USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Jan 30, 2021

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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 $33,200,000 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 30, 2021
Jackpot:$33,200,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$499,708$143,667$19,489$336,552
2$524,693$152,412$20,463$351,818
3$550,928$161,594$21,486$367,848
4$578,474$171,235$22,560$384,678
5$607,398$181,358$23,689$402,351
6$637,768$191,988$24,873$420,907
7$669,656$203,730$26,117$439,809
8$703,139$216,119$27,422$459,598
9$738,296$229,127$28,794$480,376
10$775,211$242,785$30,233$502,192
11$813,971$257,127$31,745$525,100
12$854,670$272,185$33,332$549,153
13$897,403$287,996$34,999$574,408
14$942,273$304,598$36,749$600,926
15$989,387$322,030$38,586$628,770
16$1,038,856$340,334$40,515$658,007
17$1,090,799$359,553$42,541$688,705
18$1,145,339$379,733$44,668$720,938
19$1,202,606$400,921$46,902$754,783
20$1,262,736$423,170$49,247$790,320
21$1,325,873$446,530$51,709$827,634
22$1,392,167$471,059$54,295$866,813
23$1,461,775$496,814$57,009$907,952
24$1,534,864$523,857$59,860$951,147
25$1,611,607$552,252$62,853$996,503
26$1,692,187$582,067$65,995$1,044,126
27$1,776,797$613,372$69,295$1,094,130
28$1,865,637$646,243$72,760$1,146,634
29$1,958,918$680,757$76,398$1,201,764
30$2,056,864$716,997$80,218$1,259,650
Total$33,200,000$10,971,610$1,294,802$20,933,592

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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.