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Arizona Mega Millions Jackpot Annuity Payout Schedule for Dec 23, 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 $510,000,000 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, Dec 23, 2022
Jackpot:$510,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,676,232$2,798,394$191,906$4,685,933
2$8,060,044$2,940,404$201,501$4,918,139
3$8,463,046$3,089,515$211,576$5,161,955
4$8,886,198$3,246,081$222,155$5,417,962
5$9,330,508$3,410,476$233,263$5,686,769
6$9,797,033$3,583,090$244,926$5,969,017
7$10,286,885$3,764,335$257,172$6,265,378
8$10,801,229$3,954,643$270,031$6,576,556
9$11,341,291$4,154,465$283,532$6,903,293
10$11,908,355$4,364,279$297,709$7,246,367
11$12,503,773$4,584,584$312,594$7,606,595
12$13,128,962$4,815,904$328,224$7,984,834
13$13,785,410$5,058,789$344,635$8,381,985
14$14,474,680$5,313,819$361,867$8,798,994
15$15,198,414$5,581,601$379,960$9,236,853
16$15,958,335$5,862,772$398,958$9,696,605
17$16,756,251$6,158,001$418,906$10,179,344
18$17,594,064$6,467,991$439,852$10,686,221
19$18,473,767$6,793,482$461,844$11,218,441
20$19,397,456$7,135,246$484,936$11,777,273
21$20,367,328$7,494,099$509,183$12,364,046
22$21,385,695$7,870,895$534,642$12,980,158
23$22,454,980$8,266,530$561,374$13,627,075
24$23,577,728$8,681,947$589,443$14,306,338
25$24,756,615$9,118,135$618,915$15,019,564
26$25,994,446$9,576,133$649,861$15,768,452
27$27,294,168$10,057,030$682,354$16,554,784
28$28,658,876$10,561,972$716,472$17,380,432
29$30,091,820$11,092,161$752,296$18,247,363
30$31,596,411$11,648,860$789,910$19,157,641
Total$510,000,001$187,445,633$12,749,997$309,804,367

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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.