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Arkansas Powerball Jackpot Annuity Payout Schedule for Feb 18, 2006

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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 $365,000,000 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, Feb 18, 2006
Jackpot:$365,000,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,507,986$2,363,912$240,795$3,903,279
2$6,768,306$2,460,230$250,427$4,057,648
3$7,039,038$2,560,401$260,444$4,218,192
4$7,320,599$2,664,579$270,862$4,385,158
5$7,613,423$2,772,924$281,697$4,558,803
6$7,917,960$2,885,603$292,965$4,739,393
7$8,234,679$3,002,788$304,683$4,927,207
8$8,564,066$3,124,662$316,870$5,122,534
9$8,906,628$3,251,410$329,545$5,325,673
10$9,262,894$3,383,228$342,727$5,536,939
11$9,633,409$3,520,319$356,436$5,756,654
12$10,018,746$3,662,893$370,694$5,985,159
13$10,419,496$3,811,171$385,521$6,222,804
14$10,836,275$3,965,379$400,942$6,469,954
15$11,269,726$4,125,756$416,980$6,726,991
16$11,720,515$4,292,548$433,659$6,994,308
17$12,189,336$4,466,012$451,005$7,272,319
18$12,676,910$4,646,414$469,046$7,561,450
19$13,183,986$4,834,032$487,807$7,862,146
20$13,711,345$5,029,155$507,320$8,174,871
21$14,259,799$5,232,083$527,613$8,500,104
22$14,830,191$5,443,128$548,717$8,838,346
23$15,423,399$5,662,615$570,666$9,190,118
24$16,040,335$5,890,881$593,492$9,555,961
25$16,681,948$6,128,278$617,232$9,936,438
26$17,349,226$6,375,171$641,921$10,332,134
27$18,043,195$6,631,939$667,598$10,743,657
28$18,764,923$6,898,979$694,302$11,171,642
29$19,515,520$7,176,700$722,074$11,616,746
30$20,296,141$7,465,529$750,957$12,079,654
Total$365,000,000$133,728,719$13,504,997$217,766,282

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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.