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Arkansas Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2022 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 $632,600,000 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 prize money, as well as deductions claimed.

State:

Arkansas

Drawing Date:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 5.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$523,685$5,511,929
2$9,997,615$3,662,072$549,869$5,785,674
3$10,497,495$3,847,028$577,362$6,073,105
4$11,022,371$4,041,232$606,230$6,374,908
5$11,573,488$4,245,146$636,542$6,691,801
6$12,152,163$4,459,255$668,369$7,024,539
7$12,759,772$4,684,071$701,787$7,373,914
8$13,397,760$4,920,126$736,877$7,740,757
9$14,067,648$5,167,985$773,721$8,125,943
10$14,771,030$5,428,236$812,407$8,530,387
11$15,509,582$5,701,500$853,027$8,955,055
12$16,285,061$5,988,428$895,678$9,400,955
13$17,099,314$6,289,701$940,462$9,869,151
14$17,954,280$6,606,039$987,485$10,360,756
15$18,851,994$6,938,193$1,036,860$10,876,941
16$19,794,594$7,286,955$1,088,703$11,418,936
17$20,784,323$7,653,154$1,143,138$11,988,031
18$21,823,539$8,037,664$1,200,295$12,585,580
19$22,914,716$8,441,400$1,260,309$13,213,007
20$24,060,452$8,865,322$1,323,325$13,871,805
21$25,263,474$9,310,441$1,389,491$14,563,543
22$26,526,648$9,777,815$1,458,966$15,289,868
23$27,852,981$10,268,558$1,531,914$16,052,509
24$29,245,629$10,783,838$1,608,510$16,853,282
25$30,707,911$11,324,882$1,688,935$17,694,094
26$32,243,307$11,892,979$1,773,382$18,576,947
27$33,855,472$12,489,480$1,862,051$19,503,942
28$35,548,245$13,115,806$1,955,153$20,477,286
29$37,325,658$13,773,448$2,052,911$21,499,298
30$39,191,941$14,463,973$2,155,557$22,572,411
Total$632,600,001$232,950,651$34,793,001$364,856,354

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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.