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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 2021

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The tax information provided here is based on 2021 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 $140,000,000 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, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$124,325$1,239,139
2$2,212,561$782,720$130,541$1,299,300
3$2,323,189$823,652$137,068$1,362,469
4$2,439,349$866,631$143,922$1,428,796
5$2,561,316$911,759$151,118$1,498,439
6$2,689,382$959,143$158,674$1,571,565
7$2,823,851$1,008,897$166,607$1,648,347
8$2,965,043$1,061,138$174,938$1,728,967
9$3,113,296$1,115,992$183,684$1,813,619
10$3,268,960$1,173,588$192,869$1,902,504
11$3,432,408$1,234,063$202,512$1,995,833
12$3,604,029$1,297,563$212,638$2,093,828
13$3,784,230$1,364,237$223,270$2,196,723
14$3,973,442$1,434,246$234,433$2,304,763
15$4,172,114$1,507,754$246,155$2,418,205
16$4,380,719$1,584,938$258,462$2,537,319
17$4,599,755$1,665,982$271,386$2,662,388
18$4,829,743$1,751,077$284,955$2,793,711
19$5,071,230$1,840,427$299,203$2,931,600
20$5,324,792$1,934,245$314,163$3,076,384
21$5,591,031$2,032,754$329,871$3,228,407
22$5,870,583$2,136,188$346,364$3,388,031
23$6,164,112$2,244,794$363,683$3,555,636
24$6,472,318$2,358,830$381,867$3,731,621
25$6,795,933$2,478,568$400,960$3,916,406
26$7,135,730$2,604,292$421,008$4,110,430
27$7,492,517$2,736,303$442,058$4,314,155
28$7,867,143$2,874,915$464,161$4,528,066
29$8,260,500$3,020,457$487,369$4,752,673
30$8,673,525$3,173,276$511,738$4,988,510
Total$140,000,000$50,722,166$8,260,002$81,017,834

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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.