USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Jun 27, 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 $343,000,000 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, Jun 27, 2023
Jackpot:$343,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,162,642$1,868,365$129,066$3,165,211
2$5,420,774$1,963,874$135,519$3,321,381
3$5,691,813$2,064,159$142,295$3,485,359
4$5,976,404$2,169,457$149,410$3,657,537
5$6,275,224$2,280,021$156,881$3,838,323
6$6,588,985$2,396,112$164,725$4,028,148
7$6,918,435$2,518,009$172,961$4,227,465
8$7,264,356$2,646,000$181,609$4,436,748
9$7,627,574$2,780,390$190,689$4,656,495
10$8,008,953$2,921,500$200,224$4,887,229
11$8,409,400$3,069,666$210,235$5,129,499
12$8,829,870$3,225,240$220,747$5,383,884
13$9,271,364$3,388,592$231,784$5,650,987
14$9,734,932$3,560,113$243,373$5,931,446
15$10,221,679$3,740,209$255,542$6,225,928
16$10,732,763$3,929,310$268,319$6,535,134
17$11,269,400$4,127,866$281,735$6,859,800
18$11,832,871$4,336,350$295,822$7,200,699
19$12,424,514$4,555,258$310,613$7,558,643
20$13,045,740$4,785,111$326,143$7,934,485
21$13,698,027$5,026,458$342,451$8,329,118
22$14,382,928$5,279,871$359,573$8,743,484
23$15,102,075$5,545,955$377,552$9,178,567
24$15,857,178$5,825,344$396,429$9,635,405
25$16,650,037$6,118,701$416,251$10,115,085
26$17,482,539$6,426,727$437,063$10,618,748
27$18,356,666$6,750,154$458,917$11,147,595
28$19,274,499$7,089,752$481,862$11,702,884
29$20,238,224$7,446,331$505,956$12,285,938
30$21,250,136$7,820,738$531,253$12,898,144
Total$343,000,001$125,655,633$8,574,999$208,769,369

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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.