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Arkansas Powerball Jackpot Annuity Payout Schedule for Jul 20, 2024

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The tax information provided here is based on 2024 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 $91,000,000 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 money, as well as deductions claimed.

State:

Arkansas

Drawing Date:Sat, Jul 20, 2024
Jackpot:$91,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,369,681$464,970$53,418$851,293
2$1,438,165$490,309$56,088$891,768
3$1,510,073$516,915$58,893$934,265
4$1,585,577$544,851$61,837$978,888
5$1,664,855$574,184$64,929$1,025,742
6$1,748,098$604,984$68,176$1,074,938
7$1,835,503$637,324$71,585$1,126,595
8$1,927,278$671,281$75,164$1,180,834
9$2,023,642$706,935$78,922$1,237,785
10$2,124,824$744,373$82,868$1,297,583
11$2,231,065$783,682$87,012$1,360,372
12$2,342,619$824,957$91,362$1,426,300
13$2,459,750$868,295$95,930$1,495,524
14$2,582,737$913,800$100,727$1,568,210
15$2,711,874$961,581$105,763$1,644,530
16$2,847,468$1,011,751$111,051$1,724,666
17$2,989,841$1,064,429$116,604$1,808,808
18$3,139,333$1,119,741$122,434$1,897,158
19$3,296,300$1,177,819$128,556$1,989,925
20$3,461,115$1,238,800$134,983$2,087,331
21$3,634,170$1,302,831$141,733$2,189,607
22$3,815,879$1,370,063$148,819$2,296,997
23$4,006,673$1,440,657$156,260$2,409,756
24$4,207,006$1,514,780$164,073$2,528,153
25$4,417,357$1,592,610$172,277$2,652,470
26$4,638,225$1,674,331$180,891$2,783,003
27$4,870,136$1,760,138$189,935$2,920,063
28$5,113,643$1,850,236$199,432$3,063,975
29$5,369,325$1,944,838$209,404$3,215,083
30$5,637,791$2,044,170$219,874$3,373,747
Total$91,000,000$32,415,635$3,549,000$55,035,369

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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.