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Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 $2,040,100,000 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 7, 2022
Jackpot:$2,040,100,000
Federal Tax:37% marginal rate
State Tax: 4.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$1,504,615$17,877,482
2$32,241,755$11,892,404$1,579,846$18,769,504
3$33,853,842$12,488,876$1,658,838$19,706,127
4$35,546,535$13,115,173$1,741,780$20,689,582
5$37,323,860$13,772,783$1,828,869$21,722,208
6$39,190,054$14,463,275$1,920,313$22,806,466
7$41,149,558$15,188,291$2,016,328$23,944,938
8$43,207,035$15,949,558$2,117,145$25,140,332
9$45,367,387$16,748,888$2,223,002$26,395,497
10$47,635,756$17,588,185$2,334,152$27,713,419
11$50,017,544$18,469,446$2,450,860$29,097,238
12$52,518,421$19,394,771$2,573,403$30,550,247
13$55,144,342$20,366,361$2,702,073$32,075,907
14$57,901,559$21,386,532$2,837,176$33,677,851
15$60,796,637$22,457,711$2,979,035$35,359,891
16$63,836,469$23,582,449$3,127,987$37,126,034
17$67,028,291$24,763,423$3,284,386$38,980,482
18$70,379,706$26,003,446$3,448,606$40,927,654
19$73,898,691$27,305,471$3,621,036$42,972,185
20$77,593,627$28,672,597$3,802,088$45,118,942
21$81,473,307$30,108,079$3,992,192$47,373,036
22$85,546,973$31,615,335$4,191,802$49,739,836
23$89,824,322$33,197,954$4,401,392$52,224,976
24$94,315,537$34,859,704$4,621,461$54,834,372
25$99,031,314$36,604,541$4,852,534$57,574,238
26$103,982,881$38,436,621$5,095,161$60,451,099
27$109,182,025$40,360,304$5,349,919$63,471,801
28$114,641,124$42,380,171$5,617,415$66,643,538
29$120,373,181$44,501,032$5,898,286$69,973,863
30$126,391,841$46,727,936$6,193,200$73,470,705
Total$2,040,100,004$753,725,652$99,964,900$1,186,409,450

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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.