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 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 $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$1,005,166$70,742$1,753,762
2$2,971,153$1,057,514$74,279$1,839,360
3$3,119,711$1,112,481$77,993$1,929,237
4$3,275,697$1,170,195$81,892$2,023,609
5$3,439,481$1,230,796$85,987$2,122,698
6$3,611,455$1,294,426$90,286$2,226,743
7$3,792,028$1,361,238$94,801$2,335,989
8$3,981,630$1,431,391$99,541$2,450,698
9$4,180,711$1,505,051$104,518$2,571,142
10$4,389,747$1,582,394$109,744$2,697,609
11$4,609,234$1,663,604$115,231$2,830,399
12$4,839,696$1,748,875$120,992$2,969,828
13$5,081,680$1,838,410$127,042$3,116,229
14$5,335,764$1,932,421$133,394$3,269,950
15$5,602,553$2,031,132$140,064$3,431,357
16$5,882,680$2,134,779$147,067$3,600,834
17$6,176,814$2,243,609$154,420$3,778,785
18$6,485,655$2,357,880$162,141$3,965,634
19$6,809,938$2,477,865$170,248$4,161,825
20$7,150,435$2,603,849$178,761$4,367,825
21$7,507,956$2,736,132$187,699$4,584,126
22$7,883,354$2,875,029$197,084$4,811,242
23$8,277,522$3,020,871$206,938$5,049,713
24$8,691,398$3,174,005$217,285$5,300,108
25$9,125,968$3,334,796$228,149$5,563,023
26$9,582,266$3,503,626$239,557$5,839,083
27$10,061,380$3,680,898$251,534$6,128,947
28$10,564,449$3,867,034$264,111$6,433,304
29$11,092,671$4,062,476$277,317$6,752,878
30$11,647,305$4,267,690$291,183$7,088,432
Total$188,000,000$68,305,633$4,700,000$114,994,369

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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.