USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Nov 25, 2023

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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 $337,900,000 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, Nov 25, 2023
Jackpot:$337,900,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,085,880$1,839,963$223,779$3,022,138
2$5,340,174$1,934,052$234,968$3,171,154
3$5,607,183$2,032,845$246,716$3,327,621
4$5,887,542$2,136,578$259,052$3,491,912
5$6,181,919$2,245,498$272,004$3,664,417
6$6,491,015$2,359,863$285,605$3,845,547
7$6,815,566$2,479,947$299,885$4,035,734
8$7,156,344$2,606,035$314,879$4,235,430
9$7,514,161$2,738,427$330,623$4,445,111
10$7,889,869$2,877,439$347,154$4,665,276
11$8,284,363$3,023,402$364,512$4,896,449
12$8,698,581$3,176,663$382,738$5,139,181
13$9,133,510$3,337,586$401,874$5,394,049
14$9,590,185$3,506,556$421,968$5,661,661
15$10,069,694$3,683,975$443,067$5,942,653
16$10,573,179$3,870,264$465,220$6,237,695
17$11,101,838$4,065,868$488,481$6,547,489
18$11,656,930$4,271,252$512,905$6,872,773
19$12,239,776$4,486,905$538,550$7,214,321
20$12,851,765$4,713,341$565,478$7,572,947
21$13,494,353$4,951,099$593,752$7,949,503
22$14,169,071$5,200,744$623,439$8,344,888
23$14,877,525$5,462,872$654,611$8,760,042
24$15,621,401$5,738,106$687,342$9,195,953
25$16,402,471$6,027,102$721,709$9,653,660
26$17,222,595$6,330,548$757,794$10,134,253
27$18,083,724$6,649,166$795,684$10,638,875
28$18,987,910$6,983,715$835,468$11,168,728
29$19,937,306$7,334,991$877,241$11,725,074
30$20,934,171$7,703,831$921,104$12,309,237
Total$337,900,001$123,768,633$14,867,602$199,263,771

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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.