USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Apr 23, 2008

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $126,400,000 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 23, 2008
Jackpot:$126,400,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,253,725$792,066$87,895$1,373,763
2$2,343,874$825,421$91,411$1,427,041
3$2,437,628$860,110$95,068$1,482,451
4$2,535,134$896,187$98,870$1,540,076
5$2,636,539$933,707$102,825$1,600,007
6$2,742,000$972,728$106,938$1,662,335
7$2,851,681$1,013,310$111,216$1,727,155
8$2,965,748$1,055,514$115,664$1,794,569
9$3,084,378$1,099,407$120,291$1,864,679
10$3,207,753$1,145,056$125,102$1,937,594
11$3,336,063$1,192,531$130,106$2,013,425
12$3,469,505$1,241,905$135,311$2,092,290
13$3,608,286$1,293,253$140,723$2,174,309
14$3,752,617$1,346,656$146,352$2,259,609
15$3,902,722$1,402,195$152,206$2,348,321
16$4,058,831$1,459,955$158,294$2,440,581
17$4,221,184$1,520,026$164,626$2,536,532
18$4,390,031$1,582,499$171,211$2,636,321
19$4,565,632$1,647,472$178,060$2,740,101
20$4,748,258$1,715,043$185,182$2,848,033
21$4,938,188$1,785,317$192,589$2,960,281
22$5,135,715$1,858,402$200,293$3,077,020
23$5,341,144$1,934,411$208,305$3,198,428
24$5,554,790$2,013,460$216,637$3,324,693
25$5,776,981$2,095,671$225,302$3,456,008
26$6,008,061$2,181,170$234,314$3,592,576
27$6,248,383$2,270,090$243,687$3,734,607
28$6,498,318$2,362,566$253,434$3,882,318
29$6,758,251$2,458,741$263,572$4,035,939
30$7,028,581$2,558,763$274,115$4,195,704
Total$126,400,000$45,513,632$4,929,599$75,956,766

◄ Back to Jackpot Analysis

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.