USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Mar 14, 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 $45,100,000 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, Mar 14, 2009
Jackpot:$45,100,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$804,137$253,488$31,361$519,288
2$836,303$265,389$32,616$538,298
3$869,755$277,767$33,920$558,068
4$904,545$290,639$35,277$578,629
5$940,727$304,026$36,688$600,012
6$978,356$317,949$38,156$622,251
7$1,017,490$332,429$39,682$645,380
8$1,058,190$347,488$41,269$669,433
9$1,100,518$363,149$42,920$694,449
10$1,144,538$379,436$44,637$720,465
11$1,190,320$396,376$46,422$747,522
12$1,237,933$413,992$48,279$775,661
13$1,287,450$432,314$50,211$804,926
14$1,338,948$451,368$52,219$835,361
15$1,392,506$471,184$54,308$867,014
16$1,448,206$491,794$56,480$899,933
17$1,506,134$513,227$58,739$934,168
18$1,566,380$535,518$61,089$969,773
19$1,629,035$558,700$63,532$1,006,802
20$1,694,196$582,810$66,074$1,045,313
21$1,761,964$607,884$68,717$1,085,364
22$1,832,443$633,961$71,465$1,127,016
23$1,905,741$661,081$74,324$1,170,335
24$1,981,970$689,286$77,297$1,215,387
25$2,061,249$718,619$80,389$1,262,241
26$2,143,699$749,126$83,604$1,310,969
27$2,229,447$780,853$86,948$1,361,646
28$2,318,625$813,848$90,426$1,414,350
29$2,411,370$848,164$94,043$1,469,162
30$2,507,824$883,852$97,805$1,526,167
Total$45,100,000$15,365,717$1,758,897$27,975,383

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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.