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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 $125,000,000 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, May 30, 2020
Jackpot:$125,000,000
Federal Tax:  24%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,881,429$451,543$150,514$1,279,372
2$1,975,501$474,120$158,040$1,343,341
3$2,074,276$497,826$165,942$1,410,508
4$2,177,990$522,718$174,239$1,481,033
5$2,286,889$548,853$182,951$1,555,085
6$2,401,234$576,296$192,099$1,632,839
7$2,521,295$605,111$201,704$1,714,481
8$2,647,360$635,366$211,789$1,800,205
9$2,779,728$667,135$222,378$1,890,215
10$2,918,715$700,491$233,497$1,984,726
11$3,064,650$735,516$245,172$2,083,962
12$3,217,883$772,292$257,431$2,188,160
13$3,378,777$810,906$270,302$2,297,568
14$3,547,716$851,452$283,817$2,412,447
15$3,725,102$894,024$298,008$2,533,069
16$3,911,357$938,726$312,909$2,659,723
17$4,106,924$985,662$328,554$2,792,709
18$4,312,271$1,034,945$344,982$2,932,344
19$4,527,884$1,086,692$362,231$3,078,961
20$4,754,278$1,141,027$380,342$3,232,909
21$4,991,992$1,198,078$399,359$3,394,555
22$5,241,592$1,257,982$419,327$3,564,282
23$5,503,672$1,320,881$440,294$3,742,497
24$5,778,855$1,386,925$462,308$3,929,621
25$6,067,798$1,456,271$485,424$4,126,102
26$6,371,188$1,529,085$509,695$4,332,408
27$6,689,747$1,605,539$535,180$4,549,028
28$7,024,234$1,685,816$561,939$4,776,479
29$7,375,446$1,770,107$590,036$5,015,303
30$7,744,219$1,858,612$619,537$5,266,069
Total$125,000,000$30,000,000$10,000,000$85,000,000
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