USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Jun 18, 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 $43,600,000 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, Jun 18, 2005
Jackpot:$43,600,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$777,392$243,592$30,318$503,482
2$808,488$255,098$31,531$521,859
3$840,828$267,063$32,792$540,972
4$874,461$279,508$34,104$560,849
5$909,439$292,450$35,468$581,521
6$945,817$305,909$36,887$603,020
7$983,649$319,907$38,362$625,379
8$1,022,995$334,465$39,897$648,633
9$1,063,915$349,606$41,493$672,817
10$1,106,472$365,352$43,152$697,968
11$1,150,731$381,728$44,878$724,125
12$1,196,760$398,758$46,674$751,328
13$1,244,630$416,470$48,541$779,619
14$1,294,415$434,891$50,482$809,042
15$1,346,192$454,048$52,501$839,642
16$1,400,040$473,972$54,602$871,466
17$1,456,041$494,693$56,786$904,563
18$1,514,283$516,242$59,057$938,984
19$1,574,854$538,653$61,419$974,782
20$1,637,848$561,961$63,876$1,012,011
21$1,703,362$586,201$66,431$1,050,730
22$1,771,497$611,411$69,088$1,090,997
23$1,842,357$637,629$71,852$1,132,876
24$1,916,051$664,896$74,726$1,176,429
25$1,992,693$693,254$77,715$1,221,724
26$2,072,401$722,746$80,824$1,268,832
27$2,155,297$753,417$84,057$1,317,823
28$2,241,509$785,315$87,419$1,368,774
29$2,331,169$818,490$90,916$1,421,764
30$2,424,416$852,991$94,552$1,476,872
Total$43,600,000$14,810,716$1,700,400$27,088,883

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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.