Arkansas Lottery

ARLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 11, 2025 is estimated to be $263 Million, with a cash option of 117.7 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 Sat Jan 11, 2025

Draw Date	Jackpot	Cash Option
Sat Jan 11, 2025	$263,000,000	$117,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$117,700,000
Federal Tax(24%)	$28,248,000
Additional Federal Tax	$15,261,330
State Tax(4.9%)	$5,767,300
Net Lumpsum Payment	$68,423,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,958,413	-$1,424,943 -$193,962	$2,339,508
2	$4,156,452	-$1,498,218 -$203,666	$2,454,568
3	$4,364,222	-$1,575,093 -$213,847	$2,575,282
4	$4,582,512	-$1,655,860 -$224,543	$2,702,109
5	$4,811,585	-$1,740,617 -$235,768	$2,835,200
6	$5,052,230	-$1,829,655 -$247,559	$2,975,016
7	$5,304,710	-$1,923,073 -$259,931	$3,121,706
8	$5,570,077	-$2,021,259 -$272,934	$3,275,884
9	$5,848,594	-$2,124,310 -$286,581	$3,437,703
10	$6,141,050	-$2,232,519 -$300,911	$3,607,620
11	$6,447,971	-$2,346,080 -$315,951	$3,785,940
12	$6,770,409	-$2,465,382 -$331,750	$3,973,277
13	$7,108,890	-$2,590,620 -$348,336	$4,169,934
14	$7,464,466	-$2,722,183 -$365,759	$4,376,524
15	$7,837,663	-$2,860,266 -$384,045	$4,593,352
16	$8,229,533	-$3,005,258 -$403,247	$4,821,028
17	$8,640,865	-$3,157,450 -$423,402	$5,060,013
18	$9,072,974	-$3,317,331 -$444,576	$5,311,067
19	$9,526,649	-$3,485,191 -$466,806	$5,574,652
20	$10,002,942	-$3,661,419 -$490,144	$5,851,379
21	$10,503,168	-$3,846,503 -$514,655	$6,142,010
22	$11,028,379	-$4,040,831 -$540,391	$6,447,157
23	$11,579,627	-$4,244,792 -$567,402	$6,767,433
24	$12,158,753	-$4,459,069 -$595,779	$7,103,905
25	$12,766,546	-$4,683,952 -$625,561	$7,457,033
26	$13,405,110	-$4,920,221 -$656,850	$7,828,039
27	$14,075,234	-$5,168,167 -$689,686	$8,217,381
28	$14,779,022	-$5,428,569 -$724,172	$8,626,281
29	$15,518,052	-$5,702,010 -$760,385	$9,055,657
30	$16,293,902	-$5,989,074 -$798,401	$9,506,427