USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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:Wed, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$464,596$50,864$859,240
2$1,429,689$484,942$52,898$891,848
3$1,486,876$506,101$55,014$925,760
4$1,546,351$528,107$57,215$961,029
5$1,608,205$550,993$59,504$997,709
6$1,672,534$574,795$61,884$1,035,855
7$1,739,435$599,548$64,359$1,075,528
8$1,809,012$625,292$66,933$1,116,787
9$1,881,373$652,065$69,611$1,159,697
10$1,956,628$679,909$72,395$1,204,323
11$2,034,893$708,868$75,291$1,250,734
12$2,116,288$738,984$78,303$1,299,002
13$2,200,940$770,305$81,435$1,349,200
14$2,288,978$802,879$84,692$1,401,406
15$2,380,537$836,756$88,080$1,455,701
16$2,475,758$871,988$91,603$1,512,167
17$2,574,789$908,629$95,267$1,570,892
18$2,677,780$946,736$99,078$1,631,966
19$2,784,891$986,367$103,041$1,695,483
20$2,896,287$1,027,583$107,163$1,761,541
21$3,012,138$1,070,448$111,449$1,830,241
22$3,132,624$1,115,028$115,907$1,901,689
23$3,257,929$1,161,391$120,543$1,975,995
24$3,388,246$1,209,608$125,365$2,053,273
25$3,523,776$1,259,754$130,380$2,133,642
26$3,664,727$1,311,906$135,595$2,217,226
27$3,811,316$1,366,144$141,019$2,304,153
28$3,963,769$1,422,552$146,659$2,394,558
29$4,122,319$1,481,215$152,526$2,488,578
30$4,287,212$1,542,226$158,627$2,586,360
Total$77,100,000$27,205,715$2,852,700$47,041,583

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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.