USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $42,200,000 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:Sat, Dec 3, 2011
Jackpot:$42,200,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,430$234,356$29,345$488,729
2$782,527$245,492$30,519$506,516
3$813,828$257,074$31,739$525,015
4$846,382$269,118$33,009$544,254
5$880,237$281,645$34,329$564,263
6$915,446$294,672$35,702$585,072
7$952,064$308,221$37,131$606,713
8$990,147$322,312$38,616$629,220
9$1,029,753$336,966$40,160$652,627
10$1,070,943$352,206$41,767$676,970
11$1,113,780$368,056$43,437$702,287
12$1,158,332$384,540$45,175$728,617
13$1,204,665$401,683$46,982$756,000
14$1,252,852$419,512$48,861$784,478
15$1,302,966$438,055$50,816$814,095
16$1,355,084$457,338$52,848$844,898
17$1,409,288$477,394$54,962$876,932
18$1,465,659$498,251$57,161$910,247
19$1,524,285$519,943$59,447$944,895
20$1,585,257$542,502$61,825$980,930
21$1,648,667$565,964$64,298$1,018,405
22$1,714,614$590,364$66,870$1,057,380
23$1,783,198$615,741$69,545$1,097,913
24$1,854,526$642,132$72,327$1,140,068
25$1,928,707$669,579$75,220$1,183,909
26$2,005,856$698,124$78,228$1,229,503
27$2,086,090$727,811$81,358$1,276,922
28$2,169,534$758,685$84,612$1,326,237
29$2,256,315$790,794$87,996$1,377,525
30$2,346,567$824,187$91,516$1,430,864
Total$42,200,000$14,292,717$1,645,801$26,261,484

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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.