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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 $138,000,000 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 23, 2015
Jackpot:$138,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,460,554$615,138$172,239$1,673,177
2$2,558,976$639,744$179,128$1,740,104
3$2,661,335$665,334$186,293$1,809,708
4$2,767,788$691,947$193,745$1,882,096
5$2,878,500$719,625$201,495$1,957,380
6$2,993,640$748,410$209,555$2,035,675
7$3,113,385$778,346$217,937$2,117,102
8$3,237,921$809,480$226,654$2,201,786
9$3,367,438$841,859$235,721$2,289,858
10$3,502,135$875,534$245,149$2,381,452
11$3,642,221$910,555$254,955$2,476,710
12$3,787,909$946,977$265,154$2,575,778
13$3,939,426$984,856$275,760$2,678,809
14$4,097,003$1,024,251$286,790$2,785,962
15$4,260,883$1,065,221$298,262$2,897,400
16$4,431,318$1,107,830$310,192$3,013,296
17$4,608,571$1,152,143$322,600$3,133,828
18$4,792,914$1,198,228$335,504$3,259,181
19$4,984,630$1,246,158$348,924$3,389,549
20$5,184,015$1,296,004$362,881$3,525,131
21$5,391,376$1,347,844$377,396$3,666,136
22$5,607,031$1,401,758$392,492$3,812,781
23$5,831,312$1,457,828$408,192$3,965,292
24$6,064,565$1,516,141$424,520$4,123,904
25$6,307,147$1,576,787$441,500$4,288,860
26$6,559,433$1,639,858$459,160$4,460,415
27$6,821,811$1,705,453$477,527$4,638,831
28$7,094,683$1,773,671$496,628$4,824,385
29$7,378,470$1,844,618$516,493$5,017,360
30$7,673,609$1,918,402$537,153$5,218,054
Total$138,000,000$34,500,000$9,660,000$93,840,000
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