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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 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 $1,348,000,000 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 prize 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: 4.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,289,334$7,470,009$994,177$11,825,148
2$21,303,801$7,845,362$1,043,886$12,414,554
3$22,368,991$8,239,482$1,096,081$13,033,429
4$23,487,441$8,653,308$1,150,885$13,683,248
5$24,661,812$9,087,826$1,208,429$14,365,558
6$25,894,903$9,544,069$1,268,850$15,081,984
7$27,189,649$10,023,125$1,332,293$15,834,231
8$28,549,132$10,526,134$1,398,907$16,624,090
9$29,976,588$11,054,293$1,468,853$17,453,443
10$31,475,417$11,608,859$1,542,295$18,324,262
11$33,049,188$12,191,155$1,619,410$19,238,623
12$34,701,648$12,802,565$1,700,381$20,198,702
13$36,436,730$13,444,545$1,785,400$21,206,785
14$38,258,567$14,118,625$1,874,670$22,265,272
15$40,171,495$14,826,408$1,968,403$23,376,683
16$42,180,070$15,569,581$2,066,823$24,543,666
17$44,289,072$16,349,912$2,170,165$25,768,996
18$46,503,526$17,169,260$2,278,673$27,055,594
19$48,828,702$18,029,575$2,392,606$28,406,521
20$51,270,138$18,932,906$2,512,237$29,824,995
21$53,833,644$19,881,403$2,637,849$31,314,392
22$56,525,327$20,877,326$2,769,741$32,878,260
23$59,351,593$21,923,045$2,908,228$34,520,321
24$62,319,172$23,021,049$3,053,639$36,244,484
25$65,435,131$24,173,953$3,206,321$38,054,856
26$68,706,889$25,384,504$3,366,638$39,955,747
27$72,142,233$26,655,581$3,534,969$41,951,682
28$75,749,344$27,990,212$3,711,718$44,047,414
29$79,536,811$29,391,575$3,897,304$46,247,932
30$83,513,652$30,863,006$4,092,169$48,558,477
Total$1,348,000,003$497,648,653$66,052,000$784,299,349

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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.