USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 2021

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 $625,000,000 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, Jan 12, 2021
Jackpot:$625,000,000
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$9,407,147$3,444,717$564,429$5,398,001
2$9,877,504$3,618,749$592,650$5,666,105
3$10,371,379$3,801,483$622,283$5,947,614
4$10,889,949$3,993,353$653,397$6,243,199
5$11,434,446$4,194,817$686,067$6,553,562
6$12,006,168$4,406,354$720,370$6,879,444
7$12,606,477$4,628,469$756,389$7,221,620
8$13,236,801$4,861,688$794,208$7,580,904
9$13,898,641$5,106,569$833,918$7,958,153
10$14,593,573$5,363,694$875,614$8,354,264
11$15,323,251$5,633,675$919,395$8,770,181
12$16,089,414$5,917,155$965,365$9,206,894
13$16,893,884$6,214,809$1,013,633$9,665,442
14$17,738,579$6,527,346$1,064,315$10,146,918
15$18,625,508$6,855,510$1,117,530$10,652,467
16$19,556,783$7,200,082$1,173,407$11,183,294
17$20,534,622$7,561,882$1,232,077$11,740,662
18$21,561,353$7,941,773$1,293,681$12,325,899
19$22,639,421$8,340,658$1,358,365$12,940,398
20$23,771,392$8,759,487$1,426,284$13,585,621
21$24,959,961$9,199,258$1,497,598$14,263,106
22$26,207,959$9,661,017$1,572,478$14,974,465
23$27,518,358$10,145,865$1,651,101$15,721,392
24$28,894,275$10,654,954$1,733,657$16,505,665
25$30,338,989$11,189,498$1,820,339$17,329,151
26$31,855,939$11,750,770$1,911,356$18,193,813
27$33,448,736$12,340,104$2,006,924$19,101,707
28$35,121,172$12,958,906$2,107,270$20,054,996
29$36,877,231$13,608,648$2,212,634$21,055,949
30$38,721,093$14,290,876$2,323,266$22,106,950
Total$625,000,001$230,172,166$37,499,999$357,327,835

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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.