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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 2025 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: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,073,252$223,062$3,423,231
2$6,005,523$2,179,064$234,215$3,592,244
3$6,305,799$2,290,166$245,926$3,769,707
4$6,621,089$2,406,823$258,222$3,956,043
5$6,952,143$2,529,313$271,134$4,151,696
6$7,299,750$2,657,928$284,690$4,357,132
7$7,664,738$2,792,973$298,925$4,572,840
8$8,047,975$2,934,771$313,871$4,799,333
9$8,450,374$3,083,658$329,565$5,037,150
10$8,872,892$3,239,990$346,043$5,286,859
11$9,316,537$3,404,139$363,345$5,549,053
12$9,782,364$3,576,495$381,512$5,824,357
13$10,271,482$3,757,468$400,588$6,113,425
14$10,785,056$3,947,491$420,617$6,416,948
15$11,324,309$4,147,014$441,648$6,735,646
16$11,890,524$4,356,514$463,730$7,070,280
17$12,485,050$4,576,489$486,917$7,421,644
18$13,109,303$4,807,462$511,263$7,790,578
19$13,764,768$5,049,984$536,826$8,177,957
20$14,453,006$5,304,633$563,667$8,584,706
21$15,175,656$5,572,013$591,851$9,011,793
22$15,934,439$5,852,763$621,443$9,460,233
23$16,731,161$6,147,550$652,515$9,931,096
24$17,567,719$6,457,076$685,141$10,425,502
25$18,446,105$6,782,079$719,398$10,944,628
26$19,368,411$7,123,332$755,368$11,489,711
27$20,336,831$7,481,648$793,136$12,062,047
28$21,353,673$7,857,879$832,793$12,663,000
29$22,421,356$8,252,922$874,433$13,294,001
30$23,542,424$8,667,717$918,155$13,956,552
Total$380,000,001$139,310,606$14,819,999$225,869,392

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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.