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Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 5, 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 $60,200,000 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 5, 2011
Jackpot:$60,200,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,073,372$355,335$47,228$670,808
2$1,116,307$371,221$49,118$695,968
3$1,160,959$387,743$51,082$722,134
4$1,207,397$404,925$53,125$749,347
5$1,255,693$422,794$55,251$777,649
6$1,305,921$441,379$57,461$807,082
7$1,358,158$460,706$59,759$837,693
8$1,412,484$480,807$62,149$869,528
9$1,468,984$501,712$64,635$902,637
10$1,527,743$523,453$67,221$937,070
11$1,588,853$546,063$69,910$972,880
12$1,652,407$569,578$72,706$1,010,123
13$1,718,503$594,034$75,614$1,048,855
14$1,787,243$619,468$78,639$1,089,137
15$1,858,733$645,919$81,784$1,131,030
16$1,933,082$673,428$85,056$1,174,598
17$2,010,406$702,038$88,458$1,219,910
18$2,090,822$731,792$91,996$1,267,034
19$2,174,455$762,736$95,676$1,316,043
20$2,261,433$794,918$99,503$1,367,012
21$2,351,890$828,387$103,483$1,420,020
22$2,445,966$863,195$107,622$1,475,148
23$2,543,804$899,395$111,927$1,532,482
24$2,645,557$937,044$116,404$1,592,108
25$2,751,379$976,198$121,061$1,654,120
26$2,861,434$1,016,918$125,903$1,718,613
27$2,975,891$1,059,268$130,939$1,785,685
28$3,094,927$1,103,311$136,177$1,855,439
29$3,218,724$1,149,116$141,624$1,927,985
30$3,347,473$1,196,753$147,289$2,003,431
Total$60,200,000$21,019,634$2,648,800$36,531,569

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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.