USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Jul 22, 2000

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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 $65,400,000 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, Jul 22, 2000
Jackpot:$65,400,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,166,088$387,410$43,145$735,533
2$1,212,732$404,668$44,871$763,193
3$1,261,241$422,617$46,666$791,959
4$1,311,691$441,283$48,533$821,875
5$1,364,159$460,696$50,474$852,989
6$1,418,725$480,885$52,493$885,347
7$1,475,474$501,883$54,593$918,999
8$1,534,493$523,720$56,776$953,997
9$1,595,873$546,430$59,047$990,395
10$1,659,708$570,049$61,409$1,028,249
11$1,726,096$594,613$63,866$1,067,618
12$1,795,140$620,159$66,420$1,108,561
13$1,866,945$646,727$69,077$1,151,141
14$1,941,623$674,358$71,840$1,195,425
15$2,019,288$703,094$74,714$1,241,481
16$2,100,059$732,979$77,702$1,289,378
17$2,184,062$764,060$80,810$1,339,191
18$2,271,424$796,384$84,043$1,390,997
19$2,362,281$830,001$87,404$1,444,876
20$2,456,773$864,963$90,901$1,500,909
21$2,555,043$901,323$94,537$1,559,184
22$2,657,245$939,138$98,318$1,619,789
23$2,763,535$978,465$102,251$1,682,819
24$2,874,076$1,019,366$106,341$1,748,370
25$2,989,039$1,061,902$110,594$1,816,543
26$3,108,601$1,106,140$115,018$1,887,443
27$3,232,945$1,152,147$119,619$1,961,179
28$3,362,263$1,199,995$124,404$2,037,865
29$3,496,753$1,249,756$129,380$2,117,618
30$3,636,624$1,301,508$134,555$2,200,561
Total$65,400,000$22,876,719$2,419,801$40,103,484

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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.