USA Mega

Arkansas Mega Millions Jackpot Annuity Payout Schedule for Jul 5, 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 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 $162,000,000 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, Jul 5, 2024
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$95,095$1,482,867
2$2,560,249$905,480$99,850$1,554,919
3$2,688,262$952,845$104,842$1,630,575
4$2,822,675$1,002,577$110,084$1,710,013
5$2,963,808$1,054,797$115,589$1,793,423
6$3,111,999$1,109,627$121,368$1,881,004
7$3,267,599$1,167,199$127,436$1,972,963
8$3,430,979$1,227,650$133,808$2,069,521
9$3,602,528$1,291,123$140,499$2,170,906
10$3,782,654$1,357,770$147,524$2,277,361
11$3,971,787$1,427,749$154,900$2,389,138
12$4,170,376$1,501,227$162,645$2,506,504
13$4,378,895$1,578,379$170,777$2,629,739
14$4,597,840$1,659,388$179,316$2,759,135
15$4,827,732$1,744,448$188,282$2,895,002
16$5,069,118$1,833,761$197,696$3,037,661
17$5,322,574$1,927,540$207,580$3,187,453
18$5,588,703$2,026,008$217,959$3,344,736
19$5,868,138$2,129,399$228,857$3,509,882
20$6,161,545$2,237,959$240,300$3,683,285
21$6,469,622$2,351,948$252,315$3,865,359
22$6,793,103$2,471,636$264,931$4,056,536
23$7,132,758$2,597,308$278,178$4,257,272
24$7,489,396$2,729,264$292,086$4,468,045
25$7,863,866$2,867,818$306,691$4,689,357
26$8,257,059$3,013,300$322,025$4,921,734
27$8,669,912$3,166,055$338,127$5,165,730
28$9,103,408$3,326,449$355,033$5,421,926
29$9,558,578$3,494,862$372,785$5,690,932
30$10,036,507$3,671,695$391,424$5,973,388
Total$162,000,000$58,685,632$6,318,002$96,996,366

◄ 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.