USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Aug 20, 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 $35,800,000 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, Aug 20, 2011
Jackpot:$35,800,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$638,318$192,180$24,894$421,243
2$663,850$201,582$25,890$436,378
3$690,404$211,407$26,926$452,072
4$718,020$221,625$28,003$468,393
5$746,741$232,252$29,123$485,367
6$776,611$243,303$30,288$503,020
7$807,675$254,797$31,499$521,379
8$839,982$266,751$32,759$540,472
9$873,582$279,182$34,070$560,330
10$908,525$292,111$35,432$580,981
11$944,866$305,558$36,850$602,458
12$982,661$319,542$38,324$624,795
13$1,021,967$334,085$39,857$648,025
14$1,062,846$349,210$41,451$672,185
15$1,105,359$364,940$43,109$697,310
16$1,149,574$381,300$44,833$723,441
17$1,195,557$398,313$46,627$750,617
18$1,243,379$416,008$48,492$778,880
19$1,293,114$434,410$50,431$808,273
20$1,344,839$453,548$52,449$838,842
21$1,398,632$473,451$54,547$870,634
22$1,454,578$494,151$56,729$903,698
23$1,512,761$515,679$58,998$938,084
24$1,573,271$538,068$61,358$973,846
25$1,636,202$561,352$63,812$1,011,038
26$1,701,650$585,568$66,364$1,049,718
27$1,769,716$610,752$69,019$1,089,945
28$1,840,505$636,944$71,780$1,131,781
29$1,914,125$664,183$74,651$1,175,291
30$1,990,690$692,513$77,637$1,220,541
Total$35,800,000$11,924,765$1,396,202$22,479,037

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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.