USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Mar 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 $19,100,000 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:Sat, Mar 26, 2005
Jackpot:$19,100,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$340,555$87,963$12,601$239,991
2$354,177$92,731$13,105$248,341
3$368,344$97,690$13,629$257,026
4$383,078$102,847$14,174$266,058
5$398,401$108,210$14,741$275,451
6$414,337$113,787$15,330$285,219
7$430,911$119,588$15,944$295,379
8$448,147$125,621$16,581$305,945
9$466,073$131,895$17,245$316,933
10$484,716$138,420$17,934$328,362
11$504,104$145,206$18,652$340,247
12$524,269$152,263$19,398$352,607
13$545,239$159,603$20,174$365,462
14$567,049$167,236$20,981$378,832
15$589,731$175,175$21,820$392,736
16$613,320$183,431$22,693$407,196
17$637,853$192,018$23,601$422,235
18$663,367$201,403$24,545$437,419
19$689,902$211,221$25,526$453,154
20$717,498$221,431$26,547$469,519
21$746,198$232,050$27,609$486,538
22$776,046$243,094$28,714$504,238
23$807,087$254,580$29,862$522,646
24$839,371$266,524$31,057$541,790
25$872,946$278,947$32,299$561,700
26$907,864$291,867$33,591$582,406
27$944,178$305,303$34,935$603,940
28$981,945$319,277$36,332$626,336
29$1,021,223$333,810$37,785$649,628
30$1,062,072$348,924$39,297$673,851
Total$19,100,000$5,802,115$706,702$12,591,185

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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.