USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Sep 28, 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 $37,100,000 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, Sep 28, 2011
Jackpot:$37,100,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$661,497$200,711$25,798$434,987
2$687,957$210,501$26,830$450,625
3$715,475$220,683$27,904$466,888
4$744,094$231,272$29,020$483,802
5$773,858$242,285$30,180$501,393
6$804,812$253,738$31,388$519,687
7$837,004$265,649$32,643$538,712
8$870,485$278,037$33,949$558,499
9$905,304$290,920$35,307$579,077
10$941,516$304,318$36,719$600,479
11$979,177$318,253$38,188$622,736
12$1,018,344$332,744$39,715$645,884
13$1,059,077$347,816$41,304$669,958
14$1,101,441$363,490$42,956$694,994
15$1,145,498$379,792$44,674$721,032
16$1,191,318$396,745$46,461$748,112
17$1,238,971$414,376$48,320$776,275
18$1,288,530$432,713$50,253$805,564
19$1,340,071$451,783$52,263$836,025
20$1,393,674$471,617$54,353$867,704
21$1,449,421$492,243$56,527$900,650
22$1,507,398$513,694$58,789$934,915
23$1,567,693$536,004$61,140$970,550
24$1,630,401$559,206$63,586$1,007,610
25$1,695,617$583,336$66,129$1,046,153
26$1,763,442$608,431$68,774$1,086,237
27$1,833,980$634,530$71,525$1,127,925
28$1,907,339$661,673$74,386$1,171,280
29$1,983,632$689,901$77,362$1,216,369
30$2,062,978$719,259$80,456$1,263,262
Total$37,100,000$12,405,720$1,446,899$23,247,384

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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.