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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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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 $360,000,000 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, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$211,322$3,245,323
2$5,689,443$2,062,114$221,888$3,405,440
3$5,973,915$2,167,369$232,983$3,573,563
4$6,272,610$2,277,886$244,632$3,750,093
5$6,586,241$2,393,929$256,863$3,935,448
6$6,915,553$2,515,775$269,707$4,130,071
7$7,261,331$2,643,713$283,192$4,334,426
8$7,624,397$2,778,047$297,351$4,548,998
9$8,005,617$2,919,099$312,219$4,774,299
10$8,405,898$3,067,202$327,830$5,010,865
11$8,826,193$3,222,712$344,222$5,259,260
12$9,267,502$3,385,996$361,433$5,520,074
13$9,730,877$3,557,445$379,504$5,793,928
14$10,217,421$3,737,466$398,479$6,081,476
15$10,728,292$3,926,488$418,403$6,383,401
16$11,264,707$4,124,962$439,324$6,700,422
17$11,827,942$4,333,359$461,290$7,033,294
18$12,419,339$4,552,176$484,354$7,382,809
19$13,040,306$4,781,934$508,572$7,749,801
20$13,692,322$5,023,179$534,001$8,135,142
21$14,376,938$5,276,487$560,701$8,539,750
22$15,095,785$5,542,461$588,736$8,964,588
23$15,850,574$5,821,733$618,172$9,410,669
24$16,643,102$6,114,968$649,081$9,879,053
25$17,475,258$6,422,866$681,535$10,370,857
26$18,349,021$6,746,158$715,612$10,887,251
27$19,266,472$7,085,615$751,392$11,429,465
28$20,229,795$7,442,044$788,962$11,998,789
29$21,241,285$7,816,296$828,410$12,596,579
30$22,303,349$8,209,259$869,831$13,224,259
Total$360,000,001$131,910,609$14,040,001$214,049,393

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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.