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Arkansas Mega Millions Jackpot Annuity Payout Schedule for Sep 8, 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 $122,000,000 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, Sep 8, 2023
Jackpot:$122,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,836,275$637,610$80,796$1,117,869
2$1,928,089$671,581$84,836$1,171,672
3$2,024,493$707,250$89,078$1,228,165
4$2,125,718$744,703$93,532$1,287,483
5$2,232,004$784,029$98,208$1,349,766
6$2,343,604$825,321$103,119$1,415,164
7$2,460,784$868,678$108,275$1,483,832
8$2,583,823$914,202$113,688$1,555,933
9$2,713,015$962,003$119,373$1,631,639
10$2,848,665$1,012,194$125,341$1,711,130
11$2,991,099$1,064,894$131,608$1,794,596
12$3,140,654$1,120,230$138,189$1,882,235
13$3,297,686$1,178,332$145,098$1,974,256
14$3,462,571$1,239,339$152,353$2,070,879
15$3,635,699$1,303,396$159,971$2,172,332
16$3,817,484$1,370,657$167,969$2,278,858
17$4,008,358$1,441,280$176,368$2,390,710
18$4,208,776$1,515,435$185,186$2,508,155
19$4,419,215$1,593,297$194,445$2,631,472
20$4,640,176$1,675,053$204,168$2,760,955
21$4,872,184$1,760,896$214,376$2,896,912
22$5,115,794$1,851,031$225,095$3,039,667
23$5,371,583$1,945,674$236,350$3,189,560
24$5,640,162$2,045,048$248,167$3,346,947
25$5,922,171$2,149,391$260,576$3,512,204
26$6,218,279$2,258,951$273,604$3,685,724
27$6,529,193$2,373,989$287,285$3,867,919
28$6,855,653$2,494,779$301,649$4,059,225
29$7,198,435$2,621,609$316,731$4,260,095
30$7,558,357$2,754,780$332,568$4,471,010
Total$122,000,000$43,885,632$5,368,002$72,746,364

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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.