USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Nov 9, 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 $25,000,000 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:Wed, Nov 9, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$21,173$298,191
2$463,583$132,629$22,020$308,934
3$482,126$139,119$22,901$320,106
4$501,411$145,869$23,817$331,725
5$521,467$152,888$24,770$343,809
6$542,326$160,189$25,760$356,377
7$564,019$167,781$26,791$369,447
8$586,580$175,678$27,863$383,040
9$610,043$183,904$28,977$397,162
10$634,445$192,932$30,136$411,376
11$659,823$202,322$31,342$426,159
12$686,215$212,087$32,595$441,533
13$713,664$222,243$33,899$457,522
14$742,211$232,806$35,255$474,150
15$771,899$243,790$36,665$491,443
16$802,775$255,215$38,132$509,429
17$834,886$267,096$39,657$528,133
18$868,281$279,452$41,243$547,586
19$903,013$292,302$42,893$567,817
20$939,133$305,667$44,609$588,857
21$976,699$319,566$46,393$610,739
22$1,015,767$334,021$48,249$633,496
23$1,056,397$349,055$50,179$657,164
24$1,098,653$364,689$52,186$681,778
25$1,142,599$380,949$54,273$707,376
26$1,188,303$397,860$56,444$733,999
27$1,235,835$415,447$58,702$761,686
28$1,285,269$433,737$61,050$790,481
29$1,336,679$452,759$63,492$820,428
30$1,390,147$472,542$66,032$851,573
Total$25,000,000$8,010,982$1,187,498$15,801,516

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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.