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Powerball Annuity Jackpot Analysis for Oregon (Nov. 10, 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 $92,000,000 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:  Nov. 10, 2018
Jackpot:$92,000,000
Federal Tax:  24%
State Tax:8.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,384,732$332,336$110,779$941,618
2$1,453,969$348,952$116,317$988,699
3$1,526,667$366,400$122,133$1,038,134
4$1,603,000$384,720$128,240$1,090,040
5$1,683,150$403,956$134,652$1,144,542
6$1,767,308$424,154$141,385$1,201,769
7$1,855,673$445,362$148,454$1,261,858
8$1,948,457$467,630$155,877$1,324,951
9$2,045,880$491,011$163,670$1,391,198
10$2,148,174$515,562$171,854$1,460,758
11$2,255,583$541,340$180,447$1,533,796
12$2,368,362$568,407$189,469$1,610,486
13$2,486,780$596,827$198,942$1,691,010
14$2,611,119$626,669$208,890$1,775,561
15$2,741,675$658,002$219,334$1,864,339
16$2,878,758$690,902$230,301$1,957,556
17$3,022,696$725,447$241,816$2,055,434
18$3,173,831$761,719$253,906$2,158,205
19$3,332,523$799,805$266,602$2,266,115
20$3,499,149$839,796$279,932$2,379,421
21$3,674,106$881,786$293,929$2,498,392
22$3,857,812$925,875$308,625$2,623,312
23$4,050,702$972,169$324,056$2,754,478
24$4,253,237$1,020,777$340,259$2,892,201
25$4,465,899$1,071,816$357,272$3,036,811
26$4,689,194$1,125,407$375,136$3,188,652
27$4,923,654$1,181,677$393,892$3,348,085
28$5,169,837$1,240,761$413,587$3,515,489
29$5,428,328$1,302,799$434,266$3,691,263
30$5,699,745$1,367,939$455,980$3,875,826
Total$92,000,000$22,080,000$7,360,000$62,560,000
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