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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 2025 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: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$441,526$51,070$816,879
2$1,374,949$465,751$53,623$855,574
3$1,443,696$491,188$56,304$896,204
4$1,515,881$517,896$59,119$938,865
5$1,591,675$545,940$62,075$983,660
6$1,671,259$575,386$65,179$1,030,694
7$1,754,822$606,304$68,438$1,080,079
8$1,842,563$638,768$71,860$1,131,934
9$1,934,691$672,856$75,453$1,186,382
10$2,031,425$708,648$79,226$1,243,552
11$2,132,997$746,229$83,187$1,303,581
12$2,239,646$785,689$87,346$1,366,611
13$2,351,629$827,123$91,714$1,432,792
14$2,469,210$870,628$96,299$1,502,283
15$2,592,671$916,308$101,114$1,575,248
16$2,722,304$964,273$106,170$1,651,862
17$2,858,419$1,014,635$111,478$1,732,306
18$3,001,340$1,067,516$117,052$1,816,772
19$3,151,407$1,123,041$122,905$1,905,461
20$3,308,978$1,181,342$129,050$1,998,586
21$3,474,427$1,242,558$135,503$2,096,366
22$3,648,148$1,306,835$142,278$2,199,035
23$3,830,555$1,374,326$149,392$2,306,838
24$4,022,083$1,445,191$156,861$2,420,031
25$4,223,187$1,519,600$164,704$2,538,883
26$4,434,347$1,597,729$172,940$2,663,679
27$4,656,064$1,679,764$181,586$2,794,714
28$4,888,867$1,765,901$190,666$2,932,300
29$5,133,311$1,856,345$200,199$3,076,766
30$5,389,976$1,951,311$210,209$3,228,456
Total$87,000,000$30,900,607$3,393,000$52,706,393

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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.