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Arkansas Powerball Jackpot Annuity Payout Schedule for Feb 5, 2024

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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 $214,800,000 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, Feb 5, 2024
Jackpot:$214,800,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,233,048$1,154,416$142,254$1,936,379
2$3,394,701$1,214,227$149,367$2,031,107
3$3,564,436$1,277,029$156,835$2,130,572
4$3,742,658$1,342,971$164,677$2,235,010
5$3,929,790$1,412,210$172,911$2,344,669
6$4,126,280$1,484,911$181,556$2,459,812
7$4,332,594$1,561,248$190,634$2,580,712
8$4,549,224$1,641,400$200,166$2,707,657
9$4,776,685$1,725,561$210,174$2,840,950
10$5,015,519$1,813,930$220,683$2,980,906
11$5,266,295$1,906,717$231,717$3,127,861
12$5,529,610$2,004,143$243,303$3,282,164
13$5,806,090$2,106,441$255,468$3,444,181
14$6,096,395$2,213,854$268,241$3,614,300
15$6,401,214$2,326,637$281,653$3,792,924
16$6,721,275$2,445,060$295,736$3,980,480
17$7,057,339$2,569,403$310,523$4,177,413
18$7,410,206$2,699,964$326,049$4,384,193
19$7,780,716$2,837,053$342,352$4,601,312
20$8,169,752$2,980,996$359,469$4,829,287
21$8,578,239$3,132,136$377,443$5,068,661
22$9,007,151$3,290,834$396,315$5,320,003
23$9,457,509$3,457,466$416,130$5,583,913
24$9,930,384$3,632,430$436,937$5,861,018
25$10,426,904$3,816,142$458,784$6,151,978
26$10,948,249$4,009,040$481,723$6,457,486
27$11,495,661$4,211,582$505,809$6,778,270
28$12,070,444$4,424,252$531,100$7,115,093
29$12,673,967$4,647,555$557,655$7,468,757
30$13,307,665$4,882,024$585,537$7,840,104
Total$214,800,000$78,221,632$9,451,201$127,127,172

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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.