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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 $67,000,000 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, Dec 7, 2016
Jackpot:$67,000,000
Federal Tax:  25%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$252,112$80,676$675,659
2$1,058,868$264,717$84,709$709,442
3$1,111,812$277,953$88,945$744,914
4$1,167,403$291,851$93,392$782,160
5$1,225,773$306,443$98,062$821,268
6$1,287,061$321,765$102,965$862,331
7$1,351,414$337,854$108,113$905,448
8$1,418,985$354,746$113,519$950,720
9$1,489,934$372,484$119,195$998,256
10$1,564,431$391,108$125,154$1,048,169
11$1,642,653$410,663$131,412$1,100,577
12$1,724,785$431,196$137,983$1,155,606
13$1,811,024$452,756$144,882$1,213,386
14$1,901,576$475,394$152,126$1,274,056
15$1,996,654$499,164$159,732$1,337,758
16$2,096,487$524,122$167,719$1,404,646
17$2,201,311$550,328$176,105$1,474,879
18$2,311,377$577,844$184,910$1,548,623
19$2,426,946$606,736$194,156$1,626,054
20$2,548,293$637,073$203,863$1,707,356
21$2,675,708$668,927$214,057$1,792,724
22$2,809,493$702,373$224,759$1,882,360
23$2,949,968$737,492$235,997$1,976,479
24$3,097,466$774,367$247,797$2,075,302
25$3,252,340$813,085$260,187$2,179,068
26$3,414,957$853,739$273,197$2,288,021
27$3,585,704$896,426$286,856$2,402,422
28$3,764,990$941,247$301,199$2,522,543
29$3,953,239$988,310$316,259$2,648,670
30$4,150,901$1,037,725$332,072$2,781,104
Total$67,000,000$16,750,000$5,360,000$44,890,000
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