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Arizona Mega Millions Jackpot Annuity Payout Schedule for Jul 22, 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 $660,000,000 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, Jul 22, 2022
Jackpot:$660,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,933,947$3,633,748$248,349$6,051,850
2$10,430,645$3,817,526$260,766$6,352,352
3$10,952,177$4,010,493$273,804$6,667,879
4$11,499,786$4,213,109$287,495$6,999,183
5$12,074,775$4,425,854$301,869$7,347,051
6$12,678,514$4,649,238$316,963$7,712,313
7$13,312,440$4,883,790$332,811$8,095,838
8$13,978,061$5,130,070$349,452$8,498,539
9$14,676,965$5,388,665$366,924$8,921,376
10$15,410,813$5,660,188$385,270$9,365,354
11$16,181,353$5,945,288$404,534$9,831,531
12$16,990,421$6,244,643$424,761$10,321,017
13$17,839,942$6,558,966$445,999$10,834,977
14$18,731,939$6,889,005$468,298$11,374,635
15$19,668,536$7,235,546$491,713$11,941,276
16$20,651,963$7,599,414$516,299$12,536,250
17$21,684,561$7,981,475$542,114$13,160,971
18$22,768,789$8,382,640$569,220$13,816,930
19$23,907,228$8,803,862$597,681$14,505,685
20$25,102,590$9,246,146$627,565$15,228,879
21$26,357,719$9,710,544$658,943$15,988,232
22$27,675,605$10,198,162$691,890$16,785,553
23$29,059,386$10,710,160$726,485$17,622,740
24$30,512,354$11,247,759$762,809$18,501,787
25$32,037,972$11,812,237$800,949$19,424,785
26$33,639,871$12,404,940$840,997$20,393,934
27$35,321,865$13,027,278$883,047$21,411,540
28$37,087,958$13,680,732$927,199$22,480,027
29$38,942,356$14,366,859$973,559$23,601,937
30$40,889,474$15,087,293$1,022,237$24,779,944
Total$660,000,001$242,945,630$16,500,002$400,554,365

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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.