USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for May 21, 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 $516,000,000 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, May 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,831,808$194,164$4,740,569
2$8,154,868$2,975,489$203,872$4,975,507
3$8,562,611$3,126,354$214,065$5,222,192
4$8,990,742$3,284,762$224,769$5,481,211
5$9,440,278$3,451,091$236,007$5,753,181
6$9,912,292$3,625,736$247,807$6,038,749
7$10,407,907$3,809,113$260,198$6,338,596
8$10,928,303$4,001,660$273,208$6,653,435
9$11,474,718$4,203,833$286,868$6,984,016
10$12,048,453$4,416,116$301,211$7,331,127
11$12,650,876$4,639,012$316,272$7,695,592
12$13,283,420$4,873,053$332,085$8,078,281
13$13,947,591$5,118,796$348,690$8,480,105
14$14,644,971$5,376,827$366,124$8,902,019
15$15,377,219$5,647,759$384,430$9,345,030
16$16,146,080$5,932,237$403,652$9,810,191
17$16,953,384$6,230,940$423,835$10,298,609
18$17,801,053$6,544,577$445,026$10,811,449
19$18,691,106$6,873,897$467,278$11,349,931
20$19,625,661$7,219,682$490,642$11,915,337
21$20,606,944$7,582,757$515,174$12,509,013
22$21,637,291$7,963,986$540,932$13,132,373
23$22,719,156$8,364,275$567,979$13,786,902
24$23,855,113$8,784,580$596,378$14,474,156
25$25,047,869$9,225,899$626,197$15,195,773
26$26,300,263$9,689,285$657,507$15,953,471
27$27,615,276$10,175,840$690,382$16,749,054
28$28,996,040$10,686,722$724,901$17,584,416
29$30,445,842$11,223,149$761,146$18,461,546
30$31,968,134$11,786,397$799,203$19,382,533
Total$516,000,001$189,665,632$12,900,002$313,434,364

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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.