USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 21, 2001

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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 $16,200,000 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, Nov 21, 2001
Jackpot:$16,200,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$288,848$69,866$11,265$207,717
2$300,402$73,910$11,716$214,776
3$312,418$78,115$12,184$222,118
4$324,914$82,489$12,672$229,753
5$337,911$87,038$13,179$237,694
6$351,427$91,769$13,706$245,953
7$365,484$96,689$14,254$254,542
8$380,104$101,806$14,824$263,474
9$395,308$107,127$15,417$272,764
10$411,120$112,661$16,034$282,425
11$427,565$118,417$16,675$292,473
12$444,668$124,403$17,342$302,923
13$462,454$130,628$18,036$313,790
14$480,952$137,103$18,757$325,093
15$500,191$143,836$19,507$336,847
16$520,198$150,839$20,288$349,072
17$541,006$158,121$21,099$361,786
18$562,646$165,695$21,943$375,008
19$585,152$173,573$22,821$388,759
20$608,558$181,765$23,734$403,060
21$632,901$190,284$24,683$417,933
22$658,217$199,497$25,670$433,049
23$684,545$209,239$26,697$448,609
24$711,927$219,370$27,765$464,792
25$740,404$229,907$28,876$481,622
26$770,020$240,865$30,031$499,125
27$800,821$252,261$31,232$517,328
28$832,854$264,113$32,481$536,260
29$866,168$276,440$33,781$555,948
30$900,815$289,259$35,132$576,424
Total$16,200,000$4,757,085$631,801$10,811,117

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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.