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Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 8, 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 $74,100,000 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, Oct 8, 2011
Jackpot:$74,100,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,321,210$447,036$58,133$816,042
2$1,374,059$466,589$60,459$847,011
3$1,429,021$486,926$62,877$879,219
4$1,486,182$508,075$65,392$912,715
5$1,545,629$530,071$68,008$947,551
6$1,607,454$552,946$70,728$983,781
7$1,671,753$576,736$73,557$1,021,459
8$1,738,623$601,478$76,499$1,060,645
9$1,808,168$627,210$79,559$1,101,398
10$1,880,494$653,971$82,742$1,143,782
11$1,955,714$681,802$86,051$1,187,861
12$2,033,943$710,747$89,493$1,233,703
13$2,115,300$740,849$93,073$1,281,378
14$2,199,912$772,155$96,796$1,330,961
15$2,287,909$804,714$100,668$1,382,527
16$2,379,425$838,575$104,695$1,436,155
17$2,474,602$873,791$108,882$1,491,929
18$2,573,586$910,415$113,238$1,549,934
19$2,676,530$948,504$117,767$1,610,259
20$2,783,591$988,116$122,478$1,672,997
21$2,894,935$1,029,314$127,377$1,738,244
22$3,010,732$1,072,159$132,472$1,806,101
23$3,131,161$1,116,717$137,771$1,876,673
24$3,256,408$1,163,059$143,282$1,950,067
25$3,386,664$1,211,253$149,013$2,026,397
26$3,522,131$1,261,376$154,974$2,105,781
27$3,663,016$1,313,504$161,173$2,188,339
28$3,809,536$1,367,716$167,620$2,274,201
29$3,961,918$1,424,097$174,324$2,363,496
30$4,120,395$1,482,734$181,297$2,456,363
Total$74,100,000$26,162,635$3,260,398$44,676,969

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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.