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Arkansas Powerball Jackpot Annuity Payout Schedule for Feb 19, 2022

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The tax information provided here is based on 2026 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 $31,300,000 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, Feb 19, 2022
Jackpot:$31,300,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$471,110$133,658$18,373$319,079
2$494,665$141,902$19,292$333,471
3$519,399$150,559$20,257$348,583
4$545,369$159,648$21,269$364,451
5$572,637$169,192$22,333$381,112
6$601,269$179,213$23,449$398,606
7$631,332$189,736$24,622$416,975
8$662,899$201,230$25,853$435,816
9$696,044$213,494$27,146$455,405
10$730,846$226,370$28,503$475,973
11$767,388$239,891$29,928$497,569
12$805,758$254,088$31,425$520,246
13$846,046$268,994$32,996$544,056
14$888,348$284,646$34,646$569,056
15$932,765$301,080$36,378$595,307
16$979,404$318,337$38,197$622,870
17$1,028,374$336,456$40,107$651,812
18$1,079,793$355,480$42,112$682,200
19$1,133,782$375,457$44,218$714,108
20$1,190,471$396,432$46,428$747,611
21$1,249,995$418,455$48,750$782,790
22$1,312,495$441,580$51,187$819,727
23$1,378,119$465,861$53,747$858,511
24$1,447,025$491,357$56,434$899,235
25$1,519,377$518,127$59,256$941,994
26$1,595,345$546,235$62,218$986,892
27$1,675,113$575,749$65,329$1,034,034
28$1,758,868$606,739$68,596$1,083,534
29$1,846,812$639,278$72,026$1,135,508
30$1,939,152$673,444$75,627$1,190,082
Total$31,300,000$10,272,688$1,220,702$19,806,613

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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.