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Arkansas Powerball Jackpot Annuity Payout Schedule for Jan 14, 2012

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The tax information provided here is based on 2025 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 $65,900,000 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, Jan 14, 2012
Jackpot:$65,900,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,175,004$391,772$45,825$737,407
2$1,222,004$409,162$47,658$765,184
3$1,270,884$427,247$49,564$794,072
4$1,321,719$446,056$51,547$824,116
5$1,374,588$465,618$53,609$855,361
6$1,429,571$485,962$55,753$887,856
7$1,486,754$507,119$57,983$921,652
8$1,546,224$529,123$60,303$956,798
9$1,608,073$552,007$62,715$993,351
10$1,672,396$575,807$65,223$1,031,366
11$1,739,292$600,558$67,832$1,070,901
12$1,808,864$626,300$70,546$1,112,018
13$1,881,219$653,071$73,368$1,154,780
14$1,956,467$680,913$76,302$1,199,252
15$2,034,726$709,869$79,354$1,245,503
16$2,116,115$739,983$82,528$1,293,604
17$2,200,760$771,301$85,830$1,343,629
18$2,288,790$803,873$89,263$1,395,655
19$2,380,342$837,747$92,833$1,449,762
20$2,475,555$872,976$96,547$1,506,033
21$2,574,577$909,614$100,409$1,564,555
22$2,677,561$947,718$104,425$1,625,418
23$2,784,663$987,346$108,602$1,688,716
24$2,896,049$1,028,559$112,946$1,754,545
25$3,011,891$1,071,420$117,464$1,823,008
26$3,132,367$1,115,996$122,162$1,894,209
27$3,257,662$1,162,355$127,049$1,968,258
28$3,387,968$1,210,569$132,131$2,045,269
29$3,523,487$1,260,710$137,416$2,125,361
30$3,664,426$1,312,858$142,913$2,208,656
Total$65,900,000$23,093,609$2,570,100$40,236,295

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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.