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Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $53,200,000 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:Wed, Dec 7, 2011
Jackpot:$53,200,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$309,155$36,994$602,412
2$986,504$323,194$38,474$624,836
3$1,025,964$337,794$40,013$648,157
4$1,067,002$352,979$41,613$672,411
5$1,109,683$368,770$43,278$697,635
6$1,154,070$385,194$45,009$723,868
7$1,200,233$402,274$46,809$751,150
8$1,248,242$420,037$48,681$779,523
9$1,298,172$438,511$50,629$809,032
10$1,350,098$457,724$52,654$839,720
11$1,404,102$477,706$54,760$871,637
12$1,460,267$498,486$56,950$904,830
13$1,518,677$520,098$59,228$939,350
14$1,579,424$542,575$61,598$975,252
15$1,642,601$565,950$64,061$1,012,590
16$1,708,305$590,261$66,624$1,051,421
17$1,776,637$615,544$69,289$1,091,805
18$1,847,703$641,838$72,060$1,133,805
19$1,921,611$669,184$74,943$1,177,484
20$1,998,476$697,624$77,941$1,222,911
21$2,078,415$727,201$81,058$1,270,155
22$2,161,551$757,962$84,300$1,319,289
23$2,248,013$789,953$87,673$1,370,388
24$2,337,934$823,223$91,179$1,423,531
25$2,431,451$857,825$94,827$1,478,800
26$2,528,709$893,810$98,620$1,536,279
27$2,629,857$931,235$102,564$1,596,058
28$2,735,052$970,157$106,667$1,658,228
29$2,844,454$1,010,636$110,934$1,722,884
30$2,958,232$1,052,734$115,371$1,790,127
Total$53,200,000$18,429,634$2,074,801$32,695,568

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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.