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Arkansas Powerball Jackpot Annuity Payout Schedule for Oct 1, 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 $325,400,000 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 prize money, as well as deductions claimed.

State:

Arkansas

Drawing Date:Sat, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$239,989$2,882,630
2$5,142,624$1,865,726$251,989$3,024,909
3$5,399,755$1,960,864$264,588$3,174,303
4$5,669,743$2,060,760$277,817$3,331,166
5$5,953,230$2,165,650$291,708$3,495,871
6$6,250,891$2,275,785$306,294$3,668,813
7$6,563,436$2,391,426$321,608$3,850,401
8$6,891,608$2,512,850$337,689$4,041,069
9$7,236,188$2,640,345$354,573$4,241,270
10$7,597,998$2,774,214$372,302$4,451,482
11$7,977,898$2,914,777$390,917$4,672,203
12$8,376,792$3,062,368$410,463$4,903,961
13$8,795,632$3,217,339$430,986$5,147,307
14$9,235,414$3,380,058$452,535$5,402,820
15$9,697,184$3,550,913$475,162$5,671,109
16$10,182,044$3,730,311$498,920$5,952,812
17$10,691,146$3,918,679$523,866$6,248,601
18$11,225,703$4,116,465$550,059$6,559,178
19$11,786,988$4,324,141$577,562$6,885,285
20$12,376,337$4,542,200$606,441$7,227,697
21$12,995,154$4,771,162$636,763$7,587,230
22$13,644,912$5,011,572$668,601$7,964,739
23$14,327,158$5,264,003$702,031$8,361,124
24$15,043,515$5,529,056$737,132$8,777,327
25$15,795,691$5,807,361$773,989$9,214,342
26$16,585,476$6,099,581$812,688$9,673,207
27$17,414,750$6,406,412$853,323$10,155,015
28$18,285,487$6,728,585$895,989$10,660,913
29$19,199,761$7,066,867$940,788$11,192,106
30$20,159,750$7,422,062$987,828$11,749,860
Total$325,400,001$119,286,650$15,944,600$190,168,750

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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.