USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 12, 2011

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The tax information provided here is based on 2026 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 $35,400,000 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, Nov 12, 2011
Jackpot:$35,400,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$631,186$189,684$23,354$418,147
2$656,433$198,837$24,288$433,307
3$682,690$208,553$25,260$448,878
4$709,998$218,656$26,270$465,071
5$738,398$229,164$27,321$481,913
6$767,934$240,093$28,414$499,427
7$798,651$251,458$29,550$517,643
8$830,597$263,278$30,732$536,587
9$863,821$275,571$31,961$556,289
10$898,374$288,356$33,240$576,778
11$934,309$301,651$34,569$598,088
12$971,681$315,479$35,952$620,250
13$1,010,548$329,860$37,390$643,298
14$1,050,970$344,816$38,886$667,268
15$1,093,009$360,371$40,441$692,197
16$1,136,729$376,547$42,059$718,123
17$1,182,199$393,371$43,741$745,087
18$1,229,487$410,867$45,491$773,128
19$1,278,666$429,064$47,311$802,292
20$1,329,813$447,988$49,203$832,622
21$1,383,005$467,669$51,171$864,165
22$1,438,325$488,138$53,218$896,970
23$1,495,858$509,425$55,347$931,087
24$1,555,693$531,564$57,561$966,569
25$1,617,920$554,588$59,863$1,003,470
26$1,682,637$578,533$62,258$1,041,847
27$1,749,943$603,436$64,748$1,081,759
28$1,819,940$629,335$67,338$1,123,267
29$1,892,738$656,270$70,031$1,166,436
30$1,968,448$684,283$72,833$1,211,332
Total$35,400,000$11,776,905$1,309,801$22,313,295

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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.