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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Feb 1, 2013

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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 $13,000,000 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, Feb 1, 2013
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$39,807$7,631$148,230
2$205,452$42,808$8,013$154,632
3$215,725$46,095$8,413$161,217
4$226,511$49,546$8,834$168,131
5$237,836$53,171$9,276$175,390
6$249,728$56,976$9,739$183,013
7$262,215$61,322$10,226$190,666
8$275,325$65,911$10,738$198,677
9$289,092$70,729$11,275$207,088
10$303,546$75,788$11,838$215,920
11$318,724$81,101$12,430$225,193
12$334,660$86,678$13,052$234,930
13$351,393$92,535$13,704$245,154
14$368,962$98,684$14,390$255,889
15$387,411$105,141$15,109$267,161
16$406,781$111,921$15,864$278,996
17$427,120$119,039$16,658$291,423
18$448,476$126,514$17,491$304,472
19$470,900$134,362$18,365$318,173
20$494,445$142,603$19,283$332,559
21$519,167$151,256$20,248$347,664
22$545,126$160,341$21,260$363,524
23$572,382$169,881$22,323$380,178
24$601,001$179,898$23,439$397,664
25$631,051$190,509$24,611$415,931
26$662,604$202,184$25,842$434,578
27$695,734$214,442$27,134$454,158
28$730,520$227,313$28,490$474,717
29$767,046$240,827$29,915$496,304
30$805,399$255,018$31,411$518,970
Total$13,000,000$3,652,400$507,002$8,840,602

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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.