USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Jan 31, 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 $43,100,000 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 31, 2009
Jackpot:$43,100,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$768,477$240,294$29,971$498,213
2$799,216$251,667$31,169$516,380
3$831,185$263,496$32,416$535,273
4$864,432$275,797$33,713$554,922
5$899,010$288,591$35,061$575,357
6$934,970$301,896$36,464$596,610
7$972,369$315,734$37,922$618,713
8$1,011,264$330,125$39,439$641,700
9$1,051,714$345,092$41,017$665,606
10$1,093,783$360,657$42,658$690,468
11$1,137,534$376,845$44,364$716,325
12$1,183,035$393,680$46,138$743,217
13$1,230,357$411,189$47,984$771,184
14$1,279,571$429,399$49,903$800,269
15$1,330,754$448,336$51,899$830,518
16$1,383,984$468,031$53,975$861,977
17$1,439,344$488,514$56,134$894,695
18$1,496,917$509,817$58,380$928,721
19$1,556,794$531,971$60,715$964,108
20$1,619,066$555,012$63,144$1,000,911
21$1,683,828$578,974$65,669$1,039,185
22$1,751,181$603,894$68,296$1,078,991
23$1,821,229$629,812$71,028$1,120,389
24$1,894,078$656,766$73,869$1,163,443
25$1,969,841$684,798$76,824$1,208,219
26$2,048,635$713,952$79,897$1,254,786
27$2,130,580$744,272$83,093$1,303,216
28$2,215,803$775,804$86,416$1,353,582
29$2,304,435$808,598$89,873$1,405,964
30$2,396,613$842,704$93,468$1,460,441
Total$43,100,000$14,625,717$1,680,899$26,793,383

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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.