USA Mega

Arkansas Mega Millions Jackpot Annuity Payout Schedule for Nov 14, 1997

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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 $11,000,000 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, Nov 14, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,566$32,778$7,285$125,503
2$173,844$34,765$7,649$131,430
3$182,536$36,851$8,032$137,653
4$191,663$39,042$8,433$144,188
5$201,246$42,085$8,855$150,306
6$211,309$45,305$9,298$156,706
7$221,874$48,686$9,762$163,425
8$232,968$52,236$10,251$170,481
9$244,616$55,990$10,763$177,863
10$256,847$60,271$11,301$185,274
11$269,689$64,766$11,866$193,057
12$283,174$69,486$12,460$201,229
13$297,332$74,441$13,083$209,809
14$312,199$79,644$13,737$218,818
15$327,809$85,108$14,424$228,277
16$344,199$90,845$15,145$238,210
17$361,409$96,868$15,902$248,639
18$379,480$103,193$16,697$259,590
19$398,454$109,834$17,532$271,088
20$418,376$116,807$18,409$283,161
21$439,295$124,128$19,329$295,838
22$461,260$131,816$20,295$309,149
23$484,323$139,888$21,310$323,125
24$508,539$148,363$22,376$337,800
25$533,966$157,263$23,495$353,209
26$560,665$166,607$24,669$369,388
27$588,698$176,419$25,903$386,376
28$618,133$186,897$27,198$404,038
29$649,039$198,332$28,558$422,149
30$681,491$210,340$29,986$441,166
Total$11,000,000$2,979,054$484,003$7,536,945

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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.