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Powerball Annuity Jackpot Analysis for Arkansas (Jan. 16, 2019 Drawing)

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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 $112,000,000 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:  Jan. 16, 2019
Jackpot:$112,000,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,685,761$404,583$118,003$1,163,175
2$1,770,049$424,812$123,903$1,221,334
3$1,858,551$446,052$130,099$1,282,400
4$1,951,479$468,355$136,604$1,346,520
5$2,049,053$491,773$143,434$1,413,846
6$2,151,505$516,361$150,605$1,484,539
7$2,259,081$542,179$158,136$1,558,766
8$2,372,035$569,288$166,042$1,636,704
9$2,490,636$597,753$174,345$1,718,539
10$2,615,168$627,640$183,062$1,804,466
11$2,745,927$659,022$192,215$1,894,689
12$2,883,223$691,974$201,826$1,989,424
13$3,027,384$726,572$211,917$2,088,895
14$3,178,753$762,901$222,513$2,193,340
15$3,337,691$801,046$233,638$2,303,007
16$3,504,576$841,098$245,320$2,418,157
17$3,679,804$883,153$257,586$2,539,065
18$3,863,794$927,311$270,466$2,666,018
19$4,056,984$973,676$283,989$2,799,319
20$4,259,833$1,022,360$298,188$2,939,285
21$4,472,825$1,073,478$313,098$3,086,249
22$4,696,466$1,127,152$328,753$3,240,562
23$4,931,290$1,183,510$345,190$3,402,590
24$5,177,854$1,242,685$362,450$3,572,719
25$5,436,747$1,304,819$380,572$3,751,355
26$5,708,584$1,370,060$399,601$3,938,923
27$5,994,013$1,438,563$419,581$4,135,869
28$6,293,714$1,510,491$440,560$4,342,663
29$6,608,400$1,586,016$462,588$4,559,796
30$6,938,820$1,665,317$485,717$4,787,786
Total$112,000,000$26,880,000$7,840,000$77,280,000
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