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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 $157,000,000 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, Feb 10, 2016
Jackpot:$157,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,363,075$590,769$165,415$1,606,891
2$2,481,229$620,307$173,686$1,687,236
3$2,605,290$651,323$182,370$1,771,598
4$2,735,555$683,889$191,489$1,860,177
5$2,872,333$718,083$201,063$1,953,186
6$3,015,949$753,987$211,116$2,050,846
7$3,166,747$791,687$221,672$2,153,388
8$3,325,084$831,271$232,756$2,261,057
9$3,491,339$872,835$244,394$2,374,110
10$3,665,905$916,476$256,613$2,492,816
11$3,849,201$962,300$269,444$2,617,456
12$4,041,661$1,010,415$282,916$2,748,329
13$4,243,744$1,060,936$297,062$2,885,746
14$4,455,931$1,113,983$311,915$3,030,033
15$4,678,727$1,169,682$327,511$3,181,535
16$4,912,664$1,228,166$343,886$3,340,611
17$5,158,297$1,289,574$361,081$3,507,642
18$5,416,212$1,354,053$379,135$3,683,024
19$5,687,022$1,421,756$398,092$3,867,175
20$5,971,374$1,492,843$417,996$4,060,534
21$6,269,942$1,567,486$438,896$4,263,561
22$6,583,439$1,645,860$460,841$4,476,739
23$6,912,611$1,728,153$483,883$4,700,576
24$7,258,242$1,814,560$508,077$4,935,604
25$7,621,154$1,905,288$533,481$5,182,385
26$8,002,212$2,000,553$560,155$5,441,504
27$8,402,322$2,100,581$588,163$5,713,579
28$8,822,438$2,205,610$617,571$5,999,258
29$9,263,560$2,315,890$648,449$6,299,221
30$9,726,738$2,431,685$680,872$6,614,182
Total$157,000,000$39,250,000$10,990,000$106,760,000
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