USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 13, 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 $47,300,000 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, Oct 13, 2021
Jackpot:$47,300,000
Federal Tax:37% marginal rate
State Tax: 3.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$711,933$219,372$26,342$466,219
2$747,530$232,543$27,659$487,328
3$784,906$246,372$29,042$509,492
4$824,151$260,893$30,494$532,764
5$865,359$276,140$32,018$557,201
6$908,627$292,149$33,619$582,858
7$954,058$308,959$35,300$609,799
8$1,001,761$326,609$37,065$638,087
9$1,051,849$345,141$38,918$667,789
10$1,104,442$364,601$40,864$698,977
11$1,159,664$385,033$42,908$731,723
12$1,217,647$406,487$45,053$766,107
13$1,278,529$429,013$47,306$802,211
14$1,342,456$452,666$49,671$840,119
15$1,409,578$477,501$52,154$879,923
16$1,480,057$503,578$54,762$921,717
17$1,554,060$530,960$57,500$965,600
18$1,631,763$559,710$60,375$1,011,678
19$1,713,351$589,897$63,394$1,060,060
20$1,799,019$621,594$66,564$1,110,861
21$1,888,970$654,876$69,892$1,164,202
22$1,983,418$689,822$73,386$1,220,210
23$2,082,589$726,515$77,056$1,279,018
24$2,186,719$765,043$80,909$1,340,767
25$2,296,055$805,497$84,954$1,405,603
26$2,410,857$847,975$89,202$1,473,681
27$2,531,400$892,575$93,662$1,545,163
28$2,657,970$939,406$98,345$1,620,219
29$2,790,869$988,579$103,262$1,699,028
30$2,930,412$1,040,210$108,425$1,781,777
Total$47,300,000$16,179,716$1,750,101$29,370,181

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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.