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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 $125,000,000 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, May 30, 2020
Jackpot:$125,000,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,881,429$451,543$131,700$1,298,186
2$1,975,501$474,120$138,285$1,363,096
3$2,074,276$497,826$145,199$1,431,250
4$2,177,990$522,718$152,459$1,502,813
5$2,286,889$548,853$160,082$1,577,953
6$2,401,234$576,296$168,086$1,656,851
7$2,521,295$605,111$176,491$1,739,694
8$2,647,360$635,366$185,315$1,826,678
9$2,779,728$667,135$194,581$1,918,012
10$2,918,715$700,491$204,310$2,013,913
11$3,064,650$735,516$214,526$2,114,609
12$3,217,883$772,292$225,252$2,220,339
13$3,378,777$810,906$236,514$2,331,356
14$3,547,716$851,452$248,340$2,447,924
15$3,725,102$894,024$260,757$2,570,320
16$3,911,357$938,726$273,795$2,698,836
17$4,106,924$985,662$287,485$2,833,778
18$4,312,271$1,034,945$301,859$2,975,467
19$4,527,884$1,086,692$316,952$3,124,240
20$4,754,278$1,141,027$332,799$3,280,452
21$4,991,992$1,198,078$349,439$3,444,475
22$5,241,592$1,257,982$366,911$3,616,698
23$5,503,672$1,320,881$385,257$3,797,533
24$5,778,855$1,386,925$404,520$3,987,410
25$6,067,798$1,456,271$424,746$4,186,780
26$6,371,188$1,529,085$445,983$4,396,120
27$6,689,747$1,605,539$468,282$4,615,926
28$7,024,234$1,685,816$491,696$4,846,722
29$7,375,446$1,770,107$516,281$5,089,058
30$7,744,219$1,858,612$542,095$5,343,511
Total$125,000,000$30,000,000$8,750,000$86,250,000
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