USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,935,194$133,581$3,274,484
2$5,610,422$2,034,044$140,261$3,436,118
3$5,890,943$2,137,837$147,274$3,605,833
4$6,185,491$2,246,819$154,637$3,784,034
5$6,494,765$2,361,251$162,369$3,971,145
6$6,819,503$2,481,404$170,488$4,167,612
7$7,160,479$2,607,565$179,012$4,373,902
8$7,518,503$2,740,034$187,963$4,590,506
9$7,894,428$2,879,126$197,361$4,817,941
10$8,289,149$3,025,173$207,229$5,056,748
11$8,703,607$3,178,522$217,590$5,307,494
12$9,138,787$3,339,539$228,470$5,570,778
13$9,595,726$3,508,606$239,893$5,847,227
14$10,075,513$3,686,127$251,888$6,137,497
15$10,579,288$3,872,524$264,482$6,442,282
16$11,108,253$4,068,241$277,706$6,762,305
17$11,663,665$4,273,744$291,592$7,098,330
18$12,246,849$4,489,522$306,171$7,451,156
19$12,859,191$4,716,088$321,480$7,821,623
20$13,502,151$4,953,983$337,554$8,210,613
21$14,177,258$5,203,773$354,431$8,619,053
22$14,886,121$5,466,052$372,153$9,047,915
23$15,630,427$5,741,446$390,761$9,498,221
24$16,411,948$6,030,609$410,299$9,971,041
25$17,232,546$6,334,230$430,814$10,467,502
26$18,094,173$6,653,032$452,354$10,988,787
27$18,998,882$6,987,774$474,972$11,536,136
28$19,948,826$7,339,253$498,721$12,110,852
29$20,946,267$7,708,307$523,657$12,714,304
30$21,993,581$8,095,813$549,840$13,347,928
Total$355,000,001$130,095,632$8,875,003$216,029,367

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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.