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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 $166,000,000 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, Apr 27, 2019
Jackpot:$166,000,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$599,649$174,898$1,723,991
2$2,623,465$629,632$183,643$1,810,191
3$2,754,638$661,113$192,825$1,900,700
4$2,892,370$694,169$202,466$1,995,736
5$3,036,989$728,877$212,589$2,095,522
6$3,188,838$765,321$223,219$2,200,298
7$3,348,280$803,587$234,380$2,310,313
8$3,515,694$843,767$246,099$2,425,829
9$3,691,479$885,955$258,404$2,547,120
10$3,876,053$930,253$271,324$2,674,476
11$4,069,856$976,765$284,890$2,808,200
12$4,273,348$1,025,604$299,134$2,948,610
13$4,487,016$1,076,884$314,091$3,096,041
14$4,711,367$1,130,728$329,796$3,250,843
15$4,946,935$1,187,264$346,285$3,413,385
16$5,194,282$1,246,628$363,600$3,584,054
17$5,453,996$1,308,959$381,780$3,763,257
18$5,726,695$1,374,407$400,869$3,951,420
19$6,013,030$1,443,127$420,912$4,148,991
20$6,313,682$1,515,284$441,958$4,356,440
21$6,629,366$1,591,048$464,056$4,574,262
22$6,960,834$1,670,600$487,258$4,802,975
23$7,308,876$1,754,130$511,621$5,043,124
24$7,674,319$1,841,837$537,202$5,295,280
25$8,058,035$1,933,928$564,062$5,560,044
26$8,460,937$2,030,625$592,266$5,838,047
27$8,883,984$2,132,156$621,879$6,129,949
28$9,328,183$2,238,764$652,973$6,436,446
29$9,794,592$2,350,702$685,621$6,758,269
30$10,284,322$2,468,237$719,903$7,096,182
Total$166,000,000$39,840,000$11,620,000$114,540,000
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