USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 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 $315,000,000 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, Oct 3, 2023
Jackpot:$315,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,741,202$1,712,432$118,530$2,910,239
2$4,978,262$1,800,145$124,457$3,053,661
3$5,227,175$1,892,243$130,679$3,204,253
4$5,488,534$1,988,945$137,213$3,362,375
5$5,762,961$2,090,483$144,074$3,528,403
6$6,051,109$2,197,098$151,278$3,702,733
7$6,353,664$2,309,044$158,842$3,885,779
8$6,671,348$2,426,586$166,784$4,077,977
9$7,004,915$2,550,006$175,123$4,279,786
10$7,355,161$2,679,597$183,879$4,491,684
11$7,722,919$2,815,668$193,073$4,714,178
12$8,109,065$2,958,542$202,727$4,947,796
13$8,514,518$3,108,559$212,863$5,193,095
14$8,940,244$3,266,078$223,506$5,450,660
15$9,387,256$3,431,472$234,681$5,721,102
16$9,856,619$3,605,137$246,415$6,005,067
17$10,349,449$3,787,484$258,736$6,303,229
18$10,866,922$3,978,949$271,673$6,616,300
19$11,410,268$4,179,987$285,257$6,945,024
20$11,980,782$4,391,077$299,520$7,290,185
21$12,579,820$4,612,721$314,496$7,652,604
22$13,208,812$4,845,448$330,220$8,033,143
23$13,869,252$5,089,811$346,731$8,432,710
24$14,562,715$5,346,392$364,068$8,852,255
25$15,290,850$5,615,802$382,271$9,292,777
26$16,055,393$5,898,683$401,385$9,755,325
27$16,858,163$6,195,708$421,454$10,241,001
28$17,701,071$6,507,584$442,527$10,750,960
29$18,586,124$6,835,054$464,653$11,286,417
30$19,515,431$7,178,897$487,886$11,848,648
Total$315,000,001$115,295,632$7,875,001$191,829,366

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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.