Arkansas Lottery

ARLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 29, 2025 is estimated to be $69 Million, with a cash option of 30.7 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 Wed Jan 29, 2025

Draw Date	Jackpot	Cash Option
Wed Jan 29, 2025	$69,000,000	$30,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$30,700,000
Federal Tax(24%)	$7,368,000
Additional Federal Tax	$3,951,330
State Tax(4.9%)	$1,504,300
Net Lumpsum Payment	$17,876,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,038,519	-$344,582 -$50,887	$643,050
2	$1,090,476	-$363,807 -$53,433	$673,236
3	$1,144,986	-$383,975 -$56,104	$704,907
4	$1,202,256	-$405,165 -$58,911	$738,180
5	$1,262,355	-$427,402 -$61,855	$773,098
6	$1,325,490	-$450,762 -$64,949	$809,779
7	$1,391,730	-$475,270 -$68,195	$848,265
8	$1,461,351	-$501,030 -$71,606	$888,715
9	$1,534,422	-$528,067 -$75,187	$931,168
10	$1,611,150	-$556,456 -$78,946	$975,748
11	$1,691,673	-$586,249 -$82,892	$1,022,532
12	$1,776,267	-$617,549 -$87,037	$1,071,681
13	$1,865,070	-$650,406 -$91,388	$1,123,276
14	$1,958,358	-$684,923 -$95,960	$1,177,475
15	$2,056,269	-$721,150 -$100,757	$1,234,362
16	$2,159,079	-$759,190 -$105,795	$1,294,094
17	$2,266,995	-$799,119 -$111,083	$1,356,793
18	$2,380,362	-$841,064 -$116,638	$1,422,660
19	$2,499,387	-$885,104 -$122,470	$1,491,813
20	$2,624,346	-$931,338 -$128,593	$1,564,415
21	$2,755,584	-$979,896 -$135,024	$1,640,664
22	$2,893,377	-$1,030,880 -$141,775	$1,720,722
23	$3,038,001	-$1,084,391 -$148,862	$1,804,748
24	$3,189,939	-$1,140,608 -$156,307	$1,893,024
25	$3,349,398	-$1,199,608 -$164,121	$1,985,669
26	$3,516,930	-$1,261,594 -$172,330	$2,083,006
27	$3,692,742	-$1,326,645 -$180,944	$2,185,153
28	$3,877,386	-$1,394,963 -$189,992	$2,292,431
29	$4,071,276	-$1,466,703 -$199,493	$2,405,080
30	$4,274,826	-$1,542,016 -$209,466	$2,523,344