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Arizona Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 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 $465,000,000 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, Dec 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,547,787$174,973$4,276,157
2$7,348,863$2,677,267$183,722$4,487,875
3$7,716,306$2,813,221$192,908$4,710,178
4$8,102,122$2,955,973$202,553$4,943,596
5$8,507,228$3,105,862$212,681$5,188,685
6$8,932,589$3,263,246$223,315$5,446,029
7$9,379,219$3,428,499$234,480$5,716,240
8$9,848,180$3,602,014$246,204$5,999,961
9$10,340,589$3,784,206$258,515$6,297,868
10$10,857,618$3,975,506$271,440$6,610,671
11$11,400,499$4,176,372$285,012$6,939,114
12$11,970,524$4,387,282$299,263$7,283,979
13$12,569,050$4,608,736$314,226$7,646,087
14$13,197,503$4,841,264$329,938$8,026,301
15$13,857,378$5,085,417$346,434$8,425,526
16$14,550,247$5,341,779$363,756$8,844,711
17$15,277,759$5,610,958$381,944$9,284,856
18$16,041,647$5,893,597$401,041$9,747,009
19$16,843,729$6,190,367$421,093$10,232,268
20$17,685,916$6,501,977$442,148$10,741,791
21$18,570,211$6,829,166$464,255$11,276,790
22$19,498,722$7,172,715$487,468$11,838,539
23$20,473,658$7,533,441$511,841$12,428,375
24$21,497,341$7,912,204$537,434$13,047,703
25$22,572,208$8,309,905$564,305$13,697,998
26$23,700,818$8,727,491$592,520$14,380,807
27$24,885,859$9,165,956$622,146$15,097,757
28$26,130,152$9,626,344$653,254$15,850,554
29$27,436,660$10,109,752$685,916$16,640,991
30$28,808,493$10,617,330$720,212$17,470,950
Total$465,000,001$170,795,634$11,624,997$282,579,366

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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.