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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 2022 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 prize 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: 4.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,079,187$280,258$3,360,101
2$6,005,523$2,184,998$294,271$3,526,254
3$6,305,799$2,296,101$308,984$3,700,714
4$6,621,089$2,412,758$324,433$3,883,898
5$6,952,143$2,535,248$340,655$4,076,240
6$7,299,750$2,663,863$357,688$4,278,200
7$7,664,738$2,798,908$375,572$4,490,258
8$8,047,975$2,940,706$394,351$4,712,918
9$8,450,374$3,089,593$414,068$4,946,712
10$8,872,892$3,245,925$434,772$5,192,195
11$9,316,537$3,410,074$456,510$5,449,953
12$9,782,364$3,582,430$479,336$5,720,598
13$10,271,482$3,763,403$503,303$6,004,776
14$10,785,056$3,953,426$528,468$6,303,162
15$11,324,309$4,152,949$554,891$6,616,468
16$11,890,524$4,362,449$582,636$6,945,440
17$12,485,050$4,582,424$611,767$7,290,859
18$13,109,303$4,813,397$642,356$7,653,550
19$13,764,768$5,055,919$674,474$8,034,375
20$14,453,006$5,310,567$708,197$8,434,242
21$15,175,656$5,577,948$743,607$8,854,101
22$15,934,439$5,858,698$780,788$9,294,954
23$16,731,161$6,153,485$819,827$9,757,850
24$17,567,719$6,463,011$860,818$10,243,890
25$18,446,105$6,788,014$903,859$10,754,232
26$19,368,411$7,129,267$949,052$11,290,092
27$20,336,831$7,487,583$996,505$11,852,744
28$21,353,673$7,863,814$1,046,330$12,443,529
29$22,421,356$8,258,857$1,098,646$13,063,853
30$23,542,424$8,673,652$1,153,579$13,715,193
Total$380,000,001$139,488,654$18,620,001$221,891,351

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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.