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Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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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 $401,000,000 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:Fri, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$150,891$3,693,366
2$6,337,407$2,303,028$158,435$3,875,943
3$6,654,277$2,420,270$166,357$4,067,650
4$6,986,991$2,543,374$174,675$4,268,942
5$7,336,340$2,672,634$183,409$4,480,298
6$7,703,157$2,808,356$192,579$4,702,223
7$8,088,316$2,950,865$202,208$4,935,243
8$8,492,731$3,100,498$212,318$5,179,915
9$8,917,368$3,257,614$222,934$5,436,820
10$9,363,236$3,422,585$234,081$5,706,570
11$9,831,398$3,595,805$245,785$5,989,808
12$10,322,968$3,777,686$258,074$6,287,208
13$10,839,116$3,968,661$270,978$6,599,478
14$11,381,072$4,169,184$284,527$6,927,361
15$11,950,126$4,379,734$298,753$7,271,638
16$12,547,632$4,600,812$313,691$7,633,130
17$13,175,013$4,832,943$329,375$8,012,695
18$13,833,764$5,076,680$345,844$8,411,240
19$14,525,452$5,332,605$363,136$8,829,711
20$15,251,725$5,601,326$381,293$9,269,106
21$16,014,311$5,883,483$400,358$9,730,470
22$16,815,027$6,179,748$420,376$10,214,903
23$17,655,778$6,490,826$441,394$10,723,558
24$18,538,567$6,817,457$463,464$11,257,645
25$19,465,495$7,160,421$486,637$11,818,437
26$20,438,770$7,520,533$510,969$12,407,268
27$21,460,709$7,898,650$536,518$13,025,541
28$22,533,744$8,295,673$563,344$13,674,727
29$23,660,431$8,712,547$591,511$14,356,373
30$24,843,453$9,150,265$621,086$15,072,101
Total$401,000,001$147,115,632$10,025,000$243,859,368

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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.