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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jan 4, 2011

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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 $380,000,000 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 4, 2011
Jackpot:$380,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,074,420$251,660$3,393,466
2$6,005,523$2,180,231$264,243$3,561,049
3$6,305,799$2,291,333$277,455$3,737,010
4$6,621,089$2,407,991$291,328$3,921,770
5$6,952,143$2,530,481$305,894$4,115,768
6$7,299,750$2,659,095$321,189$4,319,466
7$7,664,738$2,794,141$337,248$4,533,349
8$8,047,975$2,935,938$354,111$4,757,925
9$8,450,374$3,084,826$371,816$4,993,731
10$8,872,892$3,241,158$390,407$5,241,327
11$9,316,537$3,405,306$409,928$5,501,303
12$9,782,364$3,577,662$430,424$5,774,277
13$10,271,482$3,758,636$451,945$6,060,901
14$10,785,056$3,948,658$474,542$6,361,855
15$11,324,309$4,148,182$498,270$6,677,857
16$11,890,524$4,357,682$523,183$7,009,659
17$12,485,050$4,577,656$549,342$7,358,052
18$13,109,303$4,808,630$576,809$7,723,864
19$13,764,768$5,051,152$605,650$8,107,966
20$14,453,006$5,305,800$635,932$8,511,274
21$15,175,656$5,573,181$667,729$8,934,747
22$15,934,439$5,853,930$701,115$9,379,394
23$16,731,161$6,148,717$736,171$9,846,273
24$17,567,719$6,458,244$772,980$10,336,496
25$18,446,105$6,783,247$811,629$10,851,230
26$19,368,411$7,124,500$852,210$11,391,701
27$20,336,831$7,482,815$894,821$11,959,195
28$21,353,673$7,859,047$939,562$12,555,064
29$22,421,356$8,254,090$986,540$13,180,727
30$23,542,424$8,668,885$1,035,867$13,837,673
Total$380,000,001$139,345,634$16,720,000$223,934,369

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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.