USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $20,300,000 for a ticket purchased in Oklahoma, 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Oklahoma

Drawing Date:Wed, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$17,193$248,528
2$376,429$101,297$17,880$257,251
3$391,486$106,567$18,596$266,323
4$407,146$112,048$19,339$275,758
5$423,431$117,748$20,113$285,570
6$440,369$123,676$20,918$295,775
7$457,983$129,841$21,754$306,388
8$476,303$136,253$22,624$317,425
9$495,355$142,921$23,529$328,904
10$515,169$149,856$24,471$340,842
11$535,776$157,069$25,449$353,258
12$557,207$164,570$26,467$366,170
13$579,495$172,371$27,526$379,599
14$602,675$180,484$28,627$393,564
15$626,782$188,930$29,772$408,080
16$651,853$198,206$30,963$422,684
17$677,927$207,853$32,202$437,872
18$705,045$217,887$33,490$453,668
19$733,246$228,321$34,829$470,096
20$762,576$239,173$36,222$487,180
21$793,079$250,460$37,671$504,948
22$824,802$262,197$39,178$523,427
23$857,795$274,404$40,745$542,645
24$892,106$287,100$42,375$562,632
25$927,791$300,303$44,070$583,418
26$964,902$314,034$45,833$605,035
27$1,003,498$328,315$47,666$627,517
28$1,043,638$343,166$49,573$650,899
29$1,085,384$358,612$51,556$675,216
30$1,128,799$374,676$53,618$700,505
Total$20,300,000$6,264,568$964,249$13,071,177

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.