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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 $67,000,000 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:  Wed, Dec 7, 2016
Jackpot:$67,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$252,112$70,591$685,743
2$1,058,868$264,717$74,121$720,031
3$1,111,812$277,953$77,827$756,032
4$1,167,403$291,851$81,718$793,834
5$1,225,773$306,443$85,804$833,525
6$1,287,061$321,765$90,094$875,202
7$1,351,414$337,854$94,599$918,962
8$1,418,985$354,746$99,329$964,910
9$1,489,934$372,484$104,295$1,013,155
10$1,564,431$391,108$109,510$1,063,813
11$1,642,653$410,663$114,986$1,117,004
12$1,724,785$431,196$120,735$1,172,854
13$1,811,024$452,756$126,772$1,231,497
14$1,901,576$475,394$133,110$1,293,071
15$1,996,654$499,164$139,766$1,357,725
16$2,096,487$524,122$146,754$1,425,611
17$2,201,311$550,328$154,092$1,496,892
18$2,311,377$577,844$161,796$1,571,736
19$2,426,946$606,736$169,886$1,650,323
20$2,548,293$637,073$178,381$1,732,839
21$2,675,708$668,927$187,300$1,819,481
22$2,809,493$702,373$196,665$1,910,455
23$2,949,968$737,492$206,498$2,005,978
24$3,097,466$774,367$216,823$2,106,277
25$3,252,340$813,085$227,664$2,211,591
26$3,414,957$853,739$239,047$2,322,171
27$3,585,704$896,426$250,999$2,438,279
28$3,764,990$941,247$263,549$2,560,193
29$3,953,239$988,310$276,727$2,688,203
30$4,150,901$1,037,725$290,563$2,822,613
Total$67,000,000$16,750,000$4,690,000$45,560,000
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