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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Dec 23, 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 $510,000,000 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 23, 2022
Jackpot:$510,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,676,232$2,798,394$337,754$4,540,084
2$8,060,044$2,940,404$354,642$4,764,998
3$8,463,046$3,089,515$372,374$5,001,157
4$8,886,198$3,246,081$390,993$5,249,124
5$9,330,508$3,410,476$410,542$5,509,490
6$9,797,033$3,583,090$431,069$5,782,874
7$10,286,885$3,764,335$452,623$6,069,927
8$10,801,229$3,954,643$475,254$6,371,333
9$11,341,291$4,154,465$499,017$6,687,809
10$11,908,355$4,364,279$523,968$7,020,108
11$12,503,773$4,584,584$550,166$7,369,023
12$13,128,962$4,815,904$577,674$7,735,384
13$13,785,410$5,058,789$606,558$8,120,062
14$14,474,680$5,313,819$636,886$8,523,975
15$15,198,414$5,581,601$668,730$8,948,083
16$15,958,335$5,862,772$702,167$9,393,397
17$16,756,251$6,158,001$737,275$9,860,976
18$17,594,064$6,467,991$774,139$10,351,934
19$18,473,767$6,793,482$812,846$10,867,440
20$19,397,456$7,135,246$853,488$11,408,721
21$20,367,328$7,494,099$896,162$11,977,067
22$21,385,695$7,870,895$940,971$12,573,829
23$22,454,980$8,266,530$988,019$13,200,430
24$23,577,728$8,681,947$1,037,420$13,858,361
25$24,756,615$9,118,135$1,089,291$14,549,189
26$25,994,446$9,576,133$1,143,756$15,274,558
27$27,294,168$10,057,030$1,200,943$16,036,195
28$28,658,876$10,561,972$1,260,991$16,835,914
29$30,091,820$11,092,161$1,324,040$17,675,619
30$31,596,411$11,648,860$1,390,242$18,557,309
Total$510,000,001$187,445,633$22,440,000$300,114,370

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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.