USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 28, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$40,416$516,265
2$866,060$283,397$42,437$540,226
3$909,363$299,419$44,559$565,385
4$954,831$316,242$46,787$591,802
5$1,002,572$333,907$49,126$619,539
6$1,052,701$352,454$51,582$648,664
7$1,105,336$371,929$54,161$679,245
8$1,160,603$392,378$56,870$711,355
9$1,218,633$413,849$59,713$745,071
10$1,279,564$436,394$62,699$780,472
11$1,343,543$460,066$65,834$817,643
12$1,410,720$484,921$69,125$856,673
13$1,481,256$511,020$72,582$897,655
14$1,555,319$538,423$76,211$940,685
15$1,633,084$567,196$80,021$985,867
16$1,714,739$597,408$84,022$1,033,308
17$1,800,476$629,131$88,223$1,083,121
18$1,890,499$662,440$92,634$1,135,425
19$1,985,024$697,414$97,266$1,190,344
20$2,084,276$734,137$102,130$1,248,009
21$2,188,489$772,696$107,236$1,308,557
22$2,297,914$813,183$112,598$1,372,133
23$2,412,810$855,695$118,228$1,438,887
24$2,533,450$900,332$124,139$1,508,979
25$2,660,123$947,200$130,346$1,582,576
26$2,793,129$996,413$136,863$1,659,853
27$2,932,785$1,048,086$143,706$1,740,993
28$3,079,424$1,102,342$150,892$1,826,191
29$3,233,396$1,159,311$158,436$1,915,648
30$3,395,065$1,219,129$166,358$2,009,578
Total$54,800,000$19,164,650$2,685,200$32,950,149

◄ Back to Jackpot Analysis

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.