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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 2014

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The tax information provided here is based on 2024 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 $33,000,000 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 5, 2014
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$21,855$330,624
2$521,532$152,911$22,947$345,674
3$547,609$162,038$24,095$361,476
4$574,989$171,621$25,300$378,069
5$603,739$181,683$26,565$395,491
6$633,926$192,740$27,893$413,293
7$665,622$204,468$29,287$431,867
8$698,903$216,782$30,752$451,369
9$733,848$229,712$32,289$471,847
10$770,541$243,288$33,904$493,349
11$809,068$257,543$35,599$515,926
12$849,521$272,511$37,379$539,632
13$891,997$288,227$39,248$564,523
14$936,597$304,729$41,210$590,658
15$983,427$322,056$43,271$618,100
16$1,032,598$340,249$45,434$646,915
17$1,084,228$359,352$47,706$677,170
18$1,138,439$379,410$50,091$708,938
19$1,195,361$400,471$52,596$742,294
20$1,255,129$422,586$55,226$777,318
21$1,317,886$445,806$57,987$814,093
22$1,383,780$470,186$60,886$852,707
23$1,452,969$495,786$63,931$893,252
24$1,525,618$522,666$67,127$935,824
25$1,601,899$550,890$70,484$980,525
26$1,681,994$580,525$74,008$1,027,460
27$1,766,093$611,642$77,708$1,076,743
28$1,854,398$644,315$81,594$1,128,489
29$1,947,118$678,621$85,673$1,182,823
30$2,044,474$714,643$89,957$1,239,874
Total$33,000,000$10,961,676$1,452,002$20,586,323

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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.