USA Mega

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 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: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$1,443,202$17,938,895
2$32,241,755$11,892,404$1,515,362$18,833,988
3$33,853,842$12,488,876$1,591,131$19,773,835
4$35,546,535$13,115,173$1,670,687$20,760,675
5$37,323,860$13,772,783$1,754,221$21,796,855
6$39,190,054$14,463,275$1,841,933$22,884,846
7$41,149,558$15,188,291$1,934,029$24,027,237
8$43,207,035$15,949,558$2,030,731$25,226,746
9$45,367,387$16,748,888$2,132,267$26,486,231
10$47,635,756$17,588,185$2,238,881$27,808,691
11$50,017,544$18,469,446$2,350,825$29,197,273
12$52,518,421$19,394,771$2,468,366$30,655,284
13$55,144,342$20,366,361$2,591,784$32,186,196
14$57,901,559$21,386,532$2,721,373$33,793,654
15$60,796,637$22,457,711$2,857,442$35,481,484
16$63,836,469$23,582,449$3,000,314$37,253,707
17$67,028,291$24,763,423$3,150,330$39,114,539
18$70,379,706$26,003,446$3,307,846$41,068,414
19$73,898,691$27,305,471$3,473,238$43,119,982
20$77,593,627$28,672,597$3,646,900$45,274,129
21$81,473,307$30,108,079$3,829,245$47,535,983
22$85,546,973$31,615,335$4,020,708$49,910,930
23$89,824,322$33,197,954$4,221,743$52,404,625
24$94,315,537$34,859,704$4,432,830$55,023,003
25$99,031,314$36,604,541$4,654,472$57,772,301
26$103,982,881$38,436,621$4,887,195$60,659,065
27$109,182,025$40,360,304$5,131,555$63,690,166
28$114,641,124$42,380,171$5,388,133$66,872,821
29$120,373,181$44,501,032$5,657,540$70,214,610
30$126,391,841$46,727,936$5,940,417$73,723,488
Total$2,040,100,004$753,725,652$95,884,700$1,190,489,653

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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.