USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 2, 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 $30,500,000 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, Dec 2, 2009
Jackpot:$30,500,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$543,818$159,106$21,209$363,504
2$565,571$166,719$22,057$376,794
3$588,194$174,637$22,940$390,617
4$611,721$182,872$23,857$404,992
5$636,190$191,436$24,811$419,943
6$661,638$200,763$25,804$435,071
7$688,103$210,555$26,836$450,712
8$715,627$220,739$27,909$466,979
9$744,253$231,331$29,026$483,896
10$774,023$242,346$30,187$501,490
11$804,984$253,801$31,394$519,788
12$837,183$265,715$32,650$538,818
13$870,670$278,105$33,956$558,609
14$905,497$290,991$35,314$579,191
15$941,717$304,392$36,727$600,597
16$979,386$318,330$38,196$622,860
17$1,018,561$332,825$39,724$646,012
18$1,059,303$347,900$41,313$670,091
19$1,101,676$363,577$42,965$695,133
20$1,145,743$379,882$44,684$721,177
21$1,191,572$396,839$46,471$748,262
22$1,239,235$414,474$48,330$776,431
23$1,288,805$432,815$50,263$805,726
24$1,340,357$451,889$52,274$836,194
25$1,393,971$471,727$54,365$867,880
26$1,449,730$492,357$56,539$900,833
27$1,507,719$513,813$58,801$935,105
28$1,568,028$536,128$61,153$970,747
29$1,630,749$559,334$63,599$1,007,815
30$1,695,979$583,469$66,143$1,046,366
Total$30,500,000$9,968,867$1,189,497$19,341,633

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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.