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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 $136,000,000 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:  Sat, Feb 6, 2016
Jackpot:$136,000,000
Federal Tax:  25%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,046,995$511,749$163,760$1,371,487
2$2,149,345$537,336$171,948$1,440,061
3$2,256,812$564,203$180,545$1,512,064
4$2,369,653$592,413$189,572$1,587,667
5$2,488,135$622,034$199,051$1,667,051
6$2,612,542$653,136$209,003$1,750,403
7$2,743,169$685,792$219,454$1,837,923
8$2,880,328$720,082$230,426$1,929,820
9$3,024,344$756,086$241,948$2,026,311
10$3,175,561$793,890$254,045$2,127,626
11$3,334,339$833,585$266,747$2,234,007
12$3,501,056$875,264$280,085$2,345,708
13$3,676,109$919,027$294,089$2,462,993
14$3,859,915$964,979$308,793$2,586,143
15$4,052,910$1,013,228$324,233$2,715,450
16$4,255,556$1,063,889$340,444$2,851,223
17$4,468,334$1,117,083$357,467$2,993,784
18$4,691,750$1,172,938$375,340$3,143,473
19$4,926,338$1,231,584$394,107$3,300,646
20$5,172,655$1,293,164$413,812$3,465,679
21$5,431,288$1,357,822$434,503$3,638,963
22$5,702,852$1,425,713$456,228$3,820,911
23$5,987,995$1,496,999$479,040$4,011,956
24$6,287,394$1,571,849$502,992$4,212,554
25$6,601,764$1,650,441$528,141$4,423,182
26$6,931,852$1,732,963$554,548$4,644,341
27$7,278,445$1,819,611$582,276$4,876,558
28$7,642,367$1,910,592$611,389$5,120,386
29$8,024,485$2,006,121$641,959$5,376,405
30$8,425,710$2,106,427$674,057$5,645,226
Total$136,000,000$34,000,000$10,880,000$91,120,000
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