Arkansas Lottery

ARLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Apr 23, 2025 is estimated to be $151 Million, with a cash option of 69.3 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 Apr 23, 2025

Draw Date	Jackpot	Cash Option
Wed Apr 23, 2025	$151,000,000	$69,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,300,000
Federal Tax(24%)	$16,632,000
Additional Federal Tax	$8,969,330
State Tax(4.9%)	$3,395,700
Net Lumpsum Payment	$40,302,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,272,701	-$801,230 -$111,362	$1,360,109
2	$2,386,404	-$843,300 -$116,934	$1,426,170
3	$2,505,694	-$887,437 -$122,779	$1,495,478
4	$2,631,024	-$933,809 -$128,920	$1,568,295
5	$2,762,545	-$982,472 -$135,365	$1,644,708
6	$2,900,710	-$1,033,593 -$142,135	$1,724,982
7	$3,045,670	-$1,087,228 -$149,238	$1,809,204
8	$3,198,029	-$1,143,601 -$156,703	$1,897,725
9	$3,357,938	-$1,202,767 -$164,539	$1,990,632
10	$3,525,850	-$1,264,895 -$172,767	$2,088,188
11	$3,702,067	-$1,330,095 -$181,401	$2,190,571
12	$3,887,193	-$1,398,592 -$190,472	$2,298,129
13	$4,081,530	-$1,470,496 -$199,995	$2,411,039
14	$4,285,682	-$1,546,033 -$209,998	$2,529,651
15	$4,499,951	-$1,625,312 -$220,498	$2,654,141
16	$4,724,941	-$1,708,559 -$231,522	$2,784,860
17	$4,961,105	-$1,795,939 -$243,094	$2,922,072
18	$5,209,198	-$1,887,734 -$255,251	$3,066,213
19	$5,469,673	-$1,984,109 -$268,014	$3,217,550
20	$5,743,134	-$2,085,290 -$281,414	$3,376,430
21	$6,030,336	-$2,191,555 -$295,486	$3,543,295
22	$6,331,883	-$2,303,127 -$310,262	$3,718,494
23	$6,648,379	-$2,420,231 -$325,771	$3,902,377
24	$6,980,881	-$2,543,256 -$342,063	$4,095,562
25	$7,329,842	-$2,672,372 -$359,162	$4,298,308
26	$7,696,470	-$2,808,024 -$377,127	$4,511,319
27	$8,081,218	-$2,950,381 -$395,980	$4,734,857
28	$8,485,294	-$3,099,889 -$415,779	$4,969,626
29	$8,909,604	-$3,256,884 -$436,571	$5,216,149
30	$9,355,054	-$3,421,700 -$458,398	$5,474,956