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 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 $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$1,009,933$70,742$1,748,995
2$2,971,153$1,062,282$74,279$1,834,593
3$3,119,711$1,117,248$77,993$1,924,470
4$3,275,697$1,174,963$81,892$2,018,841
5$3,439,481$1,235,563$85,987$2,117,931
6$3,611,455$1,299,193$90,286$2,221,976
7$3,792,028$1,366,005$94,801$2,331,222
8$3,981,630$1,436,158$99,541$2,445,931
9$4,180,711$1,509,818$104,518$2,566,375
10$4,389,747$1,587,161$109,744$2,692,842
11$4,609,234$1,668,372$115,231$2,825,632
12$4,839,696$1,753,642$120,992$2,965,061
13$5,081,680$1,843,177$127,042$3,111,462
14$5,335,764$1,937,188$133,394$3,265,183
15$5,602,553$2,035,899$140,064$3,426,589
16$5,882,680$2,139,547$147,067$3,596,067
17$6,176,814$2,248,376$154,420$3,774,018
18$6,485,655$2,362,647$162,141$3,960,866
19$6,809,938$2,482,632$170,248$4,157,057
20$7,150,435$2,608,616$178,761$4,363,058
21$7,507,956$2,740,899$187,699$4,579,359
22$7,883,354$2,879,796$197,084$4,806,474
23$8,277,522$3,025,638$206,938$5,044,946
24$8,691,398$3,178,772$217,285$5,295,341
25$9,125,968$3,339,563$228,149$5,558,256
26$9,582,266$3,508,394$239,557$5,834,316
27$10,061,380$3,685,665$251,534$6,124,180
28$10,564,449$3,871,801$264,111$6,428,536
29$11,092,671$4,067,243$277,317$6,748,111
30$11,647,305$4,272,458$291,183$7,083,664
Total$188,000,000$68,448,649$4,700,000$114,851,352

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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.