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Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 10, 2011

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The tax information provided here is based on 2025 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 $65,500,000 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, Dec 10, 2011
Jackpot:$65,500,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,167,871$389,133$45,547$733,192
2$1,214,586$406,417$47,369$760,800
3$1,263,170$424,393$49,264$789,513
4$1,313,697$443,088$51,234$819,374
5$1,366,244$462,531$53,284$850,430
6$1,420,894$482,751$55,415$882,728
7$1,477,730$503,780$57,631$916,318
8$1,536,839$525,651$59,937$951,252
9$1,598,313$548,396$62,334$987,583
10$1,662,245$572,051$64,828$1,025,367
11$1,728,735$596,652$67,421$1,064,662
12$1,797,885$622,238$70,117$1,105,529
13$1,869,800$648,846$72,922$1,148,031
14$1,944,592$676,519$75,839$1,192,234
15$2,022,376$705,299$78,873$1,238,204
16$2,103,271$735,230$82,028$1,286,013
17$2,187,401$766,359$85,309$1,335,734
18$2,274,897$798,732$88,721$1,387,444
19$2,365,893$832,401$92,270$1,441,223
20$2,460,529$867,416$95,961$1,497,152
21$2,558,950$903,832$99,799$1,555,319
22$2,661,308$941,704$103,791$1,615,813
23$2,767,761$981,092$107,943$1,678,726
24$2,878,471$1,022,055$112,260$1,744,156
25$2,993,610$1,064,656$116,751$1,812,203
26$3,113,354$1,108,961$121,421$1,882,972
27$3,237,888$1,155,039$126,278$1,956,572
28$3,367,404$1,202,960$131,329$2,033,115
29$3,502,100$1,252,797$136,582$2,112,721
30$3,642,184$1,304,628$142,045$2,195,511
Total$65,500,000$22,945,607$2,554,503$39,999,891

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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.