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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Mar 16, 2012

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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 $200,000,000 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:Fri, Mar 16, 2012
Jackpot:$200,000,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,010,287$1,069,763$111,381$1,829,143
2$3,160,801$1,125,454$116,950$1,918,398
3$3,318,841$1,183,929$122,797$2,012,116
4$3,484,784$1,245,327$128,937$2,110,519
5$3,659,023$1,309,796$135,384$2,213,843
6$3,841,974$1,377,488$142,153$2,322,333
7$4,034,073$1,448,564$149,261$2,436,248
8$4,235,776$1,523,194$156,724$2,555,858
9$4,447,565$1,601,556$164,560$2,681,449
10$4,669,943$1,683,836$172,788$2,813,319
11$4,903,440$1,770,230$181,427$2,951,783
12$5,148,612$1,860,944$190,499$3,097,170
13$5,406,043$1,956,193$200,024$3,249,826
14$5,676,345$2,056,205$210,025$3,410,115
15$5,960,162$2,161,217$220,526$3,578,419
16$6,258,171$2,271,480$231,552$3,755,138
17$6,571,079$2,387,256$243,130$3,940,693
18$6,899,633$2,508,821$255,286$4,135,525
19$7,244,615$2,636,465$268,051$4,340,099
20$7,606,845$2,770,490$281,453$4,554,902
21$7,987,188$2,911,217$295,526$4,780,445
22$8,386,547$3,058,980$310,302$5,017,265
23$8,805,874$3,214,131$325,817$5,265,926
24$9,246,168$3,377,039$342,108$5,527,020
25$9,708,476$3,548,094$359,214$5,801,169
26$10,193,900$3,727,700$377,174$6,089,026
27$10,703,595$3,916,288$396,033$6,391,275
28$11,238,775$4,114,304$415,835$6,708,636
29$11,800,714$4,322,221$436,626$7,041,866
30$12,390,750$4,540,535$458,458$7,391,757
Total$200,000,000$72,678,717$7,400,001$119,921,281

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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.