USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Feb 8, 2023

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $20,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Arkansas

Drawing Date:Wed, Feb 8, 2023
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,113$14,750$207,165
2$316,080$84,381$15,488$216,211
3$331,884$89,912$16,262$225,709
4$348,478$95,720$17,075$235,682
5$365,902$101,819$17,929$246,154
6$384,197$108,222$18,826$257,150
7$403,407$114,946$19,767$268,695
8$423,578$122,005$20,755$280,817
9$444,757$129,418$21,793$293,546
10$466,994$137,201$22,883$306,911
11$490,344$145,373$24,027$320,944
12$514,861$153,954$25,228$335,679
13$540,604$162,979$26,490$351,136
14$567,635$172,980$27,814$366,841
15$596,016$183,481$29,205$383,330
16$625,817$194,507$30,665$400,645
17$657,108$206,085$32,198$418,825
18$689,963$218,241$33,808$437,914
19$724,461$231,006$35,499$457,957
20$760,685$244,408$37,274$479,003
21$798,719$258,481$39,137$501,101
22$838,655$273,257$41,094$524,303
23$880,587$288,772$43,149$548,666
24$924,617$305,063$45,306$574,247
25$970,848$322,169$47,572$601,107
26$1,019,390$340,129$49,950$629,311
27$1,070,360$358,988$52,448$658,924
28$1,123,878$378,790$55,070$690,018
29$1,180,071$399,581$57,823$722,666
30$1,239,075$421,413$60,715$756,948
Total$20,000,000$6,322,394$980,000$12,697,605

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.