USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Apr 9, 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 $18,700,000 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, Apr 9, 2005
Jackpot:$18,700,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$333,423$85,467$13,003$234,952
2$346,760$90,135$13,524$243,101
3$360,630$94,990$14,065$251,576
4$375,055$100,039$14,627$260,390
5$390,058$105,289$15,212$269,556
6$405,660$110,750$15,821$279,089
7$421,886$116,429$16,454$289,003
8$438,762$122,336$17,112$299,314
9$456,312$128,479$17,796$310,038
10$474,565$134,867$18,508$321,190
11$493,547$141,511$19,248$332,788
12$513,289$148,420$20,018$344,850
13$533,821$155,607$20,819$357,395
14$555,174$163,080$21,652$370,442
15$577,381$170,852$22,518$384,010
16$600,476$178,936$23,419$398,121
17$624,495$187,342$24,355$412,797
18$649,475$196,263$25,330$427,882
19$675,454$205,875$26,343$443,236
20$702,472$215,872$27,396$459,204
21$730,571$226,268$28,492$475,810
22$759,793$237,081$29,632$493,081
23$790,185$248,326$30,817$511,042
24$821,792$260,020$32,050$529,722
25$854,664$272,183$33,332$549,149
26$888,851$284,832$34,665$569,354
27$924,405$297,987$36,052$590,366
28$961,381$311,668$37,494$612,219
29$999,836$325,897$38,994$634,946
30$1,039,830$340,694$40,553$658,582
Total$18,700,000$5,657,495$729,301$12,313,205

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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.