USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 27, 1999

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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 $27,300,000 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, Nov 27, 1999
Jackpot:$27,300,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$486,762$139,136$18,010$329,616
2$506,232$145,951$18,731$341,551
3$526,481$153,038$19,480$353,964
4$547,541$160,409$20,259$366,873
5$569,442$168,074$21,069$380,299
6$592,220$176,046$21,912$394,262
7$615,909$184,337$22,789$408,783
8$640,545$192,960$23,700$423,885
9$666,167$202,439$24,648$439,080
10$692,814$212,298$25,634$454,881
11$720,526$222,552$26,659$471,315
12$749,347$233,216$27,726$488,406
13$779,321$244,306$28,835$506,180
14$810,494$255,840$29,988$524,666
15$842,914$267,835$31,188$543,891
16$876,630$280,310$32,435$563,885
17$911,696$293,285$33,733$584,678
18$948,163$306,778$35,082$606,304
19$986,090$320,811$36,485$628,794
20$1,025,533$335,405$37,945$652,184
21$1,066,555$350,583$39,463$676,510
22$1,109,217$366,368$41,041$701,808
23$1,153,586$382,784$42,683$728,119
24$1,199,729$399,857$44,390$755,482
25$1,247,718$417,613$46,166$783,940
26$1,297,627$436,079$48,012$813,536
27$1,349,532$455,284$49,933$844,315
28$1,403,513$475,257$51,930$876,326
29$1,459,654$496,029$54,007$909,618
30$1,518,040$517,632$56,167$944,241
Total$27,300,000$8,792,512$1,010,100$17,497,392

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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.