USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

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The tax information provided here is based on 2024 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 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: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$212,692$30,265$444,893
2$722,243$225,418$31,779$465,047
3$758,355$238,779$33,368$486,208
4$796,273$252,809$35,036$508,428
5$836,087$267,540$36,788$531,759
6$877,891$283,007$38,627$556,256
7$921,786$299,248$40,559$581,979
8$967,875$316,301$42,586$608,987
9$1,016,269$334,207$44,716$637,346
10$1,067,082$353,008$46,952$667,122
11$1,120,436$372,749$49,299$698,388
12$1,176,458$393,477$51,764$731,217
13$1,235,281$415,242$54,352$765,687
14$1,297,045$438,094$57,070$801,881
15$1,361,897$462,090$59,923$839,884
16$1,429,992$487,285$62,920$879,788
17$1,501,492$513,740$66,066$921,686
18$1,576,566$541,517$69,369$965,680
19$1,655,394$570,684$72,837$1,011,873
20$1,738,164$601,308$76,479$1,060,376
21$1,825,072$633,465$80,303$1,111,305
22$1,916,326$667,228$84,318$1,164,779
23$2,012,142$702,680$88,534$1,220,928
24$2,112,749$739,905$92,961$1,279,883
25$2,218,387$778,991$97,609$1,341,787
26$2,329,306$820,031$102,489$1,406,786
27$2,445,772$863,123$107,614$1,475,034
28$2,568,060$908,370$112,995$1,546,695
29$2,696,463$955,879$118,644$1,621,940
30$2,831,286$1,005,764$124,577$1,700,946
Total$45,700,000$15,654,631$2,010,799$28,034,568

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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.