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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2022

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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 $87,000,000 for a ticket purchased in Arkansas, 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:

Arkansas

Drawing Date:Tue, Nov 1, 2022
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$442,693$57,617$809,165
2$1,374,949$466,919$60,498$847,532
3$1,443,696$492,355$63,523$887,818
4$1,515,881$519,064$66,699$930,118
5$1,591,675$547,107$70,034$974,534
6$1,671,259$576,553$73,535$1,021,170
7$1,754,822$607,472$77,212$1,070,138
8$1,842,563$639,936$81,073$1,121,554
9$1,934,691$674,023$85,126$1,175,541
10$2,031,425$709,815$89,383$1,232,227
11$2,132,997$747,396$93,852$1,291,748
12$2,239,646$786,857$98,544$1,354,245
13$2,351,629$828,290$103,472$1,419,867
14$2,469,210$871,796$108,645$1,488,769
15$2,592,671$917,476$114,078$1,561,117
16$2,722,304$965,440$119,781$1,637,083
17$2,858,419$1,015,803$125,770$1,716,846
18$3,001,340$1,068,684$132,059$1,800,598
19$3,151,407$1,124,208$138,662$1,888,537
20$3,308,978$1,182,510$145,595$1,980,873
21$3,474,427$1,243,726$152,875$2,077,826
22$3,648,148$1,308,002$160,519$2,179,627
23$3,830,555$1,375,493$168,544$2,286,518
24$4,022,083$1,446,358$176,972$2,398,753
25$4,223,187$1,520,767$185,820$2,516,600
26$4,434,347$1,598,896$195,111$2,640,339
27$4,656,064$1,680,931$204,867$2,770,266
28$4,888,867$1,767,069$215,110$2,906,688
29$5,133,311$1,857,513$225,866$3,049,932
30$5,389,976$1,952,479$237,159$3,200,338
Total$87,000,000$30,935,631$3,828,001$52,236,367

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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.