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Arkansas Powerball Jackpot Annuity Payout Schedule for May 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 $51,100,000 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 7, 2011
Jackpot:$51,100,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$911,118$293,071$33,711$584,336
2$947,563$306,555$35,060$605,947
3$985,465$320,579$36,462$628,424
4$1,024,884$335,164$37,921$651,799
5$1,065,879$350,333$39,438$676,109
6$1,108,514$366,108$41,015$701,392
7$1,152,855$382,514$42,656$727,686
8$1,198,969$399,576$44,362$755,031
9$1,246,928$417,321$46,136$783,471
10$1,296,805$435,775$47,982$813,048
11$1,348,677$454,968$49,901$843,808
12$1,402,624$474,928$51,897$875,799
13$1,458,729$495,687$53,973$909,069
14$1,517,079$517,276$56,132$943,670
15$1,577,762$539,729$58,377$979,655
16$1,640,872$563,080$60,712$1,017,080
17$1,706,507$587,365$63,141$1,056,001
18$1,774,767$612,621$65,666$1,096,480
19$1,845,758$638,888$68,293$1,138,577
20$1,919,588$666,205$71,025$1,182,359
21$1,996,372$694,615$73,866$1,227,891
22$2,076,227$724,161$76,820$1,275,245
23$2,159,276$754,889$79,893$1,324,493
24$2,245,647$786,847$83,089$1,375,711
25$2,335,473$820,082$86,412$1,428,978
26$2,428,892$854,647$89,869$1,484,375
27$2,526,047$890,595$93,464$1,541,989
28$2,627,089$927,980$97,202$1,601,907
29$2,732,173$966,861$101,090$1,664,221
30$2,841,460$1,007,297$105,134$1,729,028
Total$51,100,000$17,585,717$1,890,699$31,623,579

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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.