USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 23, 2022

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The tax information provided here is based on 2025 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 $32,200,000 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:Wed, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$139,177$18,902$326,578
2$508,889$147,658$19,847$341,384
3$534,333$156,564$20,839$356,930
4$561,050$165,915$21,881$373,254
5$589,103$175,733$22,975$390,394
6$618,558$186,042$24,124$408,392
7$649,486$197,330$25,330$426,826
8$681,960$209,345$26,596$446,018
9$716,058$221,962$27,926$466,170
10$751,861$235,209$29,323$487,330
11$789,454$249,118$30,789$509,547
12$828,927$263,723$32,328$532,875
13$870,373$279,058$33,945$557,370
14$913,892$295,160$35,642$583,090
15$959,586$312,067$37,424$610,095
16$1,007,565$329,819$39,295$638,451
17$1,057,944$348,459$41,260$668,224
18$1,110,841$368,031$43,323$699,487
19$1,166,383$388,582$45,489$732,312
20$1,224,702$410,160$47,763$766,779
21$1,285,937$432,817$50,152$802,969
22$1,350,234$456,607$52,659$840,968
23$1,417,746$481,586$55,292$880,868
24$1,488,633$507,814$58,057$922,762
25$1,563,065$535,354$60,960$966,751
26$1,641,218$564,271$64,008$1,012,940
27$1,723,279$594,633$67,208$1,061,438
28$1,809,443$626,514$70,568$1,112,360
29$1,899,915$659,989$74,097$1,165,829
30$1,994,911$695,137$77,802$1,221,972
Total$32,200,000$10,633,834$1,255,804$20,310,363

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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.