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Arkansas Powerball Jackpot Annuity Payout Schedule for May 14, 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 $81,600,000 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, May 14, 2011
Jackpot:$81,600,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,454,936$494,284$53,833$906,820
2$1,513,134$515,817$55,986$941,331
3$1,573,659$538,211$58,225$977,222
4$1,636,605$561,501$60,554$1,014,550
5$1,702,069$585,723$62,977$1,053,370
6$1,770,152$610,914$65,496$1,093,743
7$1,840,958$637,112$68,115$1,135,731
8$1,914,597$664,358$70,840$1,179,399
9$1,991,181$692,694$73,674$1,224,813
10$2,070,828$722,164$76,621$1,272,044
11$2,153,661$752,812$79,685$1,321,164
12$2,239,807$784,686$82,873$1,372,248
13$2,329,400$817,835$86,188$1,425,377
14$2,422,576$852,310$89,635$1,480,630
15$2,519,479$888,164$93,221$1,538,094
16$2,620,258$925,453$96,950$1,597,856
17$2,725,068$964,232$100,828$1,660,008
18$2,834,071$1,004,563$104,861$1,724,647
19$2,947,434$1,046,508$109,055$1,791,871
20$3,065,331$1,090,130$113,417$1,861,784
21$3,187,944$1,135,497$117,954$1,934,494
22$3,315,462$1,182,678$122,672$2,010,112
23$3,448,080$1,231,747$127,579$2,088,754
24$3,586,004$1,282,779$132,682$2,170,543
25$3,729,444$1,335,851$137,989$2,255,603
26$3,878,621$1,391,047$143,509$2,344,065
27$4,033,766$1,448,451$149,249$2,436,066
28$4,195,117$1,508,151$155,219$2,531,747
29$4,362,922$1,570,238$161,428$2,631,255
30$4,537,439$1,634,810$167,885$2,734,744
Total$81,600,000$28,870,720$3,019,200$49,710,085

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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.