USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Arkansas (Jul. 18, 2020 Drawing)

Media: You may freely use any information on this page, but you must credit www.usamega.com.

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 $97,000,000 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:  Jul. 18, 2020
Jackpot:$97,000,000
Federal Tax:  24%
State Tax:7.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,459,989$350,397$102,199$1,007,393
2$1,532,989$367,917$107,309$1,057,762
3$1,609,638$386,313$112,675$1,110,650
4$1,690,120$405,629$118,308$1,166,183
5$1,774,626$425,910$124,224$1,224,492
6$1,863,357$447,206$130,435$1,285,717
7$1,956,525$469,566$136,957$1,350,002
8$2,054,351$493,044$143,805$1,417,503
9$2,157,069$517,697$150,995$1,488,378
10$2,264,922$543,581$158,545$1,562,796
11$2,378,169$570,760$166,472$1,640,936
12$2,497,077$599,298$174,795$1,722,983
13$2,621,931$629,263$183,535$1,809,132
14$2,753,027$660,727$192,712$1,899,589
15$2,890,679$693,763$202,348$1,994,568
16$3,035,213$728,451$212,465$2,094,297
17$3,186,973$764,874$223,088$2,199,012
18$3,346,322$803,117$234,243$2,308,962
19$3,513,638$843,273$245,955$2,424,410
20$3,689,320$885,437$258,252$2,545,631
21$3,873,786$929,709$271,165$2,672,912
22$4,067,475$976,194$284,723$2,806,558
23$4,270,849$1,025,004$298,959$2,946,886
24$4,484,391$1,076,254$313,907$3,094,230
25$4,708,611$1,130,067$329,603$3,248,942
26$4,944,042$1,186,570$346,083$3,411,389
27$5,191,244$1,245,899$363,387$3,581,958
28$5,450,806$1,308,193$381,556$3,761,056
29$5,723,346$1,373,603$400,634$3,949,109
30$6,009,514$1,442,283$420,666$4,146,564
Total$97,000,000$23,280,000$6,790,000$66,930,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.