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Arizona Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2022

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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 $87,000,000 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, Nov 1, 2022
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$442,693$32,737$834,045
2$1,374,949$466,919$34,374$873,656
3$1,443,696$492,355$36,092$915,248
4$1,515,881$519,064$37,897$958,920
5$1,591,675$547,107$39,792$1,004,776
6$1,671,259$576,553$41,781$1,052,924
7$1,754,822$607,472$43,871$1,103,479
8$1,842,563$639,936$46,064$1,156,563
9$1,934,691$674,023$48,367$1,212,300
10$2,031,425$709,815$50,786$1,270,825
11$2,132,997$747,396$53,325$1,332,275
12$2,239,646$786,857$55,991$1,396,798
13$2,351,629$828,290$58,791$1,464,548
14$2,469,210$871,796$61,730$1,535,684
15$2,592,671$917,476$64,817$1,610,378
16$2,722,304$965,440$68,058$1,688,806
17$2,858,419$1,015,803$71,460$1,771,156
18$3,001,340$1,068,684$75,034$1,857,623
19$3,151,407$1,124,208$78,785$1,948,414
20$3,308,978$1,182,510$82,724$2,043,744
21$3,474,427$1,243,726$86,861$2,143,840
22$3,648,148$1,308,002$91,204$2,248,942
23$3,830,555$1,375,493$95,764$2,359,298
24$4,022,083$1,446,358$100,552$2,475,173
25$4,223,187$1,520,767$105,580$2,596,841
26$4,434,347$1,598,896$110,859$2,724,592
27$4,656,064$1,680,931$116,402$2,858,731
28$4,888,867$1,767,069$122,222$2,999,577
29$5,133,311$1,857,513$128,333$3,147,465
30$5,389,976$1,952,479$134,749$3,302,748
Total$87,000,000$30,935,631$2,175,002$53,889,369

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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.