USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Arkansas

Media: You may freely use any information on this page, but you must credit www.usamega.com.

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 $90,000,000 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 28, 2016
Jackpot:$90,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,354,629$338,657$94,824$921,148
2$1,422,361$355,590$99,565$967,205
3$1,493,479$373,370$104,544$1,015,565
4$1,568,153$392,038$109,771$1,066,344
5$1,646,560$411,640$115,259$1,119,661
6$1,728,888$432,222$121,022$1,175,644
7$1,815,333$453,833$127,073$1,234,426
8$1,906,099$476,525$133,427$1,296,148
9$2,001,404$500,351$140,098$1,360,955
10$2,101,474$525,369$147,103$1,429,003
11$2,206,548$551,637$154,458$1,500,453
12$2,316,876$579,219$162,181$1,575,475
13$2,432,719$608,180$170,290$1,654,249
14$2,554,355$638,589$178,805$1,736,962
15$2,682,073$670,518$187,745$1,823,810
16$2,816,177$704,044$197,132$1,915,000
17$2,956,986$739,246$206,989$2,010,750
18$3,104,835$776,209$217,338$2,111,288
19$3,260,077$815,019$228,205$2,216,852
20$3,423,080$855,770$239,616$2,327,695
21$3,594,234$898,559$251,596$2,444,079
22$3,773,946$943,487$264,176$2,566,283
23$3,962,643$990,661$277,385$2,694,598
24$4,160,776$1,040,194$291,254$2,829,327
25$4,368,814$1,092,204$305,817$2,970,794
26$4,587,255$1,146,814$321,108$3,119,334
27$4,816,618$1,204,154$337,163$3,275,300
28$5,057,449$1,264,362$354,021$3,439,065
29$5,310,321$1,327,580$371,722$3,611,018
30$5,575,837$1,393,959$390,309$3,791,569
Total$90,000,000$22,500,000$6,300,000$61,200,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.