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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 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 $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 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$7,403,982$503,094$12,216,692
2$21,129,957$7,776,272$528,249$12,825,436
3$22,186,455$8,167,176$554,661$13,464,617
4$23,295,778$8,577,626$582,394$14,135,758
5$24,460,566$9,008,597$611,514$14,840,455
6$25,683,595$9,461,118$642,090$15,580,387
7$26,967,775$9,936,265$674,194$16,357,316
8$28,316,164$10,435,168$707,904$17,173,091
9$29,731,972$10,959,017$743,299$18,029,655
10$31,218,570$11,509,059$780,464$18,929,047
11$32,779,499$12,086,602$819,487$19,873,409
12$34,418,474$12,693,023$860,462$20,864,989
13$36,139,397$13,329,765$903,485$21,906,148
14$37,946,368$13,998,344$948,659$22,999,365
15$39,843,686$14,700,351$996,092$24,147,242
16$41,835,870$15,437,460$1,045,897$25,352,514
17$43,927,663$16,211,423$1,098,192$26,618,048
18$46,124,047$17,024,085$1,153,101$27,946,860
19$48,430,249$17,877,380$1,210,756$29,342,113
20$50,851,761$18,773,340$1,271,294$30,807,128
21$53,394,349$19,714,097$1,334,859$32,345,393
22$56,064,067$20,701,892$1,401,602$33,960,573
23$58,867,270$21,739,078$1,471,682$35,656,511
24$61,810,633$22,828,122$1,545,266$37,437,245
25$64,901,165$23,971,619$1,622,529$39,307,017
26$68,146,224$25,172,291$1,703,656$41,270,278
27$71,553,535$26,432,996$1,788,838$43,331,701
28$75,131,211$27,756,736$1,878,280$45,496,195
29$78,887,772$29,146,663$1,972,194$47,768,914
30$82,832,161$30,606,087$2,070,804$50,155,270
Total$1,337,000,003$493,435,634$33,424,998$810,139,367

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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.