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

Powerball Annuity Jackpot Analysis for Arkansas (Sep. 23, 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 $22,000,000 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:  Sep. 23, 2020
Jackpot:$22,000,000
Federal Tax:  24%
State Tax:6.60%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$79,472$21,855$229,805
2$347,688$83,445$22,947$241,296
3$365,073$87,617$24,095$253,360
4$383,326$91,998$25,300$266,028
5$402,492$96,598$26,565$279,330
6$422,617$101,428$27,893$293,296
7$443,748$106,500$29,287$307,961
8$465,935$111,824$30,752$323,359
9$489,232$117,416$32,289$339,527
10$513,694$123,287$33,904$356,503
11$539,378$129,451$35,599$374,329
12$566,347$135,923$37,379$393,045
13$594,665$142,720$39,248$412,697
14$624,398$149,856$41,210$433,332
15$655,618$157,348$43,271$454,999
16$688,399$165,216$45,434$477,749
17$722,819$173,476$47,706$501,636
18$758,960$182,150$50,091$526,718
19$796,908$191,258$52,596$553,054
20$836,753$200,821$55,226$580,707
21$878,591$210,862$57,987$609,742
22$922,520$221,405$60,886$640,229
23$968,646$232,475$63,931$672,240
24$1,017,078$244,099$67,127$705,852
25$1,067,932$256,304$70,484$741,145
26$1,121,329$269,119$74,008$778,202
27$1,177,395$282,575$77,708$817,112
28$1,236,265$296,704$81,594$857,968
29$1,298,079$311,539$85,673$900,866
30$1,362,982$327,116$89,957$945,910
Total$22,000,000$5,280,000$1,452,000$15,268,000
<( 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.