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Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 12, 2011

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The tax information provided here is based on 2024 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 $87,200,000 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 12, 2011
Jackpot:$87,200,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,554,785$533,458$60,637$960,690
2$1,616,976$556,469$63,062$997,445
3$1,681,655$580,400$65,585$1,035,670
4$1,748,921$605,289$68,208$1,075,425
5$1,818,878$631,173$70,936$1,116,769
6$1,891,633$658,092$73,774$1,159,768
7$1,967,299$686,088$76,725$1,204,486
8$2,045,991$715,204$79,794$1,250,993
9$2,127,830$745,485$82,985$1,299,360
10$2,212,943$776,977$86,305$1,349,662
11$2,301,461$809,728$89,757$1,401,976
12$2,393,520$843,790$93,347$1,456,382
13$2,489,260$879,214$97,081$1,512,965
14$2,588,831$916,055$100,964$1,571,811
15$2,692,384$954,370$105,003$1,633,011
16$2,800,079$994,217$109,203$1,696,659
17$2,912,082$1,035,658$113,571$1,762,853
18$3,028,566$1,078,757$118,114$1,831,695
19$3,149,708$1,123,580$122,839$1,903,290
20$3,275,697$1,170,196$127,752$1,977,749
21$3,406,725$1,218,676$132,862$2,055,186
22$3,542,994$1,269,095$138,177$2,135,721
23$3,684,713$1,321,532$143,704$2,219,478
24$3,832,102$1,376,065$149,452$2,306,584
25$3,985,386$1,432,781$155,430$2,397,175
26$4,144,801$1,491,764$161,647$2,491,390
27$4,310,593$1,553,107$168,113$2,589,373
28$4,483,017$1,616,904$174,838$2,691,275
29$4,662,338$1,683,253$181,831$2,797,254
30$4,848,831$1,752,255$189,104$2,907,472
Total$87,200,000$31,009,632$3,400,800$52,789,567

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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.