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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 22, 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 $205,000,000 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 22, 2023
Jackpot:$205,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,085,544$1,104,606$145,021$1,835,917
2$3,239,821$1,161,689$152,272$1,925,861
3$3,401,812$1,221,626$159,885$2,020,302
4$3,571,903$1,284,559$167,879$2,119,465
5$3,750,498$1,350,639$176,273$2,223,585
6$3,938,023$1,420,024$185,087$2,332,912
7$4,134,924$1,492,877$194,341$2,447,706
8$4,341,671$1,569,373$204,059$2,568,239
9$4,558,754$1,649,694$214,261$2,694,799
10$4,786,692$1,734,031$224,975$2,827,686
11$5,026,026$1,822,585$236,223$2,967,218
12$5,277,328$1,915,566$248,034$3,113,727
13$5,541,194$2,013,197$260,436$3,267,561
14$5,818,254$2,115,709$273,458$3,429,087
15$6,109,166$2,223,347$287,131$3,598,689
16$6,414,625$2,336,366$301,487$3,776,771
17$6,735,356$2,455,037$316,562$3,963,758
18$7,072,124$2,579,641$332,390$4,160,093
19$7,425,730$2,710,475$349,009$4,366,246
20$7,797,017$2,847,851$366,460$4,582,706
21$8,186,867$2,992,096$384,783$4,809,989
22$8,596,211$3,143,553$404,022$5,048,636
23$9,026,021$3,302,583$424,223$5,299,215
24$9,477,322$3,469,564$445,434$5,562,324
25$9,951,188$3,644,895$467,706$5,838,588
26$10,448,748$3,828,992$491,091$6,128,665
27$10,971,185$4,022,294$515,646$6,433,246
28$11,519,744$4,225,260$541,428$6,753,056
29$12,095,732$4,438,376$568,499$7,088,857
30$12,700,518$4,662,147$596,924$7,441,447
Total$205,000,000$74,738,652$9,634,999$120,626,351

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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.