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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 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 $183,000,000 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, Sep 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$121,194$1,655,898
2$2,892,133$1,028,277$127,254$1,736,602
3$3,036,740$1,081,782$133,617$1,821,342
4$3,188,577$1,137,961$140,297$1,910,318
5$3,348,006$1,196,950$147,312$2,003,744
6$3,515,406$1,258,888$154,678$2,101,840
7$3,691,176$1,323,923$162,412$2,204,842
8$3,875,735$1,392,210$170,532$2,312,993
9$4,069,522$1,463,911$179,059$2,426,552
10$4,272,998$1,539,197$188,012$2,545,789
11$4,486,648$1,618,247$197,413$2,670,988
12$4,710,980$1,701,250$207,283$2,802,447
13$4,946,529$1,788,404$217,647$2,940,478
14$5,193,856$1,879,914$228,530$3,085,412
15$5,453,549$1,976,001$239,956$3,237,592
16$5,726,226$2,076,891$251,954$3,397,381
17$6,012,537$2,182,827$264,552$3,565,159
18$6,313,164$2,294,059$277,779$3,741,326
19$6,628,822$2,410,852$291,668$3,926,302
20$6,960,264$2,533,485$306,252$4,120,527
21$7,308,277$2,662,250$321,564$4,324,462
22$7,673,691$2,797,453$337,642$4,538,595
23$8,057,375$2,939,417$354,525$4,763,434
24$8,460,244$3,088,478$372,251$4,999,515
25$8,883,256$3,244,992$390,863$5,247,400
26$9,327,419$3,409,333$410,406$5,507,680
27$9,793,790$3,581,890$430,927$5,780,973
28$10,283,479$3,763,075$452,473$6,067,931
29$10,797,653$3,953,319$475,097$6,369,237
30$11,337,536$4,153,076$498,852$6,685,608
Total$183,000,000$66,455,632$8,052,001$108,492,367

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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.