USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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The tax information provided here is based on 2022 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 $31,000,000 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 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$137,061$11,665$317,869
2$489,924$145,226$12,248$332,450
3$514,420$153,800$12,861$347,760
4$540,141$162,807$13,504$363,831
5$567,149$172,800$14,179$380,170
6$595,506$183,292$14,888$397,326
7$625,281$194,309$15,632$415,340
8$656,545$205,877$16,414$434,255
9$689,373$218,023$17,234$454,115
10$723,841$230,776$18,096$474,969
11$760,033$244,167$19,001$496,865
12$798,035$258,228$19,951$519,856
13$837,937$272,992$20,948$543,997
14$879,834$288,493$21,996$569,344
15$923,825$304,770$23,096$595,959
16$970,016$321,861$24,250$623,905
17$1,018,517$339,806$25,463$653,248
18$1,069,443$358,649$26,736$684,058
19$1,122,915$378,434$28,073$716,409
20$1,179,061$399,208$29,477$750,377
21$1,238,014$421,020$30,950$786,044
22$1,299,915$443,923$32,498$823,493
23$1,364,911$467,972$34,123$862,816
24$1,433,156$493,223$35,829$904,104
25$1,504,814$519,736$37,620$947,457
26$1,580,055$547,575$39,501$992,978
27$1,659,057$576,806$41,476$1,040,775
28$1,742,010$607,499$43,550$1,090,961
29$1,829,111$639,726$45,728$1,143,657
30$1,920,566$673,564$48,014$1,198,988
Total$31,000,000$10,361,623$775,001$19,863,376

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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.