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Arizona Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 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 $259,000,000 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, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$97,458$2,395,530
2$4,093,238$1,477,453$102,331$2,513,454
3$4,297,900$1,553,178$107,447$2,637,274
4$4,512,795$1,632,689$112,820$2,767,286
5$4,738,434$1,716,176$118,461$2,903,798
6$4,975,356$1,803,837$124,384$3,047,135
7$5,224,124$1,895,881$130,603$3,197,640
8$5,485,330$1,992,527$137,133$3,355,670
9$5,759,597$2,094,006$143,990$3,521,601
10$6,047,576$2,200,558$151,189$3,695,829
11$6,349,955$2,312,438$158,749$3,878,768
12$6,667,453$2,429,913$166,686$4,070,854
13$7,000,826$2,553,261$175,021$4,272,545
14$7,350,867$2,682,776$183,772$4,484,320
15$7,718,410$2,818,767$192,960$4,706,683
16$8,104,331$2,961,557$202,608$4,940,165
17$8,509,547$3,111,488$212,739$5,185,321
18$8,935,025$3,268,914$223,376$5,442,735
19$9,381,776$3,434,212$234,544$5,713,019
20$9,850,865$3,607,775$246,272$5,996,818
21$10,343,408$3,790,016$258,585$6,294,807
22$10,860,578$3,981,369$271,514$6,607,695
23$11,403,607$4,182,290$285,090$6,936,227
24$11,973,788$4,393,256$299,345$7,281,186
25$12,572,477$4,614,771$314,312$7,643,394
26$13,201,101$4,847,362$330,028$8,023,711
27$13,861,156$5,091,583$346,529$8,423,044
28$14,554,214$5,348,014$363,855$8,842,344
29$15,281,924$5,617,267$382,048$9,282,609
30$16,046,021$5,899,983$401,151$9,744,888
Total$259,000,001$94,718,651$6,475,000$157,806,350

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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.