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Arkansas Powerball Jackpot Annuity Payout Schedule for May 18, 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 $98,900,000 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, May 18, 2011
Jackpot:$98,900,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,763,397$610,645$77,589$1,075,163
2$1,833,933$636,743$80,693$1,116,497
3$1,907,290$663,885$83,921$1,159,484
4$1,983,582$692,113$87,278$1,204,191
5$2,062,925$721,470$90,769$1,250,686
6$2,145,442$752,001$94,399$1,299,041
7$2,231,260$783,754$98,175$1,349,330
8$2,320,510$816,776$102,102$1,401,631
9$2,413,330$851,120$106,187$1,456,024
10$2,509,864$886,837$110,434$1,512,592
11$2,610,258$923,983$114,851$1,571,423
12$2,714,668$962,615$119,445$1,632,608
13$2,823,255$1,002,792$124,223$1,696,240
14$2,936,185$1,044,576$129,192$1,762,417
15$3,053,633$1,088,032$134,360$1,831,241
16$3,175,778$1,133,226$139,734$1,902,818
17$3,302,809$1,180,227$145,324$1,977,258
18$3,434,922$1,229,109$151,137$2,054,676
19$3,572,318$1,279,946$157,182$2,135,191
20$3,715,211$1,332,816$163,469$2,218,926
21$3,863,820$1,387,801$170,008$2,306,011
22$4,018,372$1,444,986$176,808$2,396,578
23$4,179,107$1,504,457$183,881$2,490,769
24$4,346,272$1,566,308$191,236$2,588,727
25$4,520,122$1,630,633$198,885$2,690,604
26$4,700,927$1,697,531$206,841$2,796,556
27$4,888,964$1,767,105$215,114$2,906,745
28$5,084,523$1,839,461$223,719$3,021,343
29$5,287,904$1,914,712$232,668$3,140,524
30$5,499,420$1,992,973$241,974$3,264,472
Total$98,900,000$35,338,633$4,351,598$59,209,766

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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.