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Arkansas Powerball Jackpot Annuity Payout Schedule for Dec 23, 2023

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The tax information provided here is based on 2025 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 $626,400,000 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 23, 2023
Jackpot:$626,400,000
Federal Tax:37% marginal rate
State Tax: 3.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,428,219$3,445,461$367,701$5,615,057
2$9,899,630$3,619,883$386,086$5,893,661
3$10,394,611$3,803,026$405,390$6,186,195
4$10,914,342$3,995,327$425,659$6,493,356
5$11,460,059$4,197,242$446,942$6,815,874
6$12,033,062$4,409,253$469,289$7,154,519
7$12,634,715$4,631,865$492,754$7,510,097
8$13,266,451$4,865,607$517,392$7,883,452
9$13,929,774$5,111,036$543,261$8,275,476
10$14,626,262$5,368,737$570,424$8,687,101
11$15,357,575$5,639,323$598,945$9,119,307
12$16,125,454$5,923,438$628,893$9,573,123
13$16,931,727$6,221,759$660,337$10,049,630
14$17,778,313$6,534,996$693,354$10,549,963
15$18,667,229$6,863,895$728,022$11,075,312
16$19,600,590$7,209,239$764,423$11,626,929
17$20,580,619$7,571,849$802,644$12,206,126
18$21,609,651$7,952,591$842,776$12,814,283
19$22,690,133$8,352,369$884,915$13,452,848
20$23,824,640$8,772,137$929,161$14,123,342
21$25,015,872$9,212,893$975,619$14,827,360
22$26,266,665$9,675,686$1,024,400$15,566,579
23$27,579,999$10,161,620$1,075,620$16,342,759
24$28,958,998$10,671,850$1,129,401$17,157,748
25$30,406,948$11,207,591$1,185,871$18,013,486
26$31,927,296$11,770,120$1,245,165$18,912,012
27$33,523,661$12,360,775$1,307,423$19,855,463
28$35,199,843$12,980,962$1,372,794$20,846,087
29$36,959,836$13,632,159$1,441,434$21,886,243
30$38,807,828$14,315,917$1,513,505$22,978,406
Total$626,400,001$230,478,606$24,429,600$371,491,794

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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.