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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 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 $333,000,000 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 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$235,570$2,959,116
2$5,262,734$1,910,167$247,349$3,105,219
3$5,525,871$2,007,527$259,716$3,258,628
4$5,802,165$2,109,756$272,702$3,419,707
5$6,092,273$2,217,096$286,337$3,588,840
6$6,396,886$2,329,803$300,654$3,766,430
7$6,716,731$2,448,145$315,686$3,952,899
8$7,052,567$2,572,405$331,471$4,148,692
9$7,405,196$2,702,877$348,044$4,354,274
10$7,775,455$2,839,874$365,446$4,570,136
11$8,164,228$2,983,719$383,719$4,796,790
12$8,572,440$3,134,758$402,905$5,034,777
13$9,001,062$3,293,348$423,050$5,284,664
14$9,451,115$3,459,867$444,202$5,547,045
15$9,923,670$3,634,713$466,413$5,822,545
16$10,419,854$3,818,301$489,733$6,111,820
17$10,940,847$4,011,068$514,220$6,415,559
18$11,487,889$4,213,474$539,931$6,734,484
19$12,062,283$4,426,000$566,927$7,069,356
20$12,665,398$4,649,152$595,274$7,420,972
21$13,298,667$4,883,462$625,037$7,790,168
22$13,963,601$5,129,487$656,289$8,177,824
23$14,661,781$5,387,814$689,104$8,584,863
24$15,394,870$5,659,057$723,559$9,012,254
25$16,164,613$5,943,862$759,737$9,461,014
26$16,972,844$6,242,907$797,724$9,932,213
27$17,821,486$6,556,905$837,610$10,426,972
28$18,712,560$6,886,602$879,490$10,946,468
29$19,648,188$7,232,785$923,465$11,491,939
30$20,630,598$7,596,276$969,638$12,064,684
Total$333,000,001$122,098,649$15,651,002$195,250,352

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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.