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Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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:Tue, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,084,122$413,914$10,058,542
2$17,384,408$6,390,419$434,610$10,559,379
3$18,253,628$6,712,030$456,341$11,085,257
4$19,166,310$7,049,722$479,158$11,637,430
5$20,124,624$7,404,299$503,116$12,217,210
6$21,130,856$7,776,604$528,271$12,825,980
7$22,187,399$8,167,525$554,685$13,465,189
8$23,296,769$8,577,992$582,419$14,136,358
9$24,461,608$9,008,983$611,540$14,841,085
10$25,684,688$9,461,522$642,117$15,581,048
11$26,968,922$9,936,689$674,223$16,358,010
12$28,317,368$10,435,614$707,934$17,173,820
13$29,733,237$10,959,485$743,331$18,030,420
14$31,219,899$11,509,550$780,497$18,929,851
15$32,780,893$12,087,118$819,522$19,874,253
16$34,419,938$12,693,565$860,498$20,865,875
17$36,140,935$13,330,334$903,523$21,907,078
18$37,947,982$13,998,941$948,700$23,000,341
19$39,845,380$14,700,978$996,135$24,148,267
20$41,837,650$15,438,118$1,045,941$25,353,590
21$43,929,532$16,212,115$1,098,238$26,619,179
22$46,126,009$17,024,811$1,153,150$27,948,047
23$48,432,309$17,878,142$1,210,808$29,343,359
24$50,853,924$18,774,140$1,271,348$30,808,436
25$53,396,620$19,714,937$1,334,916$32,346,767
26$56,066,452$20,702,775$1,401,661$33,962,016
27$58,869,775$21,740,004$1,471,744$35,658,026
28$61,813,263$22,829,095$1,545,332$37,438,836
29$64,903,926$23,972,640$1,622,598$39,308,687
30$68,149,123$25,173,363$1,703,728$41,272,032
Total$1,100,000,002$405,745,632$27,499,998$666,754,368

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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.