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Powerball Annuity Jackpot Analysis for Oregon

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $422,000,000 would be for a resident of Oregon, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Oregon

Drawing Date:  Wed, Jul 27, 2016
Jackpot:$422,000,000
Federal Tax:  25%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,351,706$1,587,926$508,136$4,255,643
2$6,669,291$1,667,323$533,543$4,468,425
3$7,002,755$1,750,689$560,220$4,691,846
4$7,352,893$1,838,223$588,231$4,926,439
5$7,720,538$1,930,134$617,643$5,172,760
6$8,106,565$2,026,641$648,525$5,431,398
7$8,511,893$2,127,973$680,951$5,702,968
8$8,937,488$2,234,372$714,999$5,988,117
9$9,384,362$2,346,091$750,749$6,287,523
10$9,853,580$2,463,395$788,286$6,601,899
11$10,346,259$2,586,565$827,701$6,931,994
12$10,863,572$2,715,893$869,086$7,278,593
13$11,406,751$2,851,688$912,540$7,642,523
14$11,977,088$2,994,272$958,167$8,024,649
15$12,575,943$3,143,986$1,006,075$8,425,882
16$13,204,740$3,301,185$1,056,379$8,847,176
17$13,864,977$3,466,244$1,109,198$9,289,534
18$14,558,226$3,639,556$1,164,658$9,754,011
19$15,286,137$3,821,534$1,222,891$10,241,712
20$16,050,444$4,012,611$1,284,036$10,753,797
21$16,852,966$4,213,241$1,348,237$11,291,487
22$17,695,614$4,423,904$1,415,649$11,856,061
23$18,580,395$4,645,099$1,486,432$12,448,865
24$19,509,414$4,877,354$1,560,753$13,071,308
25$20,484,885$5,121,221$1,638,791$13,724,873
26$21,509,130$5,377,282$1,720,730$14,411,117
27$22,584,586$5,646,147$1,806,767$15,131,673
28$23,713,815$5,928,454$1,897,105$15,888,256
29$24,899,506$6,224,877$1,991,960$16,682,669
30$26,144,482$6,536,120$2,091,559$17,516,803
Total$422,000,001$105,500,000$33,760,000$282,740,001
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