USA Mega

Arkansas Mega Millions Jackpot Annuity Payout Schedule for Dec 7, 2004

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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 $10,000,000 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, Dec 7, 2004
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$5,870$115,478
2$158,040$30,972$6,164$120,904
3$165,942$32,869$6,472$126,602
4$174,239$34,860$6,795$132,584
5$182,951$36,951$7,135$138,865
6$192,099$39,158$7,492$145,449
7$201,704$42,232$7,866$151,606
8$211,789$45,459$8,260$158,070
9$222,378$48,848$8,673$164,858
10$233,497$52,406$9,106$171,985
11$245,172$56,185$9,562$179,425
12$257,431$60,475$10,040$186,915
13$270,302$64,981$10,542$194,780
14$283,817$69,711$11,069$203,038
15$298,008$74,678$11,622$211,708
16$312,909$79,893$12,203$220,812
17$328,554$85,369$12,814$230,372
18$344,982$91,118$13,454$240,409
19$362,231$97,156$14,127$250,948
20$380,342$103,495$14,833$262,014
21$399,359$110,151$15,575$273,634
22$419,327$117,139$16,354$285,834
23$440,294$124,478$17,171$298,645
24$462,308$132,183$18,030$312,096
25$485,424$140,273$18,932$326,219
26$509,695$148,768$19,878$341,049
27$535,180$157,688$20,872$356,620
28$561,939$167,053$21,916$372,970
29$590,036$176,887$23,011$390,137
30$619,537$187,417$24,162$407,959
Total$10,000,000$2,638,019$390,000$6,971,985

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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.