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Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 22, 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 $148,600,000 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, Oct 22, 2011
Jackpot:$148,600,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,649,553$938,522$116,580$1,594,450
2$2,755,535$977,736$121,244$1,656,556
3$2,865,756$1,018,518$126,093$1,721,145
4$2,980,386$1,060,931$131,137$1,788,319
5$3,099,602$1,105,040$136,382$1,858,179
6$3,223,586$1,150,915$141,838$1,930,834
7$3,352,529$1,198,624$147,511$2,006,395
8$3,486,631$1,248,241$153,412$2,084,978
9$3,626,096$1,299,843$159,548$2,166,704
10$3,771,140$1,353,509$165,930$2,251,700
11$3,921,985$1,409,322$172,567$2,340,096
12$4,078,865$1,467,368$179,470$2,432,027
13$4,242,019$1,527,735$186,649$2,527,636
14$4,411,700$1,590,517$194,115$2,627,068
15$4,588,168$1,655,810$201,879$2,730,479
16$4,771,695$1,723,715$209,955$2,838,025
17$4,962,563$1,794,336$218,353$2,949,874
18$5,161,065$1,867,782$227,087$3,066,196
19$5,367,508$1,944,166$236,170$3,187,172
20$5,582,208$2,023,605$245,617$3,312,986
21$5,805,496$2,106,221$255,442$3,443,833
22$6,037,716$2,192,143$265,660$3,579,914
23$6,279,225$2,281,501$276,286$3,721,438
24$6,530,394$2,374,433$287,337$3,868,623
25$6,791,610$2,471,083$298,831$4,021,695
26$7,063,274$2,571,599$310,784$4,180,891
27$7,345,805$2,676,136$323,215$4,346,454
28$7,639,637$2,784,853$336,144$4,518,640
29$7,945,223$2,897,920$349,590$4,697,713
30$8,263,031$3,015,509$363,573$4,883,949
Total$148,600,000$53,727,633$6,538,399$88,333,969

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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.