USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 21, 1996

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $41,600,000 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:Sat, Dec 21, 1996
Jackpot:$41,600,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$741,732$232,629$28,928$480,176
2$771,401$243,606$30,085$497,710
3$802,257$255,023$31,288$515,946
4$834,348$266,896$32,540$534,912
5$867,722$279,245$33,841$554,636
6$902,431$292,087$35,195$575,149
7$938,528$305,443$36,603$596,482
8$976,069$319,333$38,067$618,669
9$1,015,112$333,779$39,589$641,743
10$1,055,716$348,803$41,173$665,740
11$1,097,945$364,427$42,820$690,698
12$1,141,863$380,677$44,533$716,653
13$1,187,537$397,576$46,314$743,647
14$1,235,039$415,152$48,167$771,720
15$1,284,440$433,431$50,093$800,916
16$1,335,818$452,440$52,097$831,280
17$1,389,250$472,210$54,181$862,859
18$1,444,820$492,771$56,348$895,701
19$1,502,613$514,155$58,602$929,857
20$1,562,718$536,393$60,946$965,378
21$1,625,226$559,522$63,384$1,002,321
22$1,690,235$583,575$65,919$1,040,741
23$1,757,845$608,590$68,556$1,080,699
24$1,828,159$634,606$71,298$1,122,254
25$1,901,285$661,663$74,150$1,165,472
26$1,977,336$689,802$77,116$1,210,418
27$2,056,430$719,067$80,201$1,257,162
28$2,138,687$749,502$83,409$1,305,776
29$2,224,235$781,155$86,745$1,356,335
30$2,313,204$814,073$90,215$1,408,916
Total$41,600,000$14,137,631$1,622,403$25,839,966

◄ Back to Jackpot Analysis

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.