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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 $158,000,000 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, Aug 8, 2020
Jackpot:$158,000,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,378,127$570,750$166,469$1,640,907
2$2,497,033$599,288$174,792$1,722,953
3$2,621,885$629,252$183,532$1,809,100
4$2,752,979$660,715$192,709$1,899,556
5$2,890,628$693,751$202,344$1,994,533
6$3,035,159$728,438$212,461$2,094,260
7$3,186,917$764,860$223,084$2,198,973
8$3,346,263$803,103$234,238$2,308,922
9$3,513,576$843,258$245,950$2,424,368
10$3,689,255$885,421$258,248$2,545,586
11$3,873,718$929,692$271,160$2,672,865
12$4,067,404$976,177$284,718$2,806,509
13$4,270,774$1,024,986$298,954$2,946,834
14$4,484,313$1,076,235$313,902$3,094,176
15$4,708,528$1,130,047$329,597$3,248,885
16$4,943,955$1,186,549$346,077$3,411,329
17$5,191,152$1,245,877$363,381$3,581,895
18$5,450,710$1,308,170$381,550$3,760,990
19$5,723,246$1,373,579$400,627$3,949,039
20$6,009,408$1,442,258$420,659$4,146,491
21$6,309,878$1,514,371$441,691$4,353,816
22$6,625,372$1,590,089$463,776$4,571,507
23$6,956,641$1,669,594$486,965$4,800,082
24$7,304,473$1,753,073$511,313$5,040,086
25$7,669,696$1,840,727$536,879$5,292,090
26$8,053,181$1,932,764$563,723$5,556,695
27$8,455,840$2,029,402$591,909$5,834,530
28$8,878,632$2,130,872$621,504$6,126,256
29$9,322,564$2,237,415$652,579$6,432,569
30$9,788,692$2,349,286$685,208$6,754,198
Total$158,000,000$37,920,000$11,060,000$109,020,000
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