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Arkansas Powerball Jackpot Annuity Payout Schedule for Sep 4, 2002

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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 $70,100,000 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, Sep 4, 2002
Jackpot:$70,100,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,249,890$420,647$54,995$774,248
2$1,299,886$439,145$57,195$803,545
3$1,351,881$458,384$59,483$834,014
4$1,405,956$478,392$61,862$865,703
5$1,462,194$499,200$64,337$898,658
6$1,520,682$520,840$66,910$932,932
7$1,581,510$543,346$69,586$968,577
8$1,644,770$566,753$72,370$1,005,647
9$1,710,561$591,095$75,265$1,044,201
10$1,778,983$616,412$78,275$1,084,296
11$1,850,142$642,740$81,406$1,125,996
12$1,924,148$670,123$84,663$1,169,363
13$2,001,114$698,600$88,049$1,214,465
14$2,081,159$728,216$91,571$1,261,371
15$2,164,405$759,018$95,234$1,310,154
16$2,250,981$791,051$99,043$1,360,887
17$2,341,020$824,365$103,005$1,413,650
18$2,434,661$859,012$107,125$1,468,524
19$2,532,048$895,045$111,410$1,525,592
20$2,633,330$932,520$115,867$1,584,943
21$2,738,663$971,493$120,501$1,646,669
22$2,848,209$1,012,025$125,321$1,710,863
23$2,962,138$1,054,179$130,334$1,777,625
24$3,080,623$1,098,018$135,547$1,847,057
25$3,203,848$1,143,612$140,969$1,919,267
26$3,332,002$1,191,029$146,608$1,994,365
27$3,465,282$1,240,342$152,472$2,072,468
28$3,603,893$1,291,628$158,571$2,153,694
29$3,748,049$1,344,966$164,914$2,238,169
30$3,897,971$1,400,437$171,511$2,326,023
Total$70,100,000$24,682,633$3,084,399$42,332,966

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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.