USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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The tax information provided here is based on 2024 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 $125,800,000 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 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$106,544$1,348,375
2$2,332,748$821,304$110,806$1,400,638
3$2,426,057$855,829$115,238$1,454,991
4$2,523,100$891,735$119,847$1,511,518
5$2,624,024$929,077$124,641$1,570,306
6$2,728,985$967,912$129,627$1,631,446
7$2,838,144$1,008,301$134,812$1,695,031
8$2,951,670$1,050,306$140,204$1,761,160
9$3,069,737$1,093,990$145,812$1,829,934
10$3,192,526$1,139,422$151,645$1,901,459
11$3,320,227$1,186,672$157,711$1,975,845
12$3,453,036$1,235,811$164,019$2,053,206
13$3,591,158$1,286,916$170,580$2,133,662
14$3,734,804$1,340,065$177,403$2,217,336
15$3,884,196$1,395,340$184,499$2,304,356
16$4,039,564$1,452,826$191,879$2,394,858
17$4,201,147$1,512,612$199,554$2,488,980
18$4,369,192$1,574,789$207,537$2,586,867
19$4,543,960$1,639,453$215,838$2,688,669
20$4,725,718$1,706,704$224,472$2,794,543
21$4,914,747$1,776,644$233,450$2,904,653
22$5,111,337$1,849,382$242,789$3,019,166
23$5,315,791$1,925,030$252,500$3,138,260
24$5,528,422$2,003,704$262,600$3,262,118
25$5,749,559$2,085,525$273,104$3,390,930
26$5,979,541$2,170,618$284,028$3,524,895
27$6,218,723$2,259,115$295,389$3,664,218
28$6,467,472$2,351,152$307,205$3,809,115
29$6,726,171$2,446,871$319,493$3,959,807
30$6,995,218$2,546,418$332,273$4,116,527
Total$125,800,000$45,291,631$5,975,499$74,532,869

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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.