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Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 23, 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 $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 prize 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: 4.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$23,748$317,525
2$508,889$151,864$24,936$332,089
3$534,333$160,770$26,182$347,381
4$561,050$170,544$27,491$363,015
5$589,103$180,923$28,866$379,314
6$618,558$191,821$30,309$396,427
7$649,486$203,265$31,825$414,396
8$681,960$215,280$33,416$433,264
9$716,058$227,896$35,087$453,075
10$751,861$241,144$36,841$473,876
11$789,454$255,053$38,683$495,718
12$828,927$269,658$40,617$518,651
13$870,373$284,993$42,648$542,732
14$913,892$301,095$44,781$568,016
15$959,586$318,002$47,020$594,565
16$1,007,565$335,754$49,371$622,441
17$1,057,944$354,394$51,839$651,710
18$1,110,841$373,966$54,431$682,444
19$1,166,383$394,517$57,153$714,713
20$1,224,702$416,095$60,010$748,597
21$1,285,937$438,752$63,011$784,175
22$1,350,234$462,542$66,161$821,531
23$1,417,746$487,521$69,470$860,755
24$1,488,633$513,749$72,943$901,941
25$1,563,065$541,289$76,590$945,186
26$1,641,218$570,206$80,420$990,593
27$1,723,279$600,568$84,441$1,038,270
28$1,809,443$632,449$88,663$1,088,331
29$1,899,915$665,924$93,096$1,140,896
30$1,994,911$701,072$97,751$1,196,088
Total$32,200,000$10,804,489$1,577,800$19,817,715

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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.