USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$70,742$1,754,930
2$2,971,153$1,056,347$74,279$1,840,528
3$3,119,711$1,111,313$77,993$1,930,405
4$3,275,697$1,169,028$81,892$2,024,776
5$3,439,481$1,229,628$85,987$2,123,866
6$3,611,455$1,293,259$90,286$2,227,910
7$3,792,028$1,360,071$94,801$2,337,157
8$3,981,630$1,430,223$99,541$2,451,866
9$4,180,711$1,503,883$104,518$2,572,310
10$4,389,747$1,581,226$109,744$2,698,776
11$4,609,234$1,662,437$115,231$2,831,566
12$4,839,696$1,747,708$120,992$2,970,996
13$5,081,680$1,837,242$127,042$3,117,396
14$5,335,764$1,931,253$133,394$3,271,117
15$5,602,553$2,029,965$140,064$3,432,524
16$5,882,680$2,133,612$147,067$3,602,001
17$6,176,814$2,242,442$154,420$3,779,952
18$6,485,655$2,356,713$162,141$3,966,801
19$6,809,938$2,476,697$170,248$4,162,992
20$7,150,435$2,602,681$178,761$4,368,993
21$7,507,956$2,734,964$187,699$4,585,293
22$7,883,354$2,873,861$197,084$4,812,409
23$8,277,522$3,019,703$206,938$5,050,881
24$8,691,398$3,172,837$217,285$5,301,275
25$9,125,968$3,333,628$228,149$5,564,190
26$9,582,266$3,502,459$239,557$5,840,251
27$10,061,380$3,679,731$251,534$6,130,114
28$10,564,449$3,865,866$264,111$6,434,471
29$11,092,671$4,061,309$277,317$6,754,046
30$11,647,305$4,266,523$291,183$7,089,599
Total$188,000,000$68,270,607$4,700,000$115,029,391

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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.