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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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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 $77,000,000 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:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 5.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$63,743$703,447
2$1,216,909$413,211$66,930$736,767
3$1,277,754$435,724$70,276$771,754
4$1,341,642$459,362$73,790$808,489
5$1,408,724$484,183$77,480$847,061
6$1,479,160$510,244$81,354$887,562
7$1,553,118$537,609$85,421$930,088
8$1,630,774$566,341$89,693$974,740
9$1,712,313$596,511$94,177$1,021,625
10$1,797,928$628,188$98,886$1,070,854
11$1,887,825$661,450$103,830$1,122,544
12$1,982,216$696,375$109,022$1,176,819
13$2,081,327$733,046$114,473$1,233,808
14$2,185,393$771,550$120,197$1,293,646
15$2,294,663$811,980$126,206$1,356,476
16$2,409,396$854,431$132,517$1,422,448
17$2,529,865$899,005$139,143$1,491,718
18$2,656,359$945,808$146,100$1,564,451
19$2,789,177$994,950$153,405$1,640,822
20$2,928,635$1,046,550$161,075$1,721,010
21$3,075,067$1,100,730$169,129$1,805,209
22$3,228,821$1,157,619$177,585$1,893,617
23$3,390,262$1,217,352$186,464$1,986,445
24$3,559,775$1,280,072$195,788$2,083,915
25$3,737,763$1,345,927$205,577$2,186,259
26$3,924,652$1,415,076$215,856$2,293,720
27$4,120,884$1,487,682$226,649$2,406,553
28$4,326,928$1,563,918$237,981$2,525,029
29$4,543,275$1,643,967$249,880$2,649,428
30$4,770,439$1,728,017$262,374$2,780,047
Total$77,000,000$27,378,648$4,235,001$45,386,351

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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.