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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 2022

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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 $830,000,000 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:Tue, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,579,316$487,215$7,426,160
2$13,117,326$4,810,431$511,576$7,795,319
3$13,773,192$5,053,101$537,154$8,182,936
4$14,461,852$5,307,905$564,012$8,589,934
5$15,184,944$5,575,449$592,213$9,017,282
6$15,944,191$5,856,371$621,823$9,465,997
7$16,741,401$6,151,339$652,915$9,937,148
8$17,578,471$6,461,055$685,560$10,431,856
9$18,457,395$6,786,256$719,838$10,951,300
10$19,380,264$7,127,718$755,830$11,496,716
11$20,349,278$7,486,253$793,622$12,069,403
12$21,366,741$7,862,715$833,303$12,670,724
13$22,435,078$8,257,999$874,968$13,302,111
14$23,556,833$8,673,048$918,716$13,965,068
15$24,734,674$9,108,850$964,652$14,661,172
16$25,971,408$9,566,441$1,012,885$15,392,082
17$27,269,978$10,046,912$1,063,529$16,159,537
18$28,633,477$10,551,407$1,116,706$16,965,365
19$30,065,151$11,081,126$1,172,541$17,811,484
20$31,568,408$11,637,331$1,231,168$18,699,909
21$33,146,829$12,221,347$1,292,726$19,632,755
22$34,804,170$12,834,563$1,357,363$20,612,244
23$36,544,379$13,478,440$1,425,231$21,640,708
24$38,371,597$14,154,511$1,496,492$22,720,594
25$40,290,177$14,864,386$1,571,317$23,854,474
26$42,304,687$15,609,754$1,649,883$25,045,050
27$44,419,921$16,392,391$1,732,377$26,295,153
28$46,640,916$17,214,159$1,818,996$27,607,761
29$48,972,962$18,077,016$1,909,946$28,986,000
30$51,421,611$18,983,016$2,005,443$30,433,152
Total$830,000,002$305,810,606$32,370,000$491,819,394

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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.