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Arkansas Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$697,067$77,882$1,222,022
2$2,076,850$726,622$80,997$1,269,231
3$2,159,924$757,360$84,237$1,318,327
4$2,246,321$789,326$87,607$1,369,388
5$2,336,174$822,572$91,111$1,422,491
6$2,429,621$857,147$94,755$1,477,718
7$2,526,806$893,106$98,545$1,535,154
8$2,627,878$930,503$102,487$1,594,888
9$2,732,993$969,395$106,587$1,657,011
10$2,842,313$1,009,843$110,850$1,721,619
11$2,956,005$1,051,910$115,284$1,788,811
12$3,074,245$1,095,658$119,896$1,858,691
13$3,197,215$1,141,157$124,691$1,931,366
14$3,325,104$1,188,476$129,679$2,006,949
15$3,458,108$1,237,688$134,866$2,085,554
16$3,596,432$1,288,868$140,261$2,167,304
17$3,740,289$1,342,095$145,871$2,252,323
18$3,889,901$1,397,451$151,706$2,340,744
19$4,045,497$1,455,022$157,774$2,432,701
20$4,207,317$1,514,895$164,085$2,528,337
21$4,375,610$1,577,163$170,649$2,627,798
22$4,550,634$1,641,922$177,475$2,731,237
23$4,732,659$1,709,272$184,574$2,838,814
24$4,921,966$1,779,315$191,957$2,950,694
25$5,118,844$1,852,160$199,635$3,067,049
26$5,323,598$1,927,919$207,620$3,188,059
27$5,536,542$2,006,708$215,925$3,313,909
28$5,758,004$2,088,649$224,562$3,444,792
29$5,988,324$2,173,868$233,545$3,580,912
30$6,227,857$2,262,495$242,886$3,722,476
Total$112,000,000$40,185,632$4,367,999$67,446,369

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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.