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Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 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 $89,200,000 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, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$59,074$828,569
2$1,409,717$479,783$62,028$867,907
3$1,480,203$505,863$65,129$909,211
4$1,554,213$533,247$68,385$952,581
5$1,631,924$562,000$71,805$998,120
6$1,713,520$592,190$75,395$1,045,935
7$1,799,196$623,890$79,165$1,096,141
8$1,889,156$657,176$83,123$1,148,858
9$1,983,614$692,125$87,279$1,204,210
10$2,082,795$728,822$91,643$1,262,330
11$2,186,934$767,353$96,225$1,323,356
12$2,296,281$807,812$101,036$1,387,433
13$2,411,095$850,293$106,088$1,454,714
14$2,531,650$894,898$111,393$1,525,359
15$2,658,232$941,734$116,962$1,599,536
16$2,791,144$990,911$122,810$1,677,423
17$2,930,701$1,042,547$128,951$1,759,203
18$3,077,236$1,096,765$135,398$1,845,073
19$3,231,098$1,153,694$142,168$1,935,236
20$3,392,653$1,213,469$149,277$2,029,907
21$3,562,286$1,276,233$156,741$2,129,312
22$3,740,400$1,342,136$164,578$2,233,687
23$3,927,420$1,411,333$172,806$2,343,280
24$4,123,791$1,483,990$181,447$2,458,354
25$4,329,980$1,560,281$190,519$2,579,181
26$4,546,480$1,640,385$200,045$2,706,049
27$4,773,804$1,724,495$210,047$2,839,261
28$5,012,494$1,812,810$220,550$2,979,134
29$5,263,118$1,905,542$231,577$3,126,000
30$5,526,274$2,002,909$243,156$3,280,209
Total$89,200,000$31,749,631$3,924,800$53,525,569

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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.