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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 2013

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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 $173,000,000 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, Sep 27, 2013
Jackpot:$173,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,603,898$919,400$101,552$1,582,947
2$2,734,093$967,572$106,630$1,659,892
3$2,870,798$1,018,152$111,961$1,740,684
4$3,014,338$1,071,262$117,559$1,825,516
5$3,165,055$1,127,027$123,437$1,914,590
6$3,323,307$1,185,581$129,609$2,008,117
7$3,489,473$1,247,062$136,089$2,106,321
8$3,663,946$1,311,617$142,894$2,209,435
9$3,847,144$1,379,400$150,039$2,317,705
10$4,039,501$1,450,573$157,541$2,431,388
11$4,241,476$1,525,303$165,418$2,550,755
12$4,453,550$1,603,771$173,688$2,676,091
13$4,676,227$1,686,161$182,373$2,807,693
14$4,910,039$1,772,672$191,492$2,945,876
15$5,155,540$1,863,507$201,066$3,090,967
16$5,413,318$1,958,885$211,119$3,243,313
17$5,683,983$2,059,031$221,675$3,403,277
18$5,968,183$2,164,185$232,759$3,571,239
19$6,266,592$2,274,596$244,397$3,747,598
20$6,579,921$2,390,528$256,617$3,932,776
21$6,908,917$2,512,257$269,448$4,127,213
22$7,254,363$2,640,072$282,920$4,331,371
23$7,617,081$2,774,277$297,066$4,545,738
24$7,997,935$2,915,193$311,919$4,770,823
25$8,397,832$3,063,155$327,515$5,007,162
26$8,817,724$3,218,515$343,891$5,255,318
27$9,258,610$3,381,643$361,086$5,515,881
28$9,721,540$3,552,927$379,140$5,789,473
29$10,207,617$3,732,776$398,097$6,076,745
30$10,717,998$3,921,617$418,002$6,378,380
Total$173,000,000$62,688,717$6,746,999$103,564,284

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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.