USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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:Sat, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$94,856$1,206,215
2$2,076,850$725,455$98,650$1,252,745
3$2,159,924$756,192$102,596$1,301,135
4$2,246,321$788,159$106,700$1,351,462
5$2,336,174$821,405$110,968$1,403,801
6$2,429,621$855,980$115,407$1,458,234
7$2,526,806$891,938$120,023$1,514,844
8$2,627,878$929,335$124,824$1,573,719
9$2,732,993$968,228$129,817$1,634,948
10$2,842,313$1,008,676$135,010$1,698,627
11$2,956,005$1,050,742$140,410$1,764,853
12$3,074,245$1,094,491$146,027$1,833,728
13$3,197,215$1,139,990$151,868$1,905,358
14$3,325,104$1,187,309$157,942$1,979,853
15$3,458,108$1,236,520$164,260$2,057,328
16$3,596,432$1,287,700$170,831$2,137,901
17$3,740,289$1,340,927$177,664$2,221,698
18$3,889,901$1,396,284$184,770$2,308,847
19$4,045,497$1,453,854$192,161$2,399,482
20$4,207,317$1,513,728$199,848$2,493,742
21$4,375,610$1,575,996$207,841$2,591,772
22$4,550,634$1,640,755$216,155$2,693,724
23$4,732,659$1,708,104$224,801$2,799,754
24$4,921,966$1,778,148$233,793$2,910,025
25$5,118,844$1,850,993$243,145$3,024,707
26$5,323,598$1,926,752$252,871$3,143,976
27$5,536,542$2,005,541$262,986$3,268,015
28$5,758,004$2,087,482$273,505$3,397,017
29$5,988,324$2,172,700$284,445$3,531,178
30$6,227,857$2,261,327$295,823$3,670,706
Total$112,000,000$40,150,611$5,319,997$66,529,394

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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.