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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 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 $210,000,000 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, Sep 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$139,075$1,894,042
2$3,318,841$1,186,159$146,029$1,986,653
3$3,484,783$1,247,558$153,330$2,083,895
4$3,659,023$1,312,026$160,997$2,186,000
5$3,841,974$1,379,718$169,047$2,293,209
6$4,034,072$1,450,795$177,499$2,405,779
7$4,235,776$1,525,425$186,374$2,523,977
8$4,447,565$1,603,787$195,693$2,648,085
9$4,669,943$1,686,067$205,478$2,778,399
10$4,903,440$1,772,461$215,751$2,915,228
11$5,148,612$1,863,174$226,539$3,058,899
12$5,406,043$1,958,424$237,866$3,209,753
13$5,676,345$2,058,435$249,759$3,368,151
14$5,960,162$2,163,448$262,247$3,534,467
15$6,258,171$2,273,711$275,360$3,709,100
16$6,571,079$2,389,487$289,127$3,892,465
17$6,899,633$2,511,052$303,584$4,084,997
18$7,244,615$2,638,695$318,763$4,287,156
19$7,606,845$2,772,721$334,701$4,499,424
20$7,987,188$2,913,447$351,436$4,722,304
21$8,386,547$3,061,210$369,008$4,956,329
22$8,805,874$3,216,361$387,458$5,202,055
23$9,246,168$3,379,270$406,831$5,460,067
24$9,708,476$3,550,324$427,173$5,730,979
25$10,193,900$3,729,931$448,532$6,015,438
26$10,703,595$3,918,518$470,958$6,314,119
27$11,238,775$4,116,535$494,506$6,627,734
28$11,800,714$4,324,452$519,231$6,957,031
29$12,390,749$4,542,765$545,193$7,302,791
30$13,010,287$4,771,994$572,453$7,665,840
Total$210,000,000$76,445,634$9,239,998$124,314,366

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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.