USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$163,552$2,520,253
2$4,361,385$1,571,900$170,094$2,619,391
3$4,535,840$1,636,449$176,898$2,722,494
4$4,717,274$1,703,579$183,974$2,829,721
5$4,905,965$1,773,395$191,333$2,941,237
6$5,102,203$1,846,003$198,986$3,057,214
7$5,306,292$1,921,516$206,945$3,177,831
8$5,518,543$2,000,049$215,223$3,303,271
9$5,739,285$2,081,723$223,832$3,433,730
10$5,968,856$2,166,665$232,785$3,569,406
11$6,207,611$2,255,004$242,097$3,710,510
12$6,455,915$2,346,876$251,781$3,857,258
13$6,714,152$2,442,424$261,852$4,009,876
14$6,982,718$2,541,793$272,326$4,168,598
15$7,262,026$2,645,138$283,219$4,333,670
16$7,552,507$2,752,616$294,548$4,505,344
17$7,854,608$2,864,393$306,330$4,683,885
18$8,168,792$2,980,641$318,583$4,869,568
19$8,495,544$3,101,539$331,326$5,062,679
20$8,835,366$3,227,273$344,579$5,263,513
21$9,188,780$3,358,036$358,362$5,472,381
22$9,556,331$3,494,030$372,697$5,689,604
23$9,938,585$3,635,464$387,605$5,915,516
24$10,336,128$3,782,555$403,109$6,150,464
25$10,749,573$3,935,530$419,233$6,394,810
26$11,179,556$4,094,623$436,003$6,648,930
27$11,626,738$4,260,081$453,443$6,913,215
28$12,091,808$4,432,157$471,581$7,188,071
29$12,575,480$4,611,115$490,444$7,473,921
30$13,078,499$4,797,233$510,061$7,771,205
Total$235,200,000$85,769,634$9,172,801$140,257,566

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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.