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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Aug 25, 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 $52,000,000 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, Aug 25, 2023
Jackpot:$52,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$247,777$34,438$500,460
2$821,808$262,257$36,160$523,392
3$862,899$277,460$37,968$547,471
4$906,044$293,424$39,866$572,754
5$951,346$310,186$41,859$599,301
6$998,913$327,786$43,952$627,175
7$1,048,859$346,266$46,150$656,444
8$1,101,302$365,669$48,457$687,175
9$1,156,367$386,044$50,880$719,443
10$1,214,185$407,436$53,424$753,325
11$1,274,895$429,899$56,095$788,900
12$1,338,639$453,484$58,900$826,255
13$1,405,571$478,249$61,845$865,477
14$1,475,850$504,252$64,937$906,660
15$1,549,642$531,555$68,184$949,903
16$1,627,124$560,224$71,593$995,307
17$1,708,481$590,326$75,173$1,042,982
18$1,793,905$621,932$78,932$1,093,040
19$1,883,600$655,120$82,878$1,145,602
20$1,977,780$689,966$87,022$1,200,791
21$2,076,669$726,555$91,373$1,258,740
22$2,180,502$764,974$95,942$1,319,587
23$2,289,527$805,313$100,739$1,383,475
24$2,404,004$847,669$105,776$1,450,558
25$2,524,204$892,143$111,065$1,520,996
26$2,650,414$938,841$116,618$1,594,955
27$2,782,935$987,874$122,449$1,672,612
28$2,922,082$1,039,358$128,572$1,754,152
29$3,068,186$1,093,416$135,000$1,839,769
30$3,221,595$1,150,178$141,750$1,929,667
Total$52,000,000$17,985,633$2,287,997$31,726,368

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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.