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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 $50,000,000 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, Aug 24, 2019
Jackpot:$50,000,000
Federal Tax:  24%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$180,617$60,206$511,749
2$790,200$189,648$63,216$537,336
3$829,710$199,130$66,377$564,203
4$871,196$209,087$69,696$592,413
5$914,756$219,541$73,180$622,034
6$960,493$230,518$76,839$653,136
7$1,008,518$242,044$80,681$685,792
8$1,058,944$254,147$84,716$720,082
9$1,111,891$266,854$88,951$756,086
10$1,167,486$280,197$93,399$793,890
11$1,225,860$294,206$98,069$833,585
12$1,287,153$308,917$102,972$875,264
13$1,351,511$324,363$108,121$919,027
14$1,419,086$340,581$113,527$964,979
15$1,490,041$357,610$119,203$1,013,228
16$1,564,543$375,490$125,163$1,063,889
17$1,642,770$394,265$131,422$1,117,083
18$1,724,908$413,978$137,993$1,172,938
19$1,811,154$434,677$144,892$1,231,584
20$1,901,711$456,411$152,137$1,293,164
21$1,996,797$479,231$159,744$1,357,822
22$2,096,637$503,193$167,731$1,425,713
23$2,201,469$528,352$176,117$1,496,999
24$2,311,542$554,770$184,923$1,571,849
25$2,427,119$582,509$194,170$1,650,441
26$2,548,475$611,634$203,878$1,732,963
27$2,675,899$642,216$214,072$1,819,611
28$2,809,694$674,327$224,776$1,910,592
29$2,950,178$708,043$236,014$2,006,121
30$3,097,687$743,445$247,815$2,106,427
Total$50,000,000$12,000,000$4,000,000$34,000,000
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