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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 2023

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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 $1,348,000,000 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, Jan 13, 2023
Jackpot:$1,348,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,289,334$7,465,241$791,284$12,032,809
2$21,303,801$7,840,594$830,848$12,632,359
3$22,368,991$8,234,714$872,391$13,261,886
4$23,487,441$8,648,541$916,010$13,922,890
5$24,661,812$9,083,058$961,811$14,616,943
6$25,894,903$9,539,302$1,009,901$15,345,700
7$27,189,649$10,018,358$1,060,396$16,110,895
8$28,549,132$10,521,366$1,113,416$16,914,349
9$29,976,588$11,049,525$1,169,087$17,757,976
10$31,475,417$11,604,092$1,227,541$18,643,784
11$33,049,188$12,186,387$1,288,918$19,573,883
12$34,701,648$12,797,797$1,353,364$20,550,486
13$36,436,730$13,439,778$1,421,032$21,575,920
14$38,258,567$14,113,857$1,492,084$22,652,625
15$40,171,495$14,821,641$1,566,688$23,783,166
16$42,180,070$15,564,814$1,645,023$24,970,234
17$44,289,072$16,345,145$1,727,274$26,216,654
18$46,503,526$17,164,493$1,813,638$27,525,396
19$48,828,702$18,024,808$1,904,319$28,899,575
20$51,270,138$18,928,139$1,999,535$30,342,464
21$53,833,644$19,876,636$2,099,512$31,857,496
22$56,525,327$20,872,559$2,204,488$33,448,280
23$59,351,593$21,918,277$2,314,712$35,118,604
24$62,319,172$23,016,282$2,430,448$36,872,443
25$65,435,131$24,169,186$2,551,970$38,713,975
26$68,706,889$25,379,737$2,679,569$40,647,583
27$72,142,233$26,650,814$2,813,547$42,677,872
28$75,749,344$27,985,445$2,954,224$44,809,674
29$79,536,811$29,386,808$3,101,936$47,048,068
30$83,513,652$30,858,239$3,257,032$49,398,381
Total$1,348,000,003$497,505,633$52,571,998$797,922,370

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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.