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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 $122,000,000 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, Jun 26, 2019
Jackpot:$122,000,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,836,275$440,706$128,539$1,267,030
2$1,928,089$462,741$134,966$1,330,381
3$2,024,493$485,878$141,715$1,396,900
4$2,125,718$510,172$148,800$1,466,745
5$2,232,004$535,681$156,240$1,540,083
6$2,343,604$562,465$164,052$1,617,087
7$2,460,784$590,588$172,255$1,697,941
8$2,583,823$620,118$180,868$1,782,838
9$2,713,015$651,124$189,911$1,871,980
10$2,848,665$683,680$199,407$1,965,579
11$2,991,099$717,864$209,377$2,063,858
12$3,140,654$753,757$219,846$2,167,051
13$3,297,686$791,445$230,838$2,275,403
14$3,462,571$831,017$242,380$2,389,174
15$3,635,699$872,568$254,499$2,508,632
16$3,817,484$916,196$267,224$2,634,064
17$4,008,358$962,006$280,585$2,765,767
18$4,208,776$1,010,106$294,614$2,904,056
19$4,419,215$1,060,612$309,345$3,049,258
20$4,640,176$1,113,642$324,812$3,201,721
21$4,872,184$1,169,324$341,053$3,361,807
22$5,115,794$1,227,790$358,106$3,529,898
23$5,371,583$1,289,180$376,011$3,706,393
24$5,640,162$1,353,639$394,811$3,891,712
25$5,922,171$1,421,321$414,552$4,086,298
26$6,218,279$1,492,387$435,280$4,290,613
27$6,529,193$1,567,006$457,044$4,505,143
28$6,855,653$1,645,357$479,896$4,730,400
29$7,198,435$1,727,625$503,890$4,966,920
30$7,558,357$1,814,006$529,085$5,215,267
Total$122,000,000$29,280,000$8,540,000$84,180,000
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