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 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 $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 prize 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$1,939,961$133,581$3,269,717
2$5,610,422$2,038,811$140,261$3,431,351
3$5,890,943$2,142,604$147,274$3,601,066
4$6,185,491$2,251,587$154,637$3,779,267
5$6,494,765$2,366,018$162,369$3,966,378
6$6,819,503$2,486,171$170,488$4,162,845
7$7,160,479$2,612,332$179,012$4,369,135
8$7,518,503$2,744,801$187,963$4,585,739
9$7,894,428$2,883,893$197,361$4,813,174
10$8,289,149$3,029,940$207,229$5,051,980
11$8,703,607$3,183,289$217,590$5,302,727
12$9,138,787$3,344,306$228,470$5,566,011
13$9,595,726$3,513,374$239,893$5,842,459
14$10,075,513$3,690,895$251,888$6,132,730
15$10,579,288$3,877,292$264,482$6,437,514
16$11,108,253$4,073,009$277,706$6,757,538
17$11,663,665$4,278,511$291,592$7,093,562
18$12,246,849$4,494,289$306,171$7,446,388
19$12,859,191$4,720,856$321,480$7,816,856
20$13,502,151$4,958,751$337,554$8,205,846
21$14,177,258$5,208,540$354,431$8,614,286
22$14,886,121$5,470,820$372,153$9,043,148
23$15,630,427$5,746,213$390,761$9,493,453
24$16,411,948$6,035,376$410,299$9,966,274
25$17,232,546$6,338,997$430,814$10,462,735
26$18,094,173$6,657,799$452,354$10,984,020
27$18,998,882$6,992,541$474,972$11,531,369
28$19,948,826$7,344,020$498,721$12,106,085
29$20,946,267$7,713,074$523,657$12,709,537
30$21,993,581$8,100,580$549,840$13,343,161
Total$355,000,001$130,238,650$8,875,003$215,886,351

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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.