USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 10, 1992

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The tax information provided here is based on 2026 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 $29,500,000 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, Oct 10, 1992
Jackpot:$29,500,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$525,988$152,865$19,462$353,661
2$547,027$160,229$20,240$366,559
3$568,909$167,887$21,050$379,972
4$591,665$175,852$21,892$393,921
5$615,331$184,135$22,767$408,429
6$639,945$192,750$23,678$423,517
7$665,543$202,208$24,625$438,709
8$692,164$212,058$25,610$454,496
9$719,851$222,302$26,634$470,914
10$748,645$232,956$27,700$487,989
11$778,591$244,036$28,808$505,747
12$809,734$255,559$29,960$524,215
13$842,124$267,543$31,159$543,422
14$875,809$280,006$32,405$563,397
15$910,841$292,968$33,701$584,171
16$947,275$306,449$35,049$605,777
17$985,166$320,468$36,451$628,246
18$1,024,572$335,049$37,909$651,614
19$1,065,555$350,213$39,426$675,917
20$1,108,177$365,983$41,003$701,192
21$1,152,504$382,384$42,643$727,478
22$1,198,604$399,441$44,348$754,815
23$1,246,549$417,180$46,122$783,246
24$1,296,411$435,629$47,967$812,814
25$1,348,267$454,816$49,886$843,565
26$1,402,198$474,770$51,881$875,546
27$1,458,286$495,523$53,957$908,806
28$1,516,617$517,106$56,115$943,397
29$1,577,282$539,551$58,359$979,371
30$1,640,373$562,895$60,694$1,016,784
Total$29,500,000$9,600,811$1,091,501$18,807,687

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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.