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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 $122,000,000 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, Jun 26, 2019
Jackpot:$122,000,000
Federal Tax:  24%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,836,275$440,706$146,902$1,248,667
2$1,928,089$462,741$154,247$1,311,100
3$2,024,493$485,878$161,959$1,376,655
4$2,125,718$510,172$170,057$1,445,488
5$2,232,004$535,681$178,560$1,517,763
6$2,343,604$562,465$187,488$1,593,651
7$2,460,784$590,588$196,863$1,673,333
8$2,583,823$620,118$206,706$1,757,000
9$2,713,015$651,124$217,041$1,844,850
10$2,848,665$683,680$227,893$1,937,092
11$2,991,099$717,864$239,288$2,033,947
12$3,140,654$753,757$251,252$2,135,644
13$3,297,686$791,445$263,815$2,242,427
14$3,462,571$831,017$277,006$2,354,548
15$3,635,699$872,568$290,856$2,472,275
16$3,817,484$916,196$305,399$2,595,889
17$4,008,358$962,006$320,669$2,725,684
18$4,208,776$1,010,106$336,702$2,861,968
19$4,419,215$1,060,612$353,537$3,005,066
20$4,640,176$1,113,642$371,214$3,155,319
21$4,872,184$1,169,324$389,775$3,313,085
22$5,115,794$1,227,790$409,263$3,478,740
23$5,371,583$1,289,180$429,727$3,652,677
24$5,640,162$1,353,639$451,213$3,835,310
25$5,922,171$1,421,321$473,774$4,027,076
26$6,218,279$1,492,387$497,462$4,228,430
27$6,529,193$1,567,006$522,335$4,439,851
28$6,855,653$1,645,357$548,452$4,661,844
29$7,198,435$1,727,625$575,875$4,894,936
30$7,558,357$1,814,006$604,669$5,139,683
Total$122,000,000$29,280,000$9,760,000$82,960,000
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