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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 2023

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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 $188,000,000 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:Tue, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,005,166$124,505$1,699,999
2$2,971,153$1,057,514$130,731$1,782,908
3$3,119,711$1,112,481$137,267$1,869,963
4$3,275,697$1,170,195$144,131$1,961,370
5$3,439,481$1,230,796$151,337$2,057,348
6$3,611,455$1,294,426$158,904$2,158,125
7$3,792,028$1,361,238$166,849$2,263,941
8$3,981,630$1,431,391$175,192$2,375,047
9$4,180,711$1,505,051$183,951$2,491,709
10$4,389,747$1,582,394$193,149$2,614,204
11$4,609,234$1,663,604$202,806$2,742,823
12$4,839,696$1,748,875$212,947$2,877,874
13$5,081,680$1,838,410$223,594$3,019,677
14$5,335,764$1,932,421$234,774$3,168,570
15$5,602,553$2,031,132$246,512$3,324,908
16$5,882,680$2,134,779$258,838$3,489,063
17$6,176,814$2,243,609$271,780$3,661,425
18$6,485,655$2,357,880$285,369$3,842,406
19$6,809,938$2,477,865$299,637$4,032,436
20$7,150,435$2,603,849$314,619$4,231,967
21$7,507,956$2,736,132$330,350$4,441,475
22$7,883,354$2,875,029$346,868$4,661,458
23$8,277,522$3,020,871$364,211$4,892,440
24$8,691,398$3,174,005$382,422$5,134,971
25$9,125,968$3,334,796$401,543$5,389,629
26$9,582,266$3,503,626$421,620$5,657,020
27$10,061,380$3,680,898$442,701$5,937,781
28$10,564,449$3,867,034$464,836$6,232,579
29$11,092,671$4,062,476$488,078$6,542,117
30$11,647,305$4,267,690$512,481$6,867,133
Total$188,000,000$68,305,633$8,272,002$111,422,366

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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.