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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Aug 4, 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 $1,350,000,000 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 4, 2023
Jackpot:$1,350,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,319,437$7,476,380$792,458$12,050,600
2$21,335,409$7,852,289$832,081$12,651,039
3$22,402,179$8,246,994$873,685$13,281,500
4$23,522,289$8,661,435$917,369$13,943,485
5$24,698,403$9,096,597$963,238$14,638,568
6$25,933,323$9,553,517$1,011,400$15,368,406
7$27,229,990$10,033,284$1,061,970$16,134,736
8$28,591,489$10,537,039$1,115,068$16,939,382
9$30,021,064$11,065,981$1,170,821$17,784,261
10$31,522,117$11,621,371$1,229,363$18,671,383
11$33,098,223$12,204,530$1,290,831$19,602,862
12$34,753,134$12,816,847$1,355,372$20,580,914
13$36,490,790$13,459,780$1,423,141$21,607,869
14$38,315,330$14,134,860$1,494,298$22,686,172
15$40,231,096$14,843,693$1,569,013$23,818,390
16$42,242,652$15,587,969$1,647,463$25,007,219
17$44,354,783$16,369,458$1,729,837$26,255,489
18$46,572,523$17,190,021$1,816,328$27,566,173
19$48,901,149$18,051,613$1,907,145$28,942,391
20$51,346,206$18,956,284$2,002,502$30,387,420
21$53,913,516$19,906,189$2,102,627$31,904,700
22$56,609,192$20,903,589$2,207,758$33,497,845
23$59,439,652$21,950,859$2,318,146$35,170,647
24$62,411,634$23,050,492$2,434,054$36,927,088
25$65,532,216$24,205,108$2,555,756$38,771,352
26$68,808,828$25,417,454$2,683,544$40,707,829
27$72,249,269$26,690,417$2,817,721$42,741,130
28$75,861,731$28,027,028$2,958,608$44,876,095
29$79,654,818$29,430,470$3,106,538$47,117,810
30$83,637,560$30,904,085$3,261,865$49,471,610
Total$1,350,000,003$498,245,633$52,650,000$799,104,365

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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.