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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 $478,000,000 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, Jul 30, 2016
Jackpot:$478,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,194,586$1,798,646$503,621$4,892,318
2$7,554,315$1,888,579$528,802$5,136,934
3$7,932,031$1,983,008$555,242$5,393,781
4$8,328,633$2,082,158$583,004$5,663,470
5$8,745,064$2,186,266$612,154$5,946,644
6$9,182,317$2,295,579$642,762$6,243,976
7$9,641,434$2,410,358$674,900$6,556,175
8$10,123,505$2,530,876$708,645$6,883,983
9$10,629,680$2,657,420$744,078$7,228,183
10$11,161,164$2,790,291$781,281$7,589,592
11$11,719,223$2,929,806$820,346$7,969,071
12$12,305,184$3,076,296$861,363$8,367,525
13$12,920,443$3,230,111$904,431$8,785,901
14$13,566,465$3,391,616$949,653$9,225,196
15$14,244,788$3,561,197$997,135$9,686,456
16$14,957,028$3,739,257$1,046,992$10,170,779
17$15,704,879$3,926,220$1,099,342$10,679,318
18$16,490,123$4,122,531$1,154,309$11,213,284
19$17,314,629$4,328,657$1,212,024$11,773,948
20$18,180,361$4,545,090$1,272,625$12,362,645
21$19,089,378$4,772,345$1,336,256$12,980,777
22$20,043,847$5,010,962$1,403,069$13,629,816
23$21,046,040$5,261,510$1,473,223$14,311,307
24$22,098,342$5,524,585$1,546,884$15,026,872
25$23,203,259$5,800,815$1,624,228$15,778,216
26$24,363,422$6,090,855$1,705,440$16,567,127
27$25,581,593$6,395,398$1,790,712$17,395,483
28$26,860,672$6,715,168$1,880,247$18,265,257
29$28,203,706$7,050,926$1,974,259$19,178,520
30$29,613,892$7,403,473$2,072,972$20,137,446
Total$478,000,001$119,500,000$33,460,000$325,040,001
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