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Arkansas Powerball Jackpot Annuity Payout Schedule for Jul 23, 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 $93,600,000 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, Jul 23, 2011
Jackpot:$93,600,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,668,897$573,449$65,087$1,030,361
2$1,735,653$598,149$67,690$1,069,814
3$1,805,079$623,837$70,398$1,110,845
4$1,877,282$650,552$73,214$1,153,517
5$1,952,374$678,336$76,143$1,197,896
6$2,030,469$707,231$79,188$1,244,050
7$2,111,687$737,282$82,356$1,292,050
8$2,196,155$768,535$85,650$1,341,970
9$2,284,001$801,038$89,076$1,393,887
10$2,375,361$834,841$92,639$1,447,881
11$2,470,376$869,996$96,345$1,504,035
12$2,569,191$906,558$100,198$1,562,434
13$2,671,958$944,582$104,206$1,623,170
14$2,778,837$984,127$108,375$1,686,335
15$2,889,990$1,025,254$112,710$1,752,027
16$3,005,590$1,068,025$117,218$1,820,346
17$3,125,813$1,112,508$121,907$1,891,398
18$3,250,846$1,158,770$126,783$1,965,293
19$3,380,880$1,206,883$131,854$2,042,143
20$3,516,115$1,256,920$137,128$2,122,067
21$3,656,759$1,308,958$142,614$2,205,188
22$3,803,030$1,363,078$148,318$2,291,633
23$3,955,151$1,419,363$154,251$2,381,537
24$4,113,357$1,477,899$160,421$2,475,037
25$4,277,891$1,538,777$166,838$2,572,277
26$4,449,007$1,602,090$173,511$2,673,406
27$4,626,967$1,667,935$180,452$2,778,580
28$4,812,046$1,736,414$187,670$2,887,962
29$5,004,528$1,807,633$195,177$3,001,719
30$5,204,709$1,881,700$202,984$3,120,026
Total$93,600,000$33,310,720$3,650,401$56,638,884

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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.