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Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 6, 2010

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The tax information provided here is based on 2025 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 $61,500,000 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, Oct 6, 2010
Jackpot:$61,500,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,096,551$362,744$42,765$691,041
2$1,140,413$378,973$44,476$716,964
3$1,186,030$395,851$46,255$743,923
4$1,233,471$413,404$48,105$771,961
5$1,282,810$431,660$50,030$801,120
6$1,334,122$450,645$52,031$831,446
7$1,387,487$470,390$54,112$862,985
8$1,442,986$490,925$56,276$895,785
9$1,500,706$512,281$58,528$929,897
10$1,560,734$534,492$60,869$965,374
11$1,623,163$557,591$63,303$1,002,269
12$1,688,090$581,614$65,836$1,040,641
13$1,755,614$606,597$68,469$1,080,547
14$1,825,838$632,580$71,208$1,122,050
15$1,898,872$659,603$74,056$1,165,213
16$1,974,827$687,706$77,018$1,210,102
17$2,053,820$716,934$80,099$1,256,787
18$2,135,972$747,330$83,303$1,305,339
19$2,221,411$778,942$86,635$1,355,834
20$2,310,268$811,819$90,100$1,408,348
21$2,402,678$846,011$93,704$1,462,963
22$2,498,786$881,571$97,453$1,519,762
23$2,598,737$918,553$101,351$1,578,833
24$2,702,687$957,014$105,405$1,640,267
25$2,810,794$997,014$109,621$1,704,159
26$2,923,226$1,038,614$114,006$1,770,606
27$3,040,155$1,081,878$118,566$1,839,711
28$3,161,761$1,126,872$123,309$1,911,580
29$3,288,231$1,173,666$128,241$1,986,325
30$3,419,761$1,222,332$133,371$2,064,058
Total$61,500,000$21,465,606$2,398,501$37,635,890

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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.