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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 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 $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$6,088,889$413,914$10,053,775
2$17,384,408$6,395,186$434,610$10,554,612
3$18,253,628$6,716,797$456,341$11,080,490
4$19,166,310$7,054,490$479,158$11,632,662
5$20,124,624$7,409,066$503,116$12,212,443
6$21,130,856$7,781,372$528,271$12,821,213
7$22,187,399$8,172,293$554,685$13,460,422
8$23,296,769$8,582,760$582,419$14,131,590
9$24,461,608$9,013,750$611,540$14,836,318
10$25,684,688$9,466,289$642,117$15,576,281
11$26,968,922$9,941,456$674,223$16,353,243
12$28,317,368$10,440,381$707,934$17,169,053
13$29,733,237$10,964,253$743,331$18,025,653
14$31,219,899$11,514,317$780,497$18,925,084
15$32,780,893$12,091,885$819,522$19,869,485
16$34,419,938$12,698,332$860,498$20,861,108
17$36,140,935$13,335,101$903,523$21,902,310
18$37,947,982$14,003,708$948,700$22,995,574
19$39,845,380$14,705,746$996,135$24,143,500
20$41,837,650$15,442,885$1,045,941$25,348,823
21$43,929,532$16,216,882$1,098,238$26,614,412
22$46,126,009$17,029,578$1,153,150$27,943,280
23$48,432,309$17,882,909$1,210,808$29,338,592
24$50,853,924$18,778,907$1,271,348$30,803,669
25$53,396,620$19,719,704$1,334,916$32,342,000
26$56,066,452$20,707,542$1,401,661$33,957,249
27$58,869,775$21,744,772$1,471,744$35,653,259
28$61,813,263$22,833,862$1,545,332$37,434,069
29$64,903,926$23,977,408$1,622,598$39,303,920
30$68,149,123$25,178,130$1,703,728$41,267,264
Total$1,100,000,002$405,888,650$27,499,998$666,611,353

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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.