USA Mega

Arizona Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 2.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$743,421$53,056$1,325,775
2$2,228,365$782,683$55,709$1,389,973
3$2,339,783$823,908$58,495$1,457,381
4$2,456,772$867,194$61,419$1,528,160
5$2,579,611$912,644$64,490$1,602,477
6$2,708,592$960,367$67,715$1,680,510
7$2,844,021$1,010,476$71,101$1,762,445
8$2,986,222$1,063,090$74,656$1,848,477
9$3,135,533$1,118,335$78,388$1,938,810
10$3,292,310$1,176,342$82,308$2,033,660
11$3,456,925$1,237,250$86,423$2,133,252
12$3,629,772$1,301,203$90,744$2,237,824
13$3,811,260$1,368,354$95,282$2,347,625
14$4,001,823$1,438,862$100,046$2,462,915
15$4,201,914$1,512,896$105,048$2,583,971
16$4,412,010$1,590,632$110,300$2,711,078
17$4,632,611$1,672,254$115,815$2,844,542
18$4,864,241$1,757,957$121,606$2,984,678
19$5,107,453$1,847,945$127,686$3,131,821
20$5,362,826$1,942,433$134,071$3,286,322
21$5,630,967$2,041,646$140,774$3,448,547
22$5,912,516$2,145,819$147,813$3,618,884
23$6,208,141$2,255,200$155,204$3,797,738
24$6,518,548$2,370,051$162,964$3,985,534
25$6,844,476$2,490,644$171,112$4,182,720
26$7,186,700$2,617,267$179,667$4,389,766
27$7,546,035$2,750,221$188,651$4,607,163
28$7,923,336$2,889,822$198,083$4,835,431
29$8,319,503$3,036,404$207,988$5,075,112
30$8,735,478$3,190,315$218,387$5,326,777
Total$141,000,000$50,915,635$3,525,001$86,559,368

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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.