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Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 3, 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 $189,000,000 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:Sat, Oct 3, 2009
Jackpot:$189,000,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,369,889$1,202,816$131,426$2,035,647
2$3,504,684$1,252,690$136,683$2,115,311
3$3,644,872$1,304,560$142,150$2,198,162
4$3,790,667$1,358,504$147,836$2,284,327
5$3,942,293$1,414,606$153,749$2,373,938
6$4,099,985$1,472,952$159,899$2,467,134
7$4,263,984$1,533,631$166,295$2,564,057
8$4,434,544$1,596,738$172,947$2,664,858
9$4,611,925$1,662,370$179,865$2,769,691
10$4,796,402$1,730,626$187,060$2,878,717
11$4,988,259$1,801,613$194,542$2,992,104
12$5,187,789$1,875,439$202,324$3,110,026
13$5,395,300$1,952,218$210,417$3,232,665
14$5,611,112$2,032,069$218,833$3,360,210
15$5,835,557$2,115,113$227,587$3,492,857
16$6,068,979$2,201,480$236,690$3,630,809
17$6,311,738$2,291,300$246,158$3,774,280
18$6,564,208$2,384,714$256,004$3,923,490
19$6,826,776$2,481,864$266,244$4,078,668
20$7,099,847$2,582,901$276,894$4,240,053
21$7,383,841$2,687,978$287,970$4,407,893
22$7,679,195$2,797,259$299,489$4,582,447
23$7,986,363$2,910,911$311,468$4,763,983
24$8,305,817$3,029,110$323,927$4,952,781
25$8,638,050$3,152,036$336,884$5,149,130
26$8,983,572$3,279,879$350,359$5,353,334
27$9,342,915$3,412,836$364,374$5,565,705
28$9,716,631$3,551,111$378,949$5,786,572
29$10,105,297$3,694,917$394,107$6,016,273
30$10,509,508$3,844,475$409,871$6,255,162
Total$189,000,000$68,608,716$7,371,001$113,020,284

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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.