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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Dec 27, 2011

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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 $206,000,000 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 27, 2011
Jackpot:$206,000,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,100,596$1,103,178$114,722$1,882,696
2$3,255,625$1,160,539$120,458$1,974,629
3$3,418,407$1,220,768$126,481$2,071,158
4$3,589,327$1,284,008$132,805$2,172,514
5$3,768,793$1,350,411$139,445$2,278,937
6$3,957,233$1,420,133$146,418$2,390,682
7$4,155,095$1,493,342$153,739$2,508,014
8$4,362,849$1,570,212$161,425$2,631,212
9$4,580,992$1,650,924$169,497$2,760,571
10$4,810,041$1,735,673$177,972$2,896,397
11$5,050,544$1,824,658$186,870$3,039,015
12$5,303,071$1,918,093$196,214$3,188,764
13$5,568,224$2,016,200$206,024$3,346,000
14$5,846,636$2,119,212$216,326$3,511,098
15$6,138,967$2,227,375$227,142$3,684,450
16$6,445,916$2,340,946$238,499$3,866,471
17$6,768,211$2,460,195$250,424$4,057,592
18$7,106,622$2,585,407$262,945$4,258,270
19$7,461,953$2,716,880$276,092$4,468,981
20$7,835,051$2,854,926$289,897$4,690,228
21$8,226,803$2,999,874$304,392$4,922,537
22$8,638,143$3,152,070$319,611$5,166,462
23$9,070,051$3,311,876$335,592$5,422,583
24$9,523,553$3,479,672$352,371$5,691,510
25$9,999,731$3,655,858$369,990$5,973,883
26$10,499,717$3,840,853$388,490$6,270,375
27$11,024,703$4,035,097$407,914$6,581,692
28$11,575,938$4,239,054$428,310$6,908,574
29$12,154,735$4,453,209$449,725$7,251,801
30$12,762,472$4,678,072$472,211$7,612,189
Total$206,000,000$74,898,715$7,622,001$123,479,285

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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.