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Arkansas Powerball Jackpot Annuity Payout Schedule for Jan 7, 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 $105,300,000 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, Jan 7, 2009
Jackpot:$105,300,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,877,509$650,636$73,223$1,153,651
2$1,952,610$678,423$76,152$1,198,035
3$2,030,714$707,322$79,198$1,244,195
4$2,111,943$737,376$82,366$1,292,201
5$2,196,420$768,633$85,660$1,342,127
6$2,284,277$801,140$89,087$1,394,051
7$2,375,648$834,947$92,650$1,448,051
8$2,470,674$870,107$96,356$1,504,211
9$2,569,501$906,673$100,211$1,562,618
10$2,672,281$944,701$104,219$1,623,361
11$2,779,173$984,251$108,388$1,686,534
12$2,890,340$1,025,383$112,723$1,752,233
13$3,005,953$1,068,160$117,232$1,820,561
14$3,126,191$1,112,648$121,921$1,891,622
15$3,251,239$1,158,916$126,798$1,965,525
16$3,381,288$1,207,034$131,870$2,042,384
17$3,516,540$1,257,077$137,145$2,122,318
18$3,657,202$1,309,122$142,631$2,205,449
19$3,803,490$1,363,248$148,336$2,291,905
20$3,955,629$1,419,540$154,270$2,381,820
21$4,113,854$1,478,083$160,440$2,475,331
22$4,278,409$1,538,968$166,858$2,572,582
23$4,449,545$1,602,289$173,532$2,673,724
24$4,627,527$1,668,142$180,474$2,778,911
25$4,812,628$1,736,630$187,692$2,888,306
26$5,005,133$1,807,856$195,200$3,002,076
27$5,205,338$1,881,932$203,008$3,120,398
28$5,413,552$1,958,971$211,129$3,243,452
29$5,630,094$2,039,092$219,574$3,371,428
30$5,855,298$2,122,417$228,357$3,504,524
Total$105,300,000$37,639,717$4,106,700$63,553,584

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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.