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Arkansas Powerball Jackpot Annuity Payout Schedule for Feb 24, 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 $376,000,000 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, Feb 24, 2024
Jackpot:$376,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,659,340$2,052,143$249,011$3,358,185
2$5,942,307$2,156,841$261,461$3,524,004
3$6,239,422$2,266,774$274,535$3,698,113
4$6,551,393$2,382,203$288,261$3,880,929
5$6,878,962$2,503,404$302,674$4,072,884
6$7,222,911$2,630,665$317,808$4,274,438
7$7,584,056$2,764,289$333,698$4,486,069
8$7,963,259$2,904,594$350,383$4,708,282
9$8,361,422$3,051,914$367,903$4,941,606
10$8,779,493$3,206,600$386,298$5,186,595
11$9,218,468$3,369,021$405,613$5,443,834
12$9,679,391$3,539,563$425,893$5,713,936
13$10,163,361$3,718,631$447,188$5,997,542
14$10,671,529$3,906,653$469,547$6,295,328
15$11,205,105$4,104,077$493,025$6,608,004
16$11,765,361$4,311,371$517,676$6,936,314
17$12,353,629$4,529,030$543,560$7,281,039
18$12,971,310$4,757,572$570,738$7,643,000
19$13,619,875$4,997,542$599,275$8,023,059
20$14,300,869$5,249,509$629,238$8,422,122
21$15,015,913$5,514,075$660,700$8,841,137
22$15,766,708$5,791,870$693,735$9,281,103
23$16,555,044$6,083,554$728,422$9,743,068
24$17,382,796$6,389,822$764,843$10,228,131
25$18,251,936$6,711,404$803,085$10,737,447
26$19,164,533$7,049,065$843,239$11,272,228
27$20,122,759$7,403,609$885,401$11,833,749
28$21,128,897$7,775,880$929,671$12,423,346
29$22,185,342$8,166,764$976,155$13,042,423
30$23,294,609$8,577,193$1,024,963$13,692,453
Total$376,000,001$137,865,632$16,543,999$221,590,368

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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.