USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Sep 4, 2010

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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 $50,400,000 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, Sep 4, 2010
Jackpot:$50,400,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$898,637$289,516$42,685$566,436
2$934,582$302,816$44,393$587,374
3$971,966$316,648$46,168$609,150
4$1,010,844$331,033$48,015$631,797
5$1,051,278$345,993$49,936$655,349
6$1,093,329$361,552$51,933$679,844
7$1,137,062$377,733$54,010$705,319
8$1,182,545$394,562$56,171$731,812
9$1,229,847$412,064$58,418$759,365
10$1,279,041$430,265$60,754$788,021
11$1,330,202$449,195$63,185$817,823
12$1,383,410$468,882$65,712$848,816
13$1,438,747$489,357$68,340$881,050
14$1,496,297$510,650$71,074$914,573
15$1,556,149$532,795$73,917$949,436
16$1,618,394$555,826$76,874$985,695
17$1,683,130$579,778$79,949$1,023,403
18$1,750,455$604,689$83,147$1,062,620
19$1,820,474$630,596$86,472$1,103,406
20$1,893,293$657,539$89,931$1,145,823
21$1,969,024$685,559$93,529$1,189,936
22$2,047,785$714,701$97,270$1,235,815
23$2,129,697$745,008$101,161$1,283,528
24$2,214,885$776,528$105,207$1,333,150
25$2,303,480$809,308$109,415$1,384,757
26$2,395,619$843,399$113,792$1,438,428
27$2,491,444$878,855$118,344$1,494,246
28$2,591,102$915,728$123,077$1,552,296
29$2,694,746$954,076$128,000$1,612,669
30$2,802,536$993,958$133,120$1,675,457
Total$50,400,000$17,358,609$2,393,999$30,647,394

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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.