USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 5, 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 $1,656,800,000 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 money, as well as deductions claimed.

State:

Arkansas

Drawing Date:Sat, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,184,958$972,551$14,779,708
2$26,184,079$9,646,297$1,021,179$15,516,603
3$27,493,282$10,130,702$1,072,238$16,290,342
4$28,867,947$10,639,328$1,125,850$17,102,769
5$30,311,343$11,173,385$1,182,142$17,955,816
6$31,826,911$11,734,145$1,241,250$18,851,517
7$33,418,257$12,322,943$1,303,312$19,792,002
8$35,089,170$12,941,181$1,368,478$20,779,512
9$36,843,628$13,590,330$1,436,902$21,816,397
10$38,685,809$14,271,937$1,508,747$22,905,126
11$40,620,100$14,987,625$1,584,184$24,048,292
12$42,651,105$15,739,097$1,663,393$25,248,615
13$44,783,660$16,528,142$1,746,563$26,508,955
14$47,022,844$17,356,640$1,833,891$27,832,313
15$49,373,985$18,226,562$1,925,585$29,221,838
16$51,842,685$19,139,981$2,021,865$30,680,839
17$54,434,818$20,099,071$2,122,958$32,212,790
18$57,156,560$21,106,115$2,229,106$33,821,339
19$60,014,387$22,163,511$2,340,561$35,510,315
20$63,015,107$23,273,777$2,457,589$37,283,741
21$66,165,862$24,439,557$2,580,469$39,145,837
22$69,474,155$25,663,625$2,709,492$41,101,038
23$72,947,864$26,948,897$2,844,967$43,154,000
24$76,595,256$28,298,432$2,987,215$45,309,608
25$80,425,018$29,715,445$3,136,576$47,572,998
26$84,446,271$31,203,308$3,293,405$49,949,558
27$88,668,584$32,765,564$3,458,075$52,444,946
28$93,102,012$34,405,932$3,630,978$55,065,101
29$97,757,113$36,128,320$3,812,527$57,816,266
30$102,644,970$37,936,827$4,003,154$60,704,989
Total$1,656,800,003$611,761,634$64,615,202$980,423,170

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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.