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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$239,694$2,879,132
2$5,136,302$1,863,387$251,679$3,021,237
3$5,393,117$1,958,408$264,263$3,170,446
4$5,662,773$2,058,181$277,476$3,327,116
5$5,945,912$2,162,942$291,350$3,491,620
6$6,243,207$2,272,942$305,917$3,664,349
7$6,555,368$2,388,441$321,213$3,845,714
8$6,883,136$2,509,715$337,274$4,036,147
9$7,227,293$2,637,053$354,137$4,236,102
10$7,588,658$2,770,758$371,844$4,446,055
11$7,968,091$2,911,149$390,436$4,666,506
12$8,366,495$3,058,558$409,958$4,897,979
13$8,784,820$3,213,338$430,456$5,141,025
14$9,224,061$3,375,858$451,979$5,396,224
15$9,685,264$3,546,503$474,578$5,664,183
16$10,169,527$3,725,680$498,307$5,945,540
17$10,678,003$3,913,816$523,222$6,240,965
18$11,211,904$4,111,359$549,383$6,551,161
19$11,772,499$4,318,780$576,852$6,876,867
20$12,361,124$4,536,571$605,695$7,218,858
21$12,979,180$4,765,252$635,980$7,577,948
22$13,628,139$5,005,366$667,779$7,954,994
23$14,309,546$5,257,487$701,168$8,350,891
24$15,025,023$5,522,214$736,226$8,766,583
25$15,776,274$5,800,176$773,037$9,203,060
26$16,565,088$6,092,038$811,689$9,661,361
27$17,393,343$6,398,492$852,274$10,142,577
28$18,263,009$6,720,268$894,887$10,647,853
29$19,176,160$7,058,134$939,632$11,178,394
30$20,134,968$7,412,893$986,613$11,735,461
Total$325,000,001$119,138,649$15,924,998$189,936,348

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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.