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Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 26, 2005

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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 $57,300,000 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, Nov 26, 2005
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$333,973$39,845$647,847
2$1,062,531$349,094$41,439$671,999
3$1,105,033$364,819$43,096$697,117
4$1,149,234$381,174$44,820$723,240
5$1,195,203$398,182$46,613$750,408
6$1,243,011$415,871$48,477$778,662
7$1,292,732$434,268$50,417$808,047
8$1,344,441$453,400$52,433$838,607
9$1,398,219$473,298$54,531$870,390
10$1,454,147$493,992$56,712$903,444
11$1,512,313$515,513$58,980$937,820
12$1,572,806$537,895$61,339$973,571
13$1,635,718$561,173$63,793$1,010,752
14$1,701,147$585,382$66,345$1,049,421
15$1,769,193$610,559$68,999$1,089,636
16$1,839,960$636,743$71,758$1,131,459
17$1,913,559$663,974$74,629$1,174,956
18$1,990,101$692,295$77,614$1,220,193
19$2,069,705$721,748$80,719$1,267,239
20$2,152,493$752,380$83,947$1,316,166
21$2,238,593$784,237$87,305$1,367,051
22$2,328,137$817,368$90,797$1,419,972
23$2,421,262$851,824$94,429$1,475,009
24$2,518,113$887,659$98,206$1,532,247
25$2,618,837$924,927$102,135$1,591,776
26$2,723,591$963,686$106,220$1,653,685
27$2,832,534$1,003,995$110,469$1,718,071
28$2,945,836$1,045,917$114,888$1,785,032
29$3,063,669$1,089,515$119,483$1,854,671
30$3,186,216$1,134,857$124,262$1,927,096
Total$57,300,000$19,879,718$2,234,700$35,185,584

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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.