USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Jun 18, 2024

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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 $61,000,000 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:Tue, Jun 18, 2024
Jackpot:$61,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$918,138$297,899$22,953$597,285
2$964,044$314,884$24,101$625,059
3$1,012,247$332,719$25,306$654,221
4$1,062,859$351,446$26,571$684,842
5$1,116,002$371,108$27,900$716,993
6$1,171,802$391,754$29,295$750,752
7$1,230,392$413,433$30,760$786,199
8$1,291,912$436,195$32,298$823,419
9$1,356,507$460,095$33,913$862,499
10$1,424,333$485,191$35,608$903,534
11$1,495,549$511,541$37,389$946,620
12$1,570,327$539,209$39,258$991,860
13$1,648,843$568,260$41,221$1,039,362
14$1,731,285$598,763$43,282$1,089,240
15$1,817,850$630,792$45,446$1,141,611
16$1,908,742$664,422$47,719$1,196,601
17$2,004,179$699,734$50,104$1,254,341
18$2,104,388$736,811$52,610$1,314,967
19$2,209,607$775,743$55,240$1,378,625
20$2,320,088$816,620$58,002$1,445,465
21$2,436,092$859,542$60,902$1,515,648
22$2,557,897$904,610$63,947$1,589,340
23$2,685,792$951,931$67,145$1,666,716
24$2,820,081$1,001,618$70,502$1,747,961
25$2,961,085$1,053,789$74,027$1,833,269
26$3,109,140$1,108,569$77,728$1,922,842
27$3,264,597$1,166,088$81,615$2,016,893
28$3,427,826$1,226,484$85,696$2,115,647
29$3,599,218$1,289,898$89,980$2,219,339
30$3,779,179$1,356,484$94,479$2,328,215
Total$61,000,000$21,315,632$1,524,997$38,159,365

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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.