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Powerball Annuity Jackpot Analysis for Arkansas (Oct. 27, 2018 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 $687,800,000 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:  Oct. 27, 2018
Jackpot:$687,800,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,352,377$2,484,570$724,666$7,143,140
2$10,869,996$2,608,799$760,900$7,500,297
3$11,413,496$2,739,239$798,945$7,875,312
4$11,984,171$2,876,201$838,892$8,269,078
5$12,583,379$3,020,011$880,837$8,682,531
6$13,212,548$3,171,011$924,878$9,116,658
7$13,873,176$3,329,562$971,122$9,572,491
8$14,566,834$3,496,040$1,019,678$10,051,116
9$15,295,176$3,670,842$1,070,662$10,553,671
10$16,059,935$3,854,384$1,124,195$11,081,355
11$16,862,932$4,047,104$1,180,405$11,635,423
12$17,706,078$4,249,459$1,239,425$12,217,194
13$18,591,382$4,461,932$1,301,397$12,828,053
14$19,520,951$4,685,028$1,366,467$13,469,456
15$20,496,998$4,919,280$1,434,790$14,142,929
16$21,521,849$5,165,244$1,506,529$14,850,076
17$22,597,941$5,423,506$1,581,856$15,592,579
18$23,727,838$5,694,681$1,660,949$16,372,208
19$24,914,230$5,979,415$1,743,996$17,190,818
20$26,159,941$6,278,386$1,831,196$18,050,360
21$27,467,938$6,592,305$1,922,756$18,952,877
22$28,841,335$6,921,920$2,018,893$19,900,521
23$30,283,402$7,268,016$2,119,838$20,895,547
24$31,797,572$7,631,417$2,225,830$21,940,325
25$33,387,450$8,012,988$2,337,122$23,037,341
26$35,056,823$8,413,638$2,453,978$24,189,208
27$36,809,665$8,834,319$2,576,677$25,398,669
28$38,650,147$9,276,035$2,705,510$26,668,602
29$40,582,655$9,739,837$2,840,786$28,002,032
30$42,611,788$10,226,829$2,982,825$29,402,134
Total$687,800,001$165,072,000$48,146,000$474,582,001
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