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Arizona Mega Millions Jackpot Annuity Payout Schedule for Aug 25, 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 $52,000,000 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, Aug 25, 2023
Jackpot:$52,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$247,777$19,567$515,330
2$821,808$262,257$20,545$539,006
3$862,899$277,460$21,572$563,866
4$906,044$293,424$22,651$589,969
5$951,346$310,186$23,784$617,377
6$998,913$327,786$24,973$646,155
7$1,048,859$346,266$26,221$676,372
8$1,101,302$365,669$27,533$708,100
9$1,156,367$386,044$28,909$741,414
10$1,214,185$407,436$30,355$776,394
11$1,274,895$429,899$31,872$813,123
12$1,338,639$453,484$33,466$851,689
13$1,405,571$478,249$35,139$892,183
14$1,475,850$504,252$36,896$934,701
15$1,549,642$531,555$38,741$979,346
16$1,627,124$560,224$40,678$1,026,222
17$1,708,481$590,326$42,712$1,075,443
18$1,793,905$621,932$44,848$1,127,125
19$1,883,600$655,120$47,090$1,181,390
20$1,977,780$689,966$49,444$1,238,369
21$2,076,669$726,555$51,917$1,298,197
22$2,180,502$764,974$54,513$1,361,016
23$2,289,527$805,313$57,238$1,426,976
24$2,404,004$847,669$60,100$1,496,234
25$2,524,204$892,143$63,105$1,568,956
26$2,650,414$938,841$66,260$1,645,313
27$2,782,935$987,874$69,573$1,725,488
28$2,922,082$1,039,358$73,052$1,809,672
29$3,068,186$1,093,416$76,705$1,898,065
30$3,221,595$1,150,178$80,540$1,990,877
Total$52,000,000$17,985,633$1,299,999$32,714,368

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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.