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Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 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 $82,600,000 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, Nov 7, 2009
Jackpot:$82,600,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,472,766$500,881$54,492$917,393
2$1,531,677$522,678$56,672$952,327
3$1,592,944$545,346$58,939$988,658
4$1,656,662$568,922$61,296$1,026,443
5$1,722,928$593,441$63,748$1,065,739
6$1,791,845$618,940$66,298$1,106,607
7$1,863,519$645,459$68,950$1,149,110
8$1,938,060$673,039$71,708$1,193,312
9$2,015,582$701,723$74,577$1,239,283
10$2,096,206$731,553$77,560$1,287,093
11$2,180,054$762,577$80,662$1,336,815
12$2,267,256$794,842$83,888$1,388,525
13$2,357,946$828,397$87,244$1,442,305
14$2,452,264$863,295$90,734$1,498,235
15$2,550,355$899,588$94,363$1,556,403
16$2,652,369$937,334$98,138$1,616,897
17$2,758,463$976,589$102,063$1,679,812
18$2,868,802$1,017,414$106,146$1,745,242
19$2,983,554$1,059,872$110,392$1,813,290
20$3,102,896$1,104,029$114,807$1,884,060
21$3,227,012$1,149,952$119,399$1,957,661
22$3,356,093$1,197,711$124,175$2,034,206
23$3,490,336$1,247,382$129,142$2,113,812
24$3,629,950$1,299,039$134,308$2,196,603
25$3,775,148$1,352,762$139,680$2,282,705
26$3,926,154$1,408,634$145,268$2,372,252
27$4,083,200$1,466,741$151,078$2,465,380
28$4,246,528$1,527,173$157,122$2,562,234
29$4,416,389$1,590,021$163,406$2,662,961
30$4,593,044$1,655,384$169,943$2,767,718
Total$82,600,000$29,240,718$3,056,198$50,303,081

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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.