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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 $304,000,000 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, Feb 23, 2019
Jackpot:$304,000,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,575,636$1,098,153$320,295$3,157,189
2$4,804,418$1,153,060$336,309$3,315,049
3$5,044,639$1,210,713$353,125$3,480,801
4$5,296,871$1,271,249$370,781$3,654,841
5$5,561,714$1,334,811$389,320$3,837,583
6$5,839,800$1,401,552$408,786$4,029,462
7$6,131,790$1,471,630$429,225$4,230,935
8$6,438,380$1,545,211$450,687$4,442,482
9$6,760,299$1,622,472$473,221$4,664,606
10$7,098,314$1,703,595$496,882$4,897,836
11$7,453,229$1,788,775$521,726$5,142,728
12$7,825,891$1,878,214$547,812$5,399,865
13$8,217,185$1,972,124$575,203$5,669,858
14$8,628,045$2,070,731$603,963$5,953,351
15$9,059,447$2,174,267$634,161$6,251,018
16$9,512,419$2,282,981$665,869$6,563,569
17$9,988,040$2,397,130$699,163$6,891,748
18$10,487,442$2,516,986$734,121$7,236,335
19$11,011,814$2,642,835$770,827$7,598,152
20$11,562,405$2,774,977$809,368$7,978,059
21$12,140,525$2,913,726$849,837$8,376,962
22$12,747,551$3,059,412$892,329$8,795,810
23$13,384,929$3,212,383$936,945$9,235,601
24$14,054,175$3,373,002$983,792$9,697,381
25$14,756,884$3,541,652$1,032,982$10,182,250
26$15,494,729$3,718,735$1,084,631$10,691,363
27$16,269,465$3,904,672$1,138,863$11,225,931
28$17,082,938$4,099,905$1,195,806$11,787,227
29$17,937,085$4,304,900$1,255,596$12,376,589
30$18,833,939$4,520,145$1,318,376$12,995,418
Total$304,000,001$72,960,000$21,280,000$209,760,000
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