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Arizona Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$89,556$2,204,301
2$3,761,354$1,354,656$94,034$2,312,664
3$3,949,421$1,424,241$98,736$2,426,445
4$4,146,892$1,497,305$103,672$2,545,915
5$4,354,237$1,574,023$108,856$2,671,358
6$4,571,949$1,654,576$114,299$2,803,074
7$4,800,546$1,739,157$120,014$2,941,376
8$5,040,574$1,827,967$126,014$3,086,592
9$5,292,602$1,921,218$132,315$3,239,069
10$5,557,232$2,019,131$138,931$3,399,171
11$5,835,094$2,121,940$145,877$3,567,277
12$6,126,849$2,229,889$153,171$3,743,788
13$6,433,191$2,343,236$160,830$3,929,126
14$6,754,851$2,462,250$168,871$4,123,730
15$7,092,593$2,587,215$177,315$4,328,064
16$7,447,223$2,718,428$186,181$4,542,615
17$7,819,584$2,856,201$195,490$4,767,893
18$8,210,563$3,000,863$205,264$5,004,436
19$8,621,091$3,152,759$215,527$5,252,805
20$9,052,146$3,312,249$226,304$5,513,593
21$9,504,753$3,479,714$237,619$5,787,421
22$9,979,991$3,655,552$249,500$6,074,940
23$10,478,991$3,840,181$261,975$6,376,834
24$11,002,940$4,034,043$275,073$6,693,824
25$11,553,087$4,237,597$288,827$7,026,663
26$12,130,741$4,451,329$303,269$7,376,144
27$12,737,279$4,675,748$318,432$7,743,099
28$13,374,142$4,911,388$334,354$8,128,401
29$14,042,849$5,158,809$351,071$8,532,969
30$14,744,992$5,418,602$368,625$8,957,765
Total$238,000,000$86,948,651$5,950,002$145,101,352

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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.