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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 $154,000,000 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:  Wed, Aug 31, 2016
Jackpot:$154,000,000
Federal Tax:  25%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,317,921$579,480$162,254$1,576,186
2$2,433,817$608,454$170,367$1,654,996
3$2,555,508$638,877$178,886$1,737,745
4$2,683,283$670,821$187,830$1,824,633
5$2,817,447$704,362$197,221$1,915,864
6$2,958,320$739,580$207,082$2,011,657
7$3,106,236$776,559$217,437$2,112,240
8$3,261,548$815,387$228,308$2,217,852
9$3,424,625$856,156$239,724$2,328,745
10$3,595,856$898,964$251,710$2,445,182
11$3,775,649$943,912$264,295$2,567,441
12$3,964,432$991,108$277,510$2,695,813
13$4,162,653$1,040,663$291,386$2,830,604
14$4,370,786$1,092,696$305,955$2,972,134
15$4,589,325$1,147,331$321,253$3,120,741
16$4,818,791$1,204,698$337,315$3,276,778
17$5,059,731$1,264,933$354,181$3,440,617
18$5,312,717$1,328,179$371,890$3,612,648
19$5,578,353$1,394,588$390,485$3,793,280
20$5,857,271$1,464,318$410,009$3,982,944
21$6,150,134$1,537,534$430,509$4,182,091
22$6,457,641$1,614,410$452,035$4,391,196
23$6,780,523$1,695,131$474,637$4,610,756
24$7,119,549$1,779,887$498,368$4,841,294
25$7,475,527$1,868,882$523,287$5,083,358
26$7,849,303$1,962,326$549,451$5,337,526
27$8,241,768$2,060,442$576,924$5,604,403
28$8,653,857$2,163,464$605,770$5,884,623
29$9,086,550$2,271,637$636,058$6,178,854
30$9,540,877$2,385,219$667,861$6,487,796
Total$154,000,000$38,500,000$10,780,000$104,720,000
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