USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $25,000,000 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 26, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$19,613$299,751
2$463,583$132,629$20,398$310,556
3$482,126$139,119$21,214$321,794
4$501,411$145,869$22,062$333,480
5$521,467$152,888$22,945$345,634
6$542,326$160,189$23,862$358,275
7$564,019$167,781$24,817$371,421
8$586,580$175,678$25,810$385,093
9$610,043$183,904$26,842$399,297
10$634,445$192,932$27,916$413,597
11$659,823$202,322$29,032$428,468
12$686,215$212,087$30,193$443,935
13$713,664$222,243$31,401$460,019
14$742,211$232,806$32,657$476,748
15$771,899$243,790$33,964$494,145
16$802,775$255,215$35,322$512,238
17$834,886$267,096$36,735$531,055
18$868,281$279,452$38,204$550,625
19$903,013$292,302$39,733$570,978
20$939,133$305,667$41,322$592,144
21$976,699$319,566$42,975$614,158
22$1,015,767$334,021$44,694$637,051
23$1,056,397$349,055$46,481$660,861
24$1,098,653$364,689$48,341$685,623
25$1,142,599$380,949$50,274$711,375
26$1,188,303$397,860$52,285$738,158
27$1,235,835$415,447$54,377$766,012
28$1,285,269$433,737$56,552$794,980
29$1,336,679$452,759$58,814$825,106
30$1,390,147$472,542$61,166$856,438
Total$25,000,000$8,010,982$1,100,001$15,889,015

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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.