USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Aug 27, 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 $582,000,000 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, Aug 27, 2024
Jackpot:$582,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,759,935$3,199,364$218,998$5,341,573
2$9,197,932$3,361,423$229,948$5,606,561
3$9,657,828$3,531,584$241,446$5,884,798
4$10,140,720$3,710,254$253,518$6,176,948
5$10,647,756$3,897,857$266,194$6,483,704
6$11,180,144$4,094,841$279,504$6,805,799
7$11,739,151$4,301,674$293,479$7,143,999
8$12,326,109$4,518,848$308,153$7,499,108
9$12,942,414$4,746,881$323,560$7,871,973
10$13,589,535$4,986,316$339,738$8,263,481
11$14,269,012$5,237,722$356,725$8,674,564
12$14,982,462$5,501,699$374,562$9,106,202
13$15,731,585$5,778,874$393,290$9,559,421
14$16,518,165$6,069,909$412,954$10,035,302
15$17,344,073$6,375,495$433,602$10,534,976
16$18,211,276$6,696,360$455,282$11,059,634
17$19,121,840$7,033,269$478,046$11,610,525
18$20,077,932$7,387,023$501,948$12,188,961
19$21,081,828$7,758,464$527,046$12,796,318
20$22,135,920$8,148,478$553,398$13,434,044
21$23,242,716$8,557,993$581,068$14,103,655
22$24,404,852$8,987,983$610,121$14,806,748
23$25,625,095$9,439,473$640,627$15,544,994
24$26,906,349$9,913,537$672,659$16,320,153
25$28,251,666$10,411,304$706,292$17,134,070
26$29,664,250$10,933,960$741,606$17,988,684
27$31,147,463$11,482,749$778,687$18,886,027
28$32,704,835$12,058,977$817,621$19,828,238
29$34,340,077$12,664,016$858,502$20,817,559
30$36,057,081$13,299,308$901,427$21,856,346
Total$582,000,001$214,085,635$14,550,001$353,364,365

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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.