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Powerball Annuity Jackpot Analysis for Oregon (Oct. 27, 2018 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 $687,800,000 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:  Oct. 27, 2018
Jackpot:$687,800,000
Federal Tax:  24%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,352,377$2,484,570$828,190$7,039,616
2$10,869,996$2,608,799$869,600$7,391,597
3$11,413,496$2,739,239$913,080$7,761,177
4$11,984,171$2,876,201$958,734$8,149,236
5$12,583,379$3,020,011$1,006,670$8,556,698
6$13,212,548$3,171,011$1,057,004$8,984,533
7$13,873,176$3,329,562$1,109,854$9,433,759
8$14,566,834$3,496,040$1,165,347$9,905,447
9$15,295,176$3,670,842$1,223,614$10,400,720
10$16,059,935$3,854,384$1,284,795$10,920,756
11$16,862,932$4,047,104$1,349,035$11,466,793
12$17,706,078$4,249,459$1,416,486$12,040,133
13$18,591,382$4,461,932$1,487,311$12,642,140
14$19,520,951$4,685,028$1,561,676$13,274,247
15$20,496,998$4,919,280$1,639,760$13,937,959
16$21,521,849$5,165,244$1,721,748$14,634,857
17$22,597,941$5,423,506$1,807,835$15,366,600
18$23,727,838$5,694,681$1,898,227$16,134,930
19$24,914,230$5,979,415$1,993,138$16,941,676
20$26,159,941$6,278,386$2,092,795$17,788,760
21$27,467,938$6,592,305$2,197,435$18,678,198
22$28,841,335$6,921,920$2,307,307$19,612,108
23$30,283,402$7,268,016$2,422,672$20,592,713
24$31,797,572$7,631,417$2,543,806$21,622,349
25$33,387,450$8,012,988$2,670,996$22,703,466
26$35,056,823$8,413,638$2,804,546$23,838,640
27$36,809,665$8,834,319$2,944,773$25,030,572
28$38,650,147$9,276,035$3,092,012$26,282,100
29$40,582,655$9,739,837$3,246,612$27,596,205
30$42,611,788$10,226,829$3,408,943$28,976,016
Total$687,800,001$165,072,000$55,024,000$467,704,001
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