USA Mega

Arkansas Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2025 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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,397,963$573,505$8,733,784
2$15,440,515$5,670,011$602,180$9,168,324
3$16,212,540$5,955,660$632,289$9,624,591
4$17,023,168$6,255,592$663,904$10,103,672
5$17,874,325$6,570,521$697,099$10,606,706
6$18,768,042$6,901,196$731,954$11,134,893
7$19,706,445$7,248,405$768,551$11,689,489
8$20,691,767$7,612,974$806,979$12,271,814
9$21,726,355$7,995,772$847,328$12,883,256
10$22,812,673$8,397,709$889,694$13,525,269
11$23,953,306$8,819,744$934,179$14,199,384
12$25,150,972$9,262,880$980,888$14,907,204
13$26,408,520$9,728,173$1,029,932$15,650,415
14$27,728,946$10,216,730$1,081,429$16,430,787
15$29,115,393$10,729,716$1,135,500$17,250,177
16$30,571,163$11,268,351$1,192,275$18,110,537
17$32,099,721$11,833,917$1,251,889$19,013,915
18$33,704,707$12,427,762$1,314,484$19,962,462
19$35,389,942$13,051,299$1,380,208$20,958,436
20$37,159,440$13,706,013$1,449,218$22,004,209
21$39,017,411$14,393,462$1,521,679$23,102,270
22$40,968,282$15,115,285$1,597,763$24,255,234
23$43,016,696$15,873,198$1,677,651$25,465,847
24$45,167,531$16,669,007$1,761,534$26,736,990
25$47,425,907$17,504,606$1,849,610$28,071,691
26$49,797,203$18,381,986$1,942,091$29,473,127
27$52,287,064$19,303,234$2,039,195$30,944,634
28$54,901,416$20,270,544$2,141,155$32,489,717
29$57,646,487$21,286,220$2,248,213$34,112,054
30$60,528,812$22,352,681$2,360,624$35,815,508
Total$977,000,002$360,200,611$38,103,000$578,696,396

◄ Back to Jackpot Analysis

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.