USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Mar 9, 2002

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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 $21,700,000 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, Mar 9, 2002
Jackpot:$21,700,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$386,913$104,189$15,090$267,635
2$402,390$109,606$15,693$277,091
3$418,485$115,239$16,321$286,925
4$435,225$121,098$16,974$297,153
5$452,634$127,191$17,653$307,790
6$470,739$133,528$18,359$318,852
7$489,569$140,118$19,093$330,357
8$509,151$146,972$19,857$342,322
9$529,517$154,100$20,651$354,766
10$550,698$161,514$21,477$367,707
11$572,726$169,223$22,336$381,166
12$595,635$177,242$23,230$395,164
13$619,460$185,580$24,159$409,721
14$644,239$194,326$25,125$424,788
15$670,008$203,860$26,130$440,018
16$696,809$213,776$27,176$455,857
17$724,681$224,089$28,263$472,329
18$753,668$234,815$29,393$489,461
19$783,815$245,969$30,569$507,277
20$815,168$257,569$31,792$525,807
21$847,774$269,634$33,063$545,077
22$881,685$282,181$34,386$565,119
23$916,953$295,230$35,761$585,962
24$953,631$308,801$37,192$607,639
25$991,776$322,914$38,679$630,182
26$1,031,447$337,593$40,226$653,628
27$1,072,705$352,858$41,835$678,011
28$1,115,613$368,734$43,509$703,370
29$1,160,238$385,245$45,249$729,743
30$1,206,647$402,417$47,059$757,171
Total$21,700,000$6,745,611$846,300$14,108,088

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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.