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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

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The tax information provided here is based on 2022 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 $284,000,000 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 prize money, as well as deductions claimed.

State:

Arkansas

Drawing Date:Fri, Nov 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$209,456$2,520,592
2$4,488,338$1,623,640$219,929$2,644,769
3$4,712,755$1,706,674$230,925$2,775,156
4$4,948,393$1,793,860$242,471$2,912,061
5$5,195,812$1,885,405$254,595$3,055,812
6$5,455,603$1,981,528$267,325$3,206,750
7$5,728,383$2,082,457$280,691$3,365,236
8$6,014,802$2,188,432$294,725$3,531,645
9$6,315,542$2,299,706$309,462$3,706,375
10$6,631,319$2,416,543$324,935$3,889,842
11$6,962,885$2,539,223$341,181$4,082,481
12$7,311,030$2,668,036$358,240$4,284,753
13$7,676,581$2,803,290$376,152$4,497,139
14$8,060,410$2,945,307$394,960$4,720,143
15$8,463,431$3,094,424$414,708$4,954,298
16$8,886,602$3,250,998$435,444$5,200,161
17$9,330,932$3,415,400$457,216$5,458,317
18$9,797,479$3,588,022$480,076$5,729,380
19$10,287,353$3,769,276$504,080$6,013,997
20$10,801,720$3,959,592$529,284$6,312,845
21$11,341,806$4,159,423$555,749$6,626,635
22$11,908,897$4,369,247$583,536$6,956,114
23$12,504,342$4,589,561$612,713$7,302,067
24$13,129,559$4,820,892$643,348$7,665,319
25$13,786,036$5,063,789$675,516$8,046,732
26$14,475,339$5,318,830$709,292$8,447,217
27$15,199,105$5,586,624$744,756$8,867,725
28$15,959,061$5,867,807$781,994$9,309,259
29$16,757,014$6,163,050$821,094$9,772,870
30$17,594,864$6,473,055$862,148$10,259,661
Total$284,000,001$103,968,651$13,916,001$166,115,351

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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.