USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Mar 26, 1997

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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 $52,900,000 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, Mar 26, 1997
Jackpot:$52,900,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$943,212$304,946$34,899$603,368
2$980,941$318,905$36,295$625,741
3$1,020,178$333,423$37,747$649,009
4$1,060,985$348,522$39,256$673,207
5$1,103,425$364,224$40,827$698,374
6$1,147,562$380,555$42,460$724,547
7$1,193,464$397,539$44,158$751,767
8$1,241,203$415,202$45,925$780,076
9$1,290,851$433,572$47,761$809,517
10$1,342,485$452,677$49,672$840,136
11$1,396,185$472,546$51,659$871,980
12$1,452,032$493,209$53,725$905,098
13$1,510,113$514,699$55,874$939,540
14$1,570,518$537,049$58,109$975,360
15$1,633,338$560,292$60,434$1,012,612
16$1,698,672$584,466$62,851$1,051,355
17$1,766,619$609,606$65,365$1,091,648
18$1,837,284$635,752$67,979$1,133,552
19$1,910,775$662,944$70,699$1,177,132
20$1,987,206$691,223$73,527$1,222,456
21$2,066,694$720,634$76,468$1,269,592
22$2,149,362$751,221$79,526$1,318,614
23$2,235,336$783,032$82,707$1,369,597
24$2,324,750$816,115$86,016$1,422,619
25$2,417,740$850,521$89,456$1,477,762
26$2,514,449$886,304$93,035$1,535,111
27$2,615,027$923,517$96,756$1,594,754
28$2,719,629$962,220$100,626$1,656,782
29$2,828,414$1,002,470$104,651$1,721,292
30$2,941,550$1,044,331$108,837$1,788,382
Total$52,900,000$18,251,716$1,957,300$32,690,980

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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.