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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 $415,000,000 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, May 7, 2016
Jackpot:$415,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,246,346$1,561,586$437,244$4,247,515
2$6,558,663$1,639,666$459,106$4,459,891
3$6,886,596$1,721,649$482,062$4,682,885
4$7,230,926$1,807,731$506,165$4,917,030
5$7,592,472$1,898,118$531,473$5,162,881
6$7,972,096$1,993,024$558,047$5,421,025
7$8,370,701$2,092,675$585,949$5,692,076
8$8,789,236$2,197,309$615,246$5,976,680
9$9,228,697$2,307,174$646,009$6,275,514
10$9,690,132$2,422,533$678,309$6,589,290
11$10,174,639$2,543,660$712,225$6,918,754
12$10,683,371$2,670,843$747,836$7,264,692
13$11,217,539$2,804,385$785,228$7,627,927
14$11,778,416$2,944,604$824,489$8,009,323
15$12,367,337$3,091,834$865,714$8,409,789
16$12,985,704$3,246,426$908,999$8,830,279
17$13,634,989$3,408,747$954,449$9,271,792
18$14,316,738$3,579,185$1,002,172$9,735,382
19$15,032,575$3,758,144$1,052,280$10,222,151
20$15,784,204$3,946,051$1,104,894$10,733,259
21$16,573,414$4,143,354$1,160,139$11,269,922
22$17,402,085$4,350,521$1,218,146$11,833,418
23$18,272,189$4,568,047$1,279,053$12,425,089
24$19,185,799$4,796,450$1,343,006$13,046,343
25$20,145,089$5,036,272$1,410,156$13,698,660
26$21,152,343$5,288,086$1,480,664$14,383,593
27$22,209,960$5,552,490$1,554,697$15,102,773
28$23,320,458$5,830,115$1,632,432$15,857,912
29$24,486,481$6,121,620$1,714,054$16,650,807
30$25,710,805$6,427,701$1,799,756$17,483,348
Total$415,000,001$103,750,000$29,050,000$282,200,001
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