Arkansas Lottery

ARLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 17, 2025 is estimated to be $123 Million, with a cash option of 55.9 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Arkansas, your state will take 4.9% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Arkansas Powerball Jackpot/Cash Option for Sat May 17, 2025

Draw Date	Jackpot	Cash Option
Sat May 17, 2025	$123,000,000	$55,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,900,000
Federal Tax(24%)	$13,416,000
Additional Federal Tax	$7,227,330
State Tax(4.9%)	$2,739,100
Net Lumpsum Payment	$32,517,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,851,273	-$645,301 -$90,712	$1,115,260
2	$1,943,892	-$679,570 -$95,251	$1,169,071
3	$2,041,062	-$715,523 -$100,012	$1,225,527
4	$2,143,152	-$753,297 -$105,014	$1,284,841
5	$2,250,285	-$792,936 -$110,264	$1,347,085
6	$2,362,830	-$834,577 -$115,779	$1,412,474
7	$2,480,910	-$878,267 -$121,565	$1,481,078
8	$2,605,017	-$924,187 -$127,646	$1,553,184
9	$2,735,274	-$972,382 -$134,028	$1,628,864
10	$2,872,050	-$1,022,989 -$140,730	$1,708,331
11	$3,015,591	-$1,076,099 -$147,764	$1,791,728
12	$3,166,389	-$1,131,894 -$155,153	$1,879,342
13	$3,324,690	-$1,190,466 -$162,910	$1,971,314
14	$3,490,986	-$1,251,995 -$171,058	$2,067,933
15	$3,665,523	-$1,316,574 -$179,611	$2,169,338
16	$3,848,793	-$1,384,384 -$188,591	$2,275,818
17	$4,041,165	-$1,455,561 -$198,017	$2,387,587
18	$4,243,254	-$1,530,334 -$207,919	$2,505,001
19	$4,455,429	-$1,608,839 -$218,316	$2,628,274
20	$4,678,182	-$1,691,258 -$229,231	$2,757,693
21	$4,912,128	-$1,777,818 -$240,694	$2,893,616
22	$5,157,759	-$1,868,701 -$252,730	$3,036,328
23	$5,415,567	-$1,964,090 -$265,363	$3,186,114
24	$5,686,413	-$2,064,303 -$278,634	$3,343,476
25	$5,970,666	-$2,169,477 -$292,563	$3,508,626
26	$6,269,310	-$2,279,975 -$307,196	$3,682,139
27	$6,582,714	-$2,395,935 -$322,553	$3,864,226
28	$6,911,862	-$2,517,719 -$338,681	$4,055,462
29	$7,257,492	-$2,645,602 -$355,617	$4,256,273
30	$7,620,342	-$2,779,857 -$373,397	$4,467,088