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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jul 11, 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 $500,000,000 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, Jul 11, 2023
Jackpot:$500,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,525,718$2,742,703$331,132$4,451,883
2$7,902,004$2,881,929$347,688$4,672,386
3$8,297,104$3,028,116$365,073$4,903,915
4$8,711,959$3,181,613$383,326$5,147,020
5$9,147,557$3,342,784$402,492$5,402,280
6$9,604,935$3,512,014$422,617$5,670,304
7$10,085,182$3,689,705$443,748$5,951,729
8$10,589,441$3,876,281$465,935$6,247,224
9$11,118,913$4,072,185$489,232$6,557,495
10$11,674,858$4,277,885$513,694$6,883,279
11$12,258,601$4,493,870$539,378$7,225,352
12$12,871,531$4,720,654$566,347$7,584,529
13$13,515,108$4,958,778$594,665$7,961,665
14$14,190,863$5,208,807$624,398$8,357,658
15$14,900,406$5,471,338$655,618$8,773,450
16$15,645,427$5,746,996$688,399$9,210,032
17$16,427,698$6,036,436$722,819$9,668,443
18$17,249,083$6,340,348$758,960$10,149,775
19$18,111,537$6,659,456$796,908$10,655,173
20$19,017,114$6,994,520$836,753$11,185,841
21$19,967,969$7,346,336$878,591$11,743,042
22$20,966,368$7,715,744$922,520$12,328,104
23$22,014,686$8,103,622$968,646$12,942,418
24$23,115,420$8,510,893$1,017,078$13,587,448
25$24,271,191$8,938,528$1,067,932$14,264,730
26$25,484,751$9,387,546$1,121,329$14,975,876
27$26,758,989$9,859,013$1,177,395$15,722,580
28$28,096,938$10,354,055$1,236,265$16,506,618
29$29,501,785$10,873,848$1,298,079$17,329,858
30$30,976,874$11,419,631$1,362,982$18,194,260
Total$500,000,001$183,745,634$21,999,999$294,254,367

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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.