USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$33,705$436,686
2$722,243$230,185$35,390$456,668
3$758,355$243,546$37,159$477,649
4$796,273$257,576$39,017$499,680
5$836,087$272,307$40,968$522,811
6$877,891$287,775$43,017$547,100
7$921,786$304,016$45,167$572,602
8$967,875$321,069$47,426$599,380
9$1,016,269$338,974$49,797$627,497
10$1,067,082$357,775$52,287$657,020
11$1,120,436$377,516$54,901$688,018
12$1,176,458$398,244$57,646$720,567
13$1,235,281$420,009$60,529$754,743
14$1,297,045$442,862$63,555$790,628
15$1,361,897$466,857$66,733$828,307
16$1,429,992$492,052$70,070$867,870
17$1,501,492$518,507$73,573$909,412
18$1,576,566$546,284$77,252$953,030
19$1,655,394$575,451$81,114$998,829
20$1,738,164$606,076$85,170$1,046,918
21$1,825,072$638,232$89,429$1,097,412
22$1,916,326$671,996$93,900$1,150,430
23$2,012,142$707,448$98,595$1,206,100
24$2,112,749$744,672$103,525$1,264,552
25$2,218,387$783,758$108,701$1,325,928
26$2,329,306$824,798$114,136$1,390,372
27$2,445,772$867,890$119,843$1,458,038
28$2,568,060$913,137$125,835$1,529,088
29$2,696,463$960,646$132,127$1,603,690
30$2,831,286$1,010,531$138,733$1,682,022
Total$45,700,000$15,797,649$2,239,300$27,663,047

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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.