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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 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 $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$306,925$36,994$604,642
2$986,504$320,964$38,474$627,066
3$1,025,964$335,564$40,013$650,387
4$1,067,002$350,748$41,613$674,641
5$1,109,683$366,540$43,278$699,865
6$1,154,070$382,963$45,009$726,098
7$1,200,233$400,043$46,809$753,380
8$1,248,242$417,807$48,681$781,754
9$1,298,172$436,281$50,629$811,262
10$1,350,098$455,494$52,654$841,951
11$1,404,102$475,475$54,760$873,867
12$1,460,267$496,256$56,950$907,060
13$1,518,677$517,868$59,228$941,581
14$1,579,424$540,344$61,598$977,482
15$1,642,601$563,720$64,061$1,014,820
16$1,708,305$588,030$66,624$1,053,651
17$1,776,637$613,313$69,289$1,094,035
18$1,847,703$639,607$72,060$1,136,035
19$1,921,611$666,953$74,943$1,179,715
20$1,998,476$695,393$77,941$1,225,142
21$2,078,415$724,971$81,058$1,272,386
22$2,161,551$755,731$84,300$1,321,519
23$2,248,013$787,722$87,673$1,372,619
24$2,337,934$820,993$91,179$1,425,762
25$2,431,451$855,594$94,827$1,481,030
26$2,528,709$891,580$98,620$1,538,510
27$2,629,857$929,005$102,564$1,598,289
28$2,735,052$967,926$106,667$1,660,458
29$2,844,454$1,008,405$110,934$1,725,115
30$2,958,232$1,050,503$115,371$1,792,358
Total$53,200,000$18,362,718$2,074,801$32,762,480

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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.