USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Oct 26, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $173,900,000 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 26, 2011
Jackpot:$173,900,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,100,654$1,105,430$147,281$1,847,943
2$3,224,680$1,151,320$153,172$1,920,189
3$3,353,668$1,199,045$159,299$1,995,324
4$3,487,814$1,248,679$165,671$2,073,464
5$3,627,327$1,300,299$172,298$2,154,730
6$3,772,420$1,353,983$179,190$2,239,247
7$3,923,317$1,409,815$186,358$2,327,144
8$4,080,249$1,467,880$193,812$2,418,558
9$4,243,459$1,528,268$201,564$2,513,627
10$4,413,198$1,591,071$209,627$2,612,500
11$4,589,726$1,656,386$218,012$2,715,327
12$4,773,315$1,724,314$226,732$2,822,268
13$4,964,247$1,794,959$235,802$2,933,486
14$5,162,817$1,868,430$245,234$3,049,153
15$5,369,330$1,944,840$255,043$3,169,447
16$5,584,103$2,024,306$265,245$3,294,552
17$5,807,467$2,106,951$275,855$3,424,662
18$6,039,766$2,192,901$286,889$3,559,976
19$6,281,357$2,282,290$298,364$3,700,702
20$6,532,611$2,375,254$310,299$3,847,058
21$6,793,915$2,471,936$322,711$3,999,268
22$7,065,672$2,572,486$335,619$4,157,566
23$7,348,299$2,677,058$349,044$4,322,196
24$7,642,231$2,785,813$363,006$4,493,412
25$7,947,920$2,898,918$377,526$4,671,476
26$8,265,837$3,016,547$392,627$4,856,662
27$8,596,470$3,138,882$408,332$5,049,256
28$8,940,329$3,266,109$424,666$5,249,554
29$9,297,942$3,398,426$441,652$5,457,864
30$9,669,860$3,536,036$459,318$5,674,506
Total$173,900,000$63,088,632$8,260,248$102,551,117

◄ Back to Jackpot Analysis

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.