USA Mega

Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $16,000,000 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:Tue, Sep 15, 1998
Jackpot:$16,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$240,823$54,750$10,596$175,477
2$252,864$58,877$11,126$182,861
3$265,507$63,302$11,682$190,523
4$278,783$67,949$12,266$198,568
5$292,722$72,827$12,880$207,015
6$307,358$77,950$13,524$215,884
7$322,726$83,329$14,200$225,197
8$338,862$88,976$14,910$234,976
9$355,805$94,907$15,655$245,243
10$373,595$101,133$16,438$256,024
11$392,275$107,671$17,260$267,344
12$411,889$114,536$18,123$279,230
13$432,483$121,744$19,029$291,710
14$454,108$129,312$19,981$304,814
15$476,813$137,259$20,980$318,574
16$500,654$145,604$22,029$333,021
17$525,686$154,365$23,130$348,191
18$551,971$163,564$24,287$364,119
19$579,569$173,224$25,501$380,844
20$608,548$183,366$26,776$398,405
21$638,975$194,609$28,115$416,252
22$670,924$206,430$29,521$434,974
23$704,470$218,842$30,997$454,632
24$739,693$231,874$32,547$475,273
25$776,678$245,559$34,174$496,946
26$815,512$259,927$35,883$519,702
27$856,288$275,014$37,677$543,597
28$899,102$290,855$39,560$568,686
29$944,057$307,489$41,539$595,030
30$991,260$324,954$43,615$622,691
Total$16,000,000$4,750,198$704,001$10,545,803

◄ Back to Jackpot Analysis

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.