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Arizona Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 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 $1,348,000,000 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, Jan 13, 2023
Jackpot:$1,348,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,289,334$7,470,009$507,233$12,312,092
2$21,303,801$7,845,362$532,595$12,925,845
3$22,368,991$8,239,482$559,225$13,570,285
4$23,487,441$8,653,308$587,186$14,246,947
5$24,661,812$9,087,826$616,545$14,957,441
6$25,894,903$9,544,069$647,373$15,703,462
7$27,189,649$10,023,125$679,741$16,486,783
8$28,549,132$10,526,134$713,728$17,309,270
9$29,976,588$11,054,293$749,415$18,172,881
10$31,475,417$11,608,859$786,885$19,079,672
11$33,049,188$12,191,155$826,230$20,031,804
12$34,701,648$12,802,565$867,541$21,031,542
13$36,436,730$13,444,545$910,918$22,081,267
14$38,258,567$14,118,625$956,464$23,183,478
15$40,171,495$14,826,408$1,004,287$24,340,799
16$42,180,070$15,569,581$1,054,502$25,555,987
17$44,289,072$16,349,912$1,107,227$26,831,934
18$46,503,526$17,169,260$1,162,588$28,171,678
19$48,828,702$18,029,575$1,220,718$29,578,410
20$51,270,138$18,932,906$1,281,753$31,055,478
21$53,833,644$19,881,403$1,345,841$32,606,400
22$56,525,327$20,877,326$1,413,133$34,234,868
23$59,351,593$21,923,045$1,483,790$35,944,759
24$62,319,172$23,021,049$1,557,979$37,740,144
25$65,435,131$24,173,953$1,635,878$39,625,299
26$68,706,889$25,384,504$1,717,672$41,604,713
27$72,142,233$26,655,581$1,803,556$43,683,096
28$75,749,344$27,990,212$1,893,734$45,865,398
29$79,536,811$29,391,575$1,988,420$48,156,816
30$83,513,652$30,863,006$2,087,841$50,562,805
Total$1,348,000,003$497,648,653$33,699,998$816,651,353

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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.