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Arkansas Powerball Jackpot Annuity Payout Schedule for Apr 24, 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 $28,200,000 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, Apr 24, 2023
Jackpot:$28,200,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$424,450$118,932$18,676$286,842
2$445,673$126,360$19,610$299,703
3$467,957$134,160$20,590$313,207
4$491,354$142,349$21,620$327,386
5$515,922$150,948$22,701$342,274
6$541,718$159,976$23,836$357,907
7$568,804$169,456$25,027$374,321
8$597,244$179,410$26,279$391,555
9$627,107$190,217$27,593$409,297
10$658,462$201,819$28,972$427,671
11$691,385$214,000$30,421$446,964
12$725,954$226,791$31,942$467,221
13$762,252$240,221$33,539$488,492
14$800,365$254,323$35,216$510,826
15$840,383$269,129$36,977$534,277
16$882,402$284,677$38,826$558,900
17$926,522$301,001$40,767$584,754
18$972,848$318,142$42,805$611,901
19$1,021,491$336,139$44,946$640,406
20$1,072,565$355,037$47,193$670,335
21$1,126,193$374,879$49,553$701,762
22$1,182,503$395,714$52,030$734,759
23$1,241,628$417,590$54,632$769,406
24$1,303,710$440,560$57,363$805,786
25$1,368,895$464,679$60,231$843,985
26$1,437,340$490,004$63,243$884,093
27$1,509,207$516,594$66,405$926,208
28$1,584,667$544,515$69,725$970,427
29$1,663,901$573,831$73,212$1,016,858
30$1,747,096$604,613$76,872$1,065,610
Total$28,200,000$9,196,066$1,240,802$17,763,133

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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.