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Powerball Annuity Jackpot Analysis for Arkansas

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $153,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Arkansas

Drawing Date:  Sat, Jan 21, 2017
Jackpot:$153,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,302,870$575,717$161,201$1,565,951
2$2,418,013$604,503$169,261$1,644,249
3$2,538,914$634,728$177,724$1,726,461
4$2,665,859$666,465$186,610$1,812,784
5$2,799,152$699,788$195,941$1,903,424
6$2,939,110$734,777$205,738$1,998,595
7$3,086,066$771,516$216,025$2,098,525
8$3,240,369$810,092$226,826$2,203,451
9$3,402,387$850,597$238,167$2,313,623
10$3,572,507$893,127$250,075$2,429,304
11$3,751,132$937,783$262,579$2,550,770
12$3,938,688$984,672$275,708$2,678,308
13$4,135,623$1,033,906$289,494$2,812,224
14$4,342,404$1,085,601$303,968$2,952,835
15$4,559,524$1,139,881$319,167$3,100,476
16$4,787,501$1,196,875$335,125$3,255,500
17$5,026,875$1,256,719$351,881$3,418,275
18$5,278,219$1,319,555$369,475$3,589,189
19$5,542,130$1,385,533$387,949$3,768,649
20$5,819,237$1,454,809$407,347$3,957,081
21$6,110,199$1,527,550$427,714$4,154,935
22$6,415,708$1,603,927$449,100$4,362,682
23$6,736,494$1,684,123$471,555$4,580,816
24$7,073,319$1,768,330$495,132$4,809,857
25$7,426,984$1,856,746$519,889$5,050,349
26$7,798,334$1,949,583$545,883$5,302,867
27$8,188,250$2,047,063$573,178$5,568,010
28$8,597,663$2,149,416$601,836$5,846,411
29$9,027,546$2,256,887$631,928$6,138,731
30$9,478,923$2,369,731$663,525$6,445,668
Total$153,000,000$38,250,000$10,710,000$104,040,000
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