USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Apr 25, 2020

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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 $37,400,000 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, Apr 25, 2020
Jackpot:$37,400,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$562,924$165,793$21,954$375,177
2$591,070$175,644$23,052$392,374
3$620,623$185,987$24,204$410,432
4$651,655$197,069$25,415$429,171
5$684,237$209,125$26,685$448,427
6$718,449$221,783$28,020$468,646
7$754,372$235,075$29,420$489,876
8$792,090$249,031$30,892$512,168
9$831,695$263,684$32,436$535,574
10$873,279$279,071$34,058$560,151
11$916,943$295,226$35,761$585,956
12$962,791$312,190$37,549$613,052
13$1,010,930$330,001$39,426$641,502
14$1,061,477$348,704$41,398$671,375
15$1,114,550$368,341$43,467$702,742
16$1,170,278$388,960$45,641$735,677
17$1,228,792$410,610$47,923$770,259
18$1,290,231$433,343$50,319$806,569
19$1,354,743$457,212$52,835$844,696
20$1,422,480$482,275$55,477$884,728
21$1,493,604$508,591$58,251$926,763
22$1,568,284$536,222$61,163$970,899
23$1,646,699$565,236$64,221$1,017,242
24$1,729,033$595,700$67,432$1,065,901
25$1,815,485$627,687$70,804$1,116,994
26$1,906,259$661,273$74,344$1,170,642
27$2,001,572$696,539$78,061$1,226,972
28$2,101,651$733,568$81,964$1,286,118
29$2,206,733$772,449$86,063$1,348,222
30$2,317,070$813,273$90,366$1,413,431
Total$37,400,000$12,519,662$1,458,601$23,421,736

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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.