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Arkansas Powerball Jackpot Annuity Payout Schedule for Apr 16, 2008

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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 $92,000,000 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:Wed, Apr 16, 2008
Jackpot:$92,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,640,369$565,124$63,974$1,011,270
2$1,705,984$589,402$66,533$1,050,049
3$1,774,223$614,650$69,195$1,090,378
4$1,845,192$640,909$71,962$1,132,321
5$1,919,000$668,218$74,841$1,175,941
6$1,995,760$696,619$77,835$1,221,306
7$2,075,590$726,156$80,948$1,268,486
8$2,158,614$756,875$84,186$1,317,553
9$2,244,958$788,822$87,553$1,368,583
10$2,334,757$822,048$91,056$1,421,653
11$2,428,147$856,602$94,698$1,476,847
12$2,525,273$892,539$98,486$1,534,249
13$2,626,284$929,913$102,425$1,593,946
14$2,731,335$968,782$106,522$1,656,031
15$2,840,589$1,009,206$110,783$1,720,600
16$2,954,212$1,051,246$115,214$1,787,752
17$3,072,381$1,094,969$119,823$1,857,589
18$3,195,276$1,140,440$124,616$1,930,220
19$3,323,087$1,187,730$129,600$2,005,757
20$3,456,010$1,236,912$134,784$2,084,314
21$3,594,251$1,288,061$140,176$2,166,014
22$3,738,021$1,341,255$145,783$2,250,983
23$3,887,542$1,396,578$151,614$2,339,349
24$4,043,043$1,454,114$157,679$2,431,251
25$4,204,765$1,513,951$163,986$2,526,828
26$4,372,956$1,576,181$170,545$2,626,229
27$4,547,874$1,640,901$177,367$2,729,606
28$4,729,789$1,708,210$184,462$2,837,117
29$4,918,980$1,778,210$191,840$2,948,930
30$5,115,740$1,851,011$199,514$3,065,214
Total$92,000,000$32,785,634$3,588,000$55,626,366

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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.