USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for May 17, 1997

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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 $11,000,000 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, May 17, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$196,131$40,448$7,649$148,034
2$203,976$42,959$7,955$153,062
3$212,135$45,570$8,273$158,292
4$220,621$48,285$8,604$163,731
5$229,446$51,109$8,948$169,388
6$238,623$54,046$9,306$175,271
7$248,168$57,234$9,679$181,256
8$258,095$60,708$10,066$187,321
9$268,419$64,321$10,468$193,629
10$279,156$68,079$10,887$200,189
11$290,322$71,987$11,323$207,012
12$301,935$76,052$11,775$214,107
13$314,012$80,279$12,246$221,487
14$326,573$84,675$12,736$229,161
15$339,636$89,247$13,246$237,143
16$353,221$94,002$13,776$245,443
17$367,350$98,947$14,327$254,076
18$382,044$104,090$14,900$263,054
19$397,326$109,439$15,496$272,391
20$413,219$115,001$16,116$282,102
21$429,747$120,786$16,760$292,201
22$446,937$126,803$17,431$302,704
23$464,815$133,060$18,128$313,627
24$483,407$139,567$18,853$324,987
25$502,744$146,335$19,607$336,802
26$522,853$153,373$20,391$349,089
27$543,768$160,693$21,207$361,867
28$565,518$168,306$22,055$375,157
29$588,139$176,223$22,937$388,978
30$611,665$184,504$23,855$403,306
Total$11,000,000$2,966,128$429,000$7,604,867

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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.