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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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 prize money, as well as deductions claimed.

State:

Arkansas

Drawing Date:Fri, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$986,065$11,728,955
2$21,129,957$7,781,039$1,035,368$12,313,550
3$22,186,455$8,171,943$1,087,136$12,927,375
4$23,295,778$8,582,393$1,141,493$13,571,892
5$24,460,566$9,013,364$1,198,568$14,248,634
6$25,683,595$9,465,885$1,258,496$14,959,214
7$26,967,775$9,941,032$1,321,421$15,705,322
8$28,316,164$10,439,936$1,387,492$16,488,736
9$29,731,972$10,963,785$1,456,867$17,311,321
10$31,218,570$11,513,826$1,529,710$18,175,034
11$32,779,499$12,091,370$1,606,195$19,081,934
12$34,418,474$12,697,790$1,686,505$20,034,178
13$36,139,397$13,334,532$1,770,830$21,034,035
14$37,946,368$14,003,111$1,859,372$22,083,885
15$39,843,686$14,705,119$1,952,341$23,186,226
16$41,835,870$15,442,227$2,049,958$24,343,686
17$43,927,663$16,216,190$2,152,455$25,559,017
18$46,124,047$17,028,852$2,260,078$26,835,116
19$48,430,249$17,882,147$2,373,082$28,175,019
20$50,851,761$18,778,107$2,491,736$29,581,918
21$53,394,349$19,718,864$2,616,323$31,059,162
22$56,064,067$20,706,660$2,747,139$32,610,268
23$58,867,270$21,743,845$2,884,496$34,238,929
24$61,810,633$22,832,889$3,028,721$35,949,023
25$64,901,165$23,976,386$3,180,157$37,744,622
26$68,146,224$25,177,058$3,339,165$39,630,001
27$71,553,535$26,437,763$3,506,123$41,609,649
28$75,131,211$27,761,503$3,681,429$43,688,279
29$78,887,772$29,151,431$3,865,501$45,870,840
30$82,832,161$30,610,855$4,058,776$48,162,531
Total$1,337,000,003$493,578,651$65,512,998$777,908,351

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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.