USA Mega

Arkansas Powerball Jackpot Annuity Payout Schedule for Mar 27, 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 $122,200,000 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, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$638,723$80,929$1,119,633
2$1,931,250$672,750$84,975$1,173,525
3$2,027,812$708,478$89,224$1,230,110
4$2,129,203$745,993$93,685$1,289,525
5$2,235,663$785,383$98,369$1,351,911
6$2,347,446$826,743$103,288$1,417,416
7$2,464,818$870,171$108,452$1,486,196
8$2,588,059$915,770$113,875$1,558,415
9$2,717,462$963,649$119,568$1,634,245
10$2,853,335$1,013,922$125,547$1,713,867
11$2,996,002$1,066,709$131,824$1,797,469
12$3,145,802$1,122,135$138,415$1,885,252
13$3,303,092$1,180,332$145,336$1,977,424
14$3,468,247$1,241,439$152,603$2,074,205
15$3,641,659$1,305,602$160,233$2,175,825
16$3,823,742$1,372,972$168,245$2,282,525
17$4,014,929$1,443,712$176,657$2,394,561
18$4,215,676$1,517,988$185,490$2,512,198
19$4,426,460$1,595,978$194,764$2,635,718
20$4,647,783$1,677,867$204,502$2,765,413
21$4,880,172$1,763,851$214,728$2,901,593
22$5,124,180$1,854,134$225,464$3,044,582
23$5,380,389$1,948,932$236,737$3,194,720
24$5,649,409$2,048,469$248,574$3,352,366
25$5,931,879$2,152,983$261,003$3,517,893
26$6,228,473$2,262,723$274,053$3,691,698
27$6,539,897$2,377,950$287,755$3,874,192
28$6,866,892$2,498,938$302,143$4,065,811
29$7,210,236$2,625,975$317,250$4,267,011
30$7,570,748$2,759,365$333,113$4,478,271
Total$122,200,000$43,959,636$5,376,801$72,863,570

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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.