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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Apr 9, 2002

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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 $155,000,000 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, Apr 9, 2002
Jackpot:$155,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,332,972$819,157$90,986$1,422,829
2$2,449,621$862,317$95,535$1,491,769
3$2,572,102$907,635$100,312$1,564,155
4$2,700,707$955,219$105,328$1,640,161
5$2,835,743$1,005,182$110,594$1,719,967
6$2,977,530$1,057,643$116,124$1,803,763
7$3,126,406$1,112,728$121,930$1,891,749
8$3,282,727$1,170,566$128,026$1,984,134
9$3,446,863$1,231,297$134,428$2,081,139
10$3,619,206$1,295,063$141,149$2,182,993
11$3,800,166$1,362,019$148,206$2,289,941
12$3,990,175$1,432,322$155,617$2,402,236
13$4,189,683$1,506,140$163,398$2,520,146
14$4,399,168$1,583,649$171,568$2,643,951
15$4,619,126$1,665,034$180,146$2,773,946
16$4,850,082$1,750,488$189,153$2,910,441
17$5,092,586$1,840,214$198,611$3,053,761
18$5,347,216$1,934,427$208,541$3,204,247
19$5,614,576$2,033,350$218,968$3,362,257
20$5,895,305$2,137,220$229,917$3,528,168
21$6,190,070$2,246,283$241,413$3,702,374
22$6,499,574$2,360,800$253,483$3,885,291
23$6,824,553$2,481,042$266,158$4,077,353
24$7,165,780$2,607,296$279,465$4,279,019
25$7,524,069$2,739,863$293,439$4,490,768
26$7,900,273$2,879,058$308,111$4,713,104
27$8,295,286$3,025,213$323,516$4,946,557
28$8,710,051$3,178,676$339,692$5,191,683
29$9,145,553$3,339,812$356,677$5,449,065
30$9,602,831$3,509,005$374,510$5,719,316
Total$155,000,000$56,028,718$6,045,001$92,926,283

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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.