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Arizona Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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:Fri, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$503,094$12,211,925
2$21,129,957$7,781,039$528,249$12,820,669
3$22,186,455$8,171,943$554,661$13,459,850
4$23,295,778$8,582,393$582,394$14,130,991
5$24,460,566$9,013,364$611,514$14,835,687
6$25,683,595$9,465,885$642,090$15,575,620
7$26,967,775$9,941,032$674,194$16,352,549
8$28,316,164$10,439,936$707,904$17,168,324
9$29,731,972$10,963,785$743,299$18,024,888
10$31,218,570$11,513,826$780,464$18,924,280
11$32,779,499$12,091,370$819,487$19,868,642
12$34,418,474$12,697,790$860,462$20,860,222
13$36,139,397$13,334,532$903,485$21,901,380
14$37,946,368$14,003,111$948,659$22,994,597
15$39,843,686$14,705,119$996,092$24,142,475
16$41,835,870$15,442,227$1,045,897$25,347,747
17$43,927,663$16,216,190$1,098,192$26,613,281
18$46,124,047$17,028,852$1,153,101$27,942,093
19$48,430,249$17,882,147$1,210,756$29,337,345
20$50,851,761$18,778,107$1,271,294$30,802,361
21$53,394,349$19,718,864$1,334,859$32,340,626
22$56,064,067$20,706,660$1,401,602$33,955,805
23$58,867,270$21,743,845$1,471,682$35,651,744
24$61,810,633$22,832,889$1,545,266$37,432,478
25$64,901,165$23,976,386$1,622,529$39,302,250
26$68,146,224$25,177,058$1,703,656$41,265,511
27$71,553,535$26,437,763$1,788,838$43,326,934
28$75,131,211$27,761,503$1,878,280$45,491,428
29$78,887,772$29,151,431$1,972,194$47,764,147
30$82,832,161$30,610,855$2,070,804$50,150,502
Total$1,337,000,003$493,578,651$33,424,998$809,996,351

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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.