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Arizona Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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The tax information provided here is based on 2025 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 $360,000,000 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:Fri, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$135,463$3,321,182
2$5,689,443$2,062,114$142,236$3,485,092
3$5,973,915$2,167,369$149,348$3,657,198
4$6,272,610$2,277,886$156,815$3,837,909
5$6,586,241$2,393,929$164,656$4,027,655
6$6,915,553$2,515,775$172,889$4,226,889
7$7,261,331$2,643,713$181,533$4,436,085
8$7,624,397$2,778,047$190,610$4,655,740
9$8,005,617$2,919,099$200,140$4,886,378
10$8,405,898$3,067,202$210,147$5,128,548
11$8,826,193$3,222,712$220,655$5,382,826
12$9,267,502$3,385,996$231,688$5,649,819
13$9,730,877$3,557,445$243,272$5,930,161
14$10,217,421$3,737,466$255,436$6,224,520
15$10,728,292$3,926,488$268,207$6,533,597
16$11,264,707$4,124,962$281,618$6,858,128
17$11,827,942$4,333,359$295,699$7,198,885
18$12,419,339$4,552,176$310,483$7,556,680
19$13,040,306$4,781,934$326,008$7,932,365
20$13,692,322$5,023,179$342,308$8,326,834
21$14,376,938$5,276,487$359,423$8,741,027
22$15,095,785$5,542,461$377,395$9,175,929
23$15,850,574$5,821,733$396,264$9,632,577
24$16,643,102$6,114,968$416,078$10,112,057
25$17,475,258$6,422,866$436,881$10,615,511
26$18,349,021$6,746,158$458,726$11,144,137
27$19,266,472$7,085,615$481,662$11,699,195
28$20,229,795$7,442,044$505,745$12,282,006
29$21,241,285$7,816,296$531,032$12,893,957
30$22,303,349$8,209,259$557,584$13,536,506
Total$360,000,001$131,910,609$9,000,001$219,089,393

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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.