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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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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 $401,000,000 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, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,190,202$235,389$3,610,034
2$6,337,407$2,301,861$247,159$3,788,387
3$6,654,277$2,419,103$259,517$3,975,657
4$6,986,991$2,542,207$272,493$4,172,292
5$7,336,340$2,671,466$286,117$4,378,757
6$7,703,157$2,807,189$300,423$4,595,546
7$8,088,316$2,949,697$315,444$4,823,174
8$8,492,731$3,099,331$331,217$5,062,184
9$8,917,368$3,256,446$347,777$5,313,144
10$9,363,236$3,421,418$365,166$5,576,652
11$9,831,398$3,594,638$383,425$5,853,336
12$10,322,968$3,776,518$402,596$6,143,854
13$10,839,116$3,967,493$422,726$6,448,897
14$11,381,072$4,168,017$443,862$6,769,193
15$11,950,126$4,378,567$466,055$7,105,504
16$12,547,632$4,599,644$489,358$7,458,630
17$13,175,013$4,831,775$513,826$7,829,413
18$13,833,764$5,075,513$539,517$8,218,734
19$14,525,452$5,331,438$566,493$8,627,522
20$15,251,725$5,600,159$594,817$9,056,749
21$16,014,311$5,882,315$624,558$9,507,438
22$16,815,027$6,178,580$655,786$9,980,661
23$17,655,778$6,489,658$688,575$10,477,545
24$18,538,567$6,816,290$723,004$10,999,273
25$19,465,495$7,159,253$759,154$11,547,087
26$20,438,770$7,519,365$797,112$12,122,293
27$21,460,709$7,897,482$836,968$12,726,259
28$22,533,744$8,294,505$878,816$13,360,422
29$23,660,431$8,711,380$922,757$14,026,295
30$24,843,453$9,149,098$968,895$14,725,460
Total$401,000,001$147,080,608$15,639,002$238,280,392

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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.