USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Jan 17, 2009

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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 $163,200,000 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, Jan 17, 2009
Jackpot:$163,200,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,909,872$1,032,610$107,665$1,769,597
2$3,026,267$1,075,676$111,972$1,838,619
3$3,147,318$1,120,465$116,451$1,910,402
4$3,273,210$1,167,045$121,109$1,985,057
5$3,404,139$1,215,489$125,953$2,062,697
6$3,540,304$1,265,870$130,991$2,143,443
7$3,681,917$1,318,266$136,231$2,227,419
8$3,829,193$1,372,759$141,680$2,314,754
9$3,982,361$1,429,431$147,347$2,405,583
10$4,141,655$1,488,370$153,241$2,500,044
11$4,307,322$1,549,666$159,371$2,598,284
12$4,479,615$1,613,415$165,746$2,700,454
13$4,658,799$1,679,713$172,376$2,806,711
14$4,845,151$1,748,663$179,271$2,917,217
15$5,038,957$1,820,371$186,441$3,032,144
16$5,240,515$1,894,948$193,899$3,151,668
17$5,450,136$1,972,508$201,655$3,275,973
18$5,668,141$2,053,170$209,721$3,405,251
19$5,894,867$2,137,058$218,110$3,539,699
20$6,130,662$2,224,302$226,834$3,679,525
21$6,375,888$2,315,036$235,908$3,824,944
22$6,630,924$2,409,399$245,344$3,976,181
23$6,896,161$2,507,537$255,158$4,133,466
24$7,172,007$2,609,600$265,364$4,297,043
25$7,458,887$2,715,746$275,979$4,467,163
26$7,757,243$2,826,137$287,018$4,644,088
27$8,067,533$2,940,944$298,499$4,828,090
28$8,390,234$3,060,344$310,439$5,019,452
29$8,725,843$3,184,519$322,856$5,218,468
30$9,074,877$3,313,662$335,770$5,425,445
Total$163,200,000$59,062,719$6,038,399$98,098,881

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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.