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Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 10, 2004

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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 $52,700,000 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:Wed, Nov 10, 2004
Jackpot:$52,700,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$939,646$303,626$36,646$599,374
2$977,232$317,533$38,112$621,587
3$1,016,321$331,996$39,637$644,689
4$1,056,974$347,038$41,222$668,715
5$1,099,253$362,681$42,871$693,701
6$1,143,223$378,950$44,586$719,688
7$1,188,952$395,870$46,369$746,714
8$1,236,510$413,466$48,224$774,820
9$1,285,971$431,766$50,153$804,051
10$1,337,410$450,799$52,159$834,452
11$1,390,906$470,592$54,245$866,068
12$1,446,542$491,178$56,415$898,949
13$1,504,404$512,587$58,672$933,145
14$1,564,580$534,852$61,019$968,710
15$1,627,163$558,008$63,459$1,005,696
16$1,692,250$582,090$65,998$1,044,162
17$1,759,940$607,135$68,638$1,084,167
18$1,830,337$633,182$71,383$1,125,772
19$1,903,551$660,271$74,238$1,169,041
20$1,979,693$688,444$77,208$1,214,041
21$2,058,881$717,743$80,296$1,260,841
22$2,141,236$748,215$83,508$1,309,513
23$2,226,885$779,905$86,849$1,360,132
24$2,315,961$812,863$90,322$1,412,775
25$2,408,599$847,139$93,935$1,467,525
26$2,504,943$882,786$97,693$1,524,464
27$2,605,141$919,859$101,600$1,583,681
28$2,709,346$958,415$105,665$1,645,266
29$2,817,720$998,514$109,891$1,709,315
30$2,930,429$1,040,216$114,287$1,775,926
Total$52,700,000$18,177,719$2,055,300$32,466,980

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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.