USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$122,293$2,996,533
2$5,136,302$1,863,387$128,408$3,144,508
3$5,393,117$1,958,408$134,828$3,299,881
4$5,662,773$2,058,181$141,569$3,463,023
5$5,945,912$2,162,942$148,648$3,634,322
6$6,243,207$2,272,942$156,080$3,814,185
7$6,555,368$2,388,441$163,884$4,003,043
8$6,883,136$2,509,715$172,078$4,201,342
9$7,227,293$2,637,053$180,682$4,409,557
10$7,588,658$2,770,758$189,716$4,628,183
11$7,968,091$2,911,149$199,202$4,857,740
12$8,366,495$3,058,558$209,162$5,098,775
13$8,784,820$3,213,338$219,620$5,351,861
14$9,224,061$3,375,858$230,602$5,617,602
15$9,685,264$3,546,503$242,132$5,896,630
16$10,169,527$3,725,680$254,238$6,189,609
17$10,678,003$3,913,816$266,950$6,497,237
18$11,211,904$4,111,359$280,298$6,820,247
19$11,772,499$4,318,780$294,312$7,159,407
20$12,361,124$4,536,571$309,028$7,515,525
21$12,979,180$4,765,252$324,479$7,889,449
22$13,628,139$5,005,366$340,703$8,282,069
23$14,309,546$5,257,487$357,739$8,694,320
24$15,025,023$5,522,214$375,626$9,127,184
25$15,776,274$5,800,176$394,407$9,581,691
26$16,565,088$6,092,038$414,127$10,058,923
27$17,393,343$6,398,492$434,834$10,560,017
28$18,263,009$6,720,268$456,575$11,086,166
29$19,176,160$7,058,134$479,404$11,638,622
30$20,134,968$7,412,893$503,374$12,218,701
Total$325,000,001$119,138,649$8,124,998$197,736,352

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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.