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Powerball Annuity Jackpot Analysis for Oregon (Jan. 16, 2019 Drawing)

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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 $112,000,000 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:  Jan. 16, 2019
Jackpot:$112,000,000
Federal Tax:  24%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,685,761$404,583$134,861$1,146,317
2$1,770,049$424,812$141,604$1,203,633
3$1,858,551$446,052$148,684$1,263,815
4$1,951,479$468,355$156,118$1,327,006
5$2,049,053$491,773$163,924$1,393,356
6$2,151,505$516,361$172,120$1,463,024
7$2,259,081$542,179$180,726$1,536,175
8$2,372,035$569,288$189,763$1,612,984
9$2,490,636$597,753$199,251$1,693,633
10$2,615,168$627,640$209,213$1,778,314
11$2,745,927$659,022$219,674$1,867,230
12$2,883,223$691,974$230,658$1,960,592
13$3,027,384$726,572$242,191$2,058,621
14$3,178,753$762,901$254,300$2,161,552
15$3,337,691$801,046$267,015$2,269,630
16$3,504,576$841,098$280,366$2,383,111
17$3,679,804$883,153$294,384$2,502,267
18$3,863,794$927,311$309,104$2,627,380
19$4,056,984$973,676$324,559$2,758,749
20$4,259,833$1,022,360$340,787$2,896,687
21$4,472,825$1,073,478$357,826$3,041,521
22$4,696,466$1,127,152$375,717$3,193,597
23$4,931,290$1,183,510$394,503$3,353,277
24$5,177,854$1,242,685$414,228$3,520,941
25$5,436,747$1,304,819$434,940$3,696,988
26$5,708,584$1,370,060$456,687$3,881,837
27$5,994,013$1,438,563$479,521$4,075,929
28$6,293,714$1,510,491$503,497$4,279,726
29$6,608,400$1,586,016$528,672$4,493,712
30$6,938,820$1,665,317$555,106$4,718,397
Total$112,000,000$26,880,000$8,960,000$76,160,000
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