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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jan 23, 2001

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The tax information provided here is based on 2026 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 $67,000,000 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, Jan 23, 2001
Jackpot:$67,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$329,082$39,329$640,034
2$1,058,868$347,739$41,296$669,834
3$1,111,812$367,328$43,361$701,124
4$1,167,403$387,896$45,529$733,978
5$1,225,773$409,493$47,805$768,474
6$1,287,061$432,170$50,195$804,696
7$1,351,414$455,981$52,705$842,729
8$1,418,985$480,982$55,340$882,663
9$1,489,934$507,233$58,107$924,594
10$1,564,431$534,797$61,013$968,621
11$1,642,653$563,739$64,063$1,014,850
12$1,724,785$594,128$67,267$1,063,391
13$1,811,024$626,036$70,630$1,114,358
14$1,901,576$659,540$74,161$1,167,874
15$1,996,654$694,719$77,870$1,224,066
16$2,096,487$731,657$81,763$1,283,067
17$2,201,311$770,442$85,851$1,345,018
18$2,311,377$811,167$90,144$1,410,067
19$2,426,946$853,927$94,651$1,478,368
20$2,548,293$898,826$99,383$1,550,084
21$2,675,708$945,969$104,353$1,625,386
22$2,809,493$995,470$109,570$1,704,453
23$2,949,968$1,047,445$115,049$1,787,474
24$3,097,466$1,102,020$120,801$1,874,645
25$3,252,340$1,159,323$126,841$1,966,175
26$3,414,957$1,219,491$133,183$2,062,282
27$3,585,704$1,282,668$139,842$2,163,194
28$3,764,990$1,349,003$146,835$2,269,152
29$3,953,239$1,418,656$154,176$2,380,407
30$4,150,901$1,491,791$161,885$2,497,225
Total$67,000,000$23,468,718$2,612,998$40,918,283

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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.