$1,271,660
21$2,276,348$806,321$136,581$1,333,446
22$2,390,166$848,434$143,410$1,398,322
23$2,509,674$892,652$150,580$1,466,442
24$2,635,158$939,081$158,109$1,537,968
25$2,766,916$987,831$166,015$1,613,070
26$2,905,262$1,039,019$174,316$1,691,927
27$3,050,525$1,092,766$183,031$1,774,727
28$3,203,051$1,149,201$192,183$1,861,667
29$3,363,203$1,208,458$201,792$1,952,954
30$3,531,364$1,270,677$211,882$2,048,805
Total$57,000,000$20,012,168$3,420,000$33,567,835

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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.