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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 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 $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 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: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,539,793$188,083$2,546,732
2$4,488,338$1,618,873$197,487$2,671,978
3$4,712,755$1,701,907$207,361$2,803,487
4$4,948,393$1,789,093$217,729$2,941,570
5$5,195,812$1,880,638$228,616$3,086,558
6$5,455,603$1,976,761$240,047$3,238,795
7$5,728,383$2,077,689$252,049$3,398,645
8$6,014,802$2,183,665$264,651$3,566,486
9$6,315,542$2,294,938$277,884$3,742,720
10$6,631,319$2,411,776$291,778$3,927,765
11$6,962,885$2,534,455$306,367$4,122,063
12$7,311,030$2,663,269$321,685$4,326,076
13$7,676,581$2,798,523$337,770$4,540,289
14$8,060,410$2,940,540$354,658$4,765,213
15$8,463,431$3,089,657$372,391$5,001,383
16$8,886,602$3,246,231$391,010$5,249,361
17$9,330,932$3,410,633$410,561$5,509,739
18$9,797,479$3,583,255$431,089$5,783,135
19$10,287,353$3,764,508$452,644$6,070,201
20$10,801,720$3,954,824$475,276$6,371,620
21$11,341,806$4,154,656$499,039$6,688,111
22$11,908,897$4,364,480$523,991$7,020,426
23$12,504,342$4,584,794$550,191$7,369,356
24$13,129,559$4,816,124$577,701$7,735,734
25$13,786,036$5,059,021$606,586$8,120,430
26$14,475,339$5,314,063$636,915$8,524,361
27$15,199,105$5,581,857$668,761$8,948,488
28$15,959,061$5,863,040$702,199$9,393,822
29$16,757,014$6,158,283$737,309$9,861,422
30$17,594,864$6,468,288$774,174$10,352,403
Total$284,000,001$103,825,634$12,496,002$167,678,369

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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.