USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $79,900,000 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, Dec 3, 2022
Jackpot:$79,900,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,202,610$403,153$52,915$746,542
2$1,262,740$425,402$55,561$781,778
3$1,325,877$448,762$58,339$818,776
4$1,392,171$473,291$61,256$857,624
5$1,461,780$499,046$64,318$898,415
6$1,534,869$526,089$67,534$941,245
7$1,611,612$554,484$70,911$986,217
8$1,692,193$584,299$74,456$1,033,437
9$1,776,802$615,605$78,179$1,083,018
10$1,865,642$648,475$82,088$1,135,079
11$1,958,924$682,990$86,193$1,189,742
12$2,056,871$719,230$90,502$1,247,138
13$2,159,714$757,282$95,027$1,307,405
14$2,267,700$797,237$99,779$1,370,684
15$2,381,085$839,189$104,768$1,437,128
16$2,500,139$883,239$110,006$1,506,894
17$2,625,146$929,492$115,506$1,580,148
18$2,756,403$978,057$121,282$1,657,065
19$2,894,224$1,029,050$127,346$1,737,827
20$3,038,935$1,082,594$133,713$1,822,628
21$3,190,881$1,138,814$140,399$1,911,669
22$3,350,426$1,197,845$147,419$2,005,162
23$3,517,947$1,259,828$154,790$2,103,329
24$3,693,844$1,324,910$162,529$2,206,405
25$3,878,536$1,393,246$170,656$2,314,635
26$4,072,463$1,464,999$179,188$2,428,276
27$4,276,086$1,540,340$188,148$2,547,599
28$4,489,891$1,619,447$197,555$2,672,888
29$4,714,385$1,702,510$207,433$2,804,442
30$4,950,104$1,789,726$217,805$2,942,573
Total$79,900,000$28,308,631$3,515,601$48,075,768

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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.