USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Apr 26, 1995

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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 $7,600,000 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:Wed, Apr 26, 1995
Jackpot:$7,600,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,509$25,120$5,285$105,104
2$140,929$26,421$5,496$109,012
3$146,566$27,774$5,716$113,076
4$152,429$29,181$5,945$117,303
5$158,526$30,644$6,183$121,699
6$164,867$32,166$6,430$126,271
7$171,462$33,749$6,687$131,026
8$178,320$35,395$6,954$135,971
9$185,453$37,107$7,233$141,114
10$192,871$38,887$7,522$146,462
11$200,586$40,739$7,823$152,025
12$208,610$43,211$8,136$157,263
13$216,954$45,881$8,461$162,611
14$225,632$48,658$8,800$168,174
15$234,657$51,546$9,152$173,959
16$244,044$54,550$9,518$179,976
17$253,805$57,674$9,898$186,233
18$263,958$61,154$10,294$192,509
19$274,516$64,850$10,706$198,960
20$285,497$68,693$11,134$205,669
21$296,916$72,690$11,580$212,647
22$308,793$76,847$12,043$219,903
23$321,145$81,170$12,525$227,450
24$333,991$85,666$13,026$235,299
25$347,350$90,342$13,547$243,462
26$361,244$95,205$14,089$251,951
27$375,694$100,262$14,652$260,780
28$390,722$105,522$15,238$269,962
29$406,351$110,992$15,848$279,511
30$422,605$116,681$16,482$289,442
Total$7,600,000$1,788,777$296,403$5,514,824

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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.