USA Mega

Arkansas Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,346,135$251,826$3,859,106
2$6,779,919$2,465,590$264,417$4,049,912
3$7,118,915$2,591,019$277,638$4,250,258
4$7,474,861$2,722,719$291,520$4,460,622
5$7,848,603$2,861,004$306,096$4,681,504
6$8,241,034$3,006,203$321,400$4,913,431
7$8,653,086$3,158,662$337,470$5,156,953
8$9,085,740$3,318,744$354,344$5,412,652
9$9,540,027$3,486,830$372,061$5,681,136
10$10,017,028$3,663,321$390,664$5,963,043
11$10,517,880$3,848,636$410,197$6,259,047
12$11,043,774$4,043,216$430,707$6,569,850
13$11,595,962$4,247,526$452,243$6,896,193
14$12,175,760$4,462,052$474,855$7,238,854
15$12,784,548$4,687,303$498,597$7,598,648
16$13,423,776$4,923,817$523,527$7,976,431
17$14,094,964$5,172,157$549,704$8,373,104
18$14,799,713$5,432,914$577,189$8,789,610
19$15,539,698$5,706,709$606,048$9,226,941
20$16,316,683$5,994,193$636,351$9,686,140
21$17,132,517$6,296,052$668,168$10,168,298
22$17,989,143$6,613,003$701,577$10,674,563
23$18,888,601$6,945,802$736,655$11,206,143
24$19,833,030$7,295,241$773,488$11,764,301
25$20,824,682$7,662,153$812,163$12,350,367
26$21,865,916$8,047,409$852,771$12,965,736
27$22,959,212$8,451,929$895,409$13,611,874
28$24,107,172$8,876,674$940,180$14,290,319
29$25,312,531$9,322,657$987,189$15,002,686
30$26,578,158$9,790,939$1,036,548$15,750,671
Total$429,000,001$157,440,609$16,731,002$254,828,393

◄ Back to Jackpot Analysis

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.