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Arkansas Powerball Jackpot Annuity Payout Schedule for Sep 7, 2011

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The tax information provided here is based on 2024 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 $108,800,000 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:Wed, Sep 7, 2011
Jackpot:$108,800,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,939,915$675,956$75,657$1,188,302
2$2,017,511$704,667$78,683$1,234,161
3$2,098,212$734,526$81,830$1,281,855
4$2,182,140$765,580$85,103$1,331,457
5$2,269,426$797,875$88,508$1,383,043
6$2,360,203$831,463$92,048$1,436,692
7$2,454,611$866,394$95,730$1,492,487
8$2,552,796$902,722$99,559$1,550,514
9$2,654,907$940,503$103,541$1,610,862
10$2,761,104$979,796$107,683$1,673,624
11$2,871,548$1,020,660$111,990$1,738,897
12$2,986,410$1,063,159$116,470$1,806,780
13$3,105,866$1,107,358$121,129$1,877,379
14$3,230,101$1,153,325$125,974$1,950,802
15$3,359,305$1,201,131$131,013$2,027,161
16$3,493,677$1,250,848$136,253$2,106,575
17$3,633,424$1,302,555$141,704$2,189,166
18$3,778,761$1,356,329$147,372$2,275,060
19$3,929,911$1,412,255$153,267$2,364,390
20$4,087,108$1,470,418$159,397$2,457,293
21$4,250,592$1,530,907$165,773$2,553,912
22$4,420,616$1,593,816$172,404$2,654,396
23$4,597,441$1,659,241$179,300$2,758,900
24$4,781,338$1,727,283$186,472$2,867,583
25$4,972,592$1,798,047$193,931$2,980,614
26$5,171,495$1,871,641$201,688$3,098,166
27$5,378,355$1,948,179$209,756$3,220,420
28$5,593,489$2,027,779$218,146$3,347,564
29$5,817,229$2,110,562$226,872$3,479,795
30$6,049,918$2,196,657$235,947$3,617,314
Total$108,800,000$39,001,632$4,243,200$65,555,164

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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.