USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Dec 24, 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 $128,800,000 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:Sat, Dec 24, 2011
Jackpot:$128,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,296,517$807,899$109,085$1,379,533
2$2,388,377$841,887$113,448$1,433,042
3$2,483,913$877,235$117,986$1,488,691
4$2,583,269$913,997$122,705$1,546,566
5$2,686,600$952,230$127,613$1,606,757
6$2,794,064$991,991$132,718$1,669,354
7$2,905,826$1,033,343$138,027$1,734,456
8$3,022,059$1,076,350$143,548$1,802,162
9$3,142,942$1,121,076$149,290$1,872,576
10$3,268,659$1,167,592$155,261$1,945,806
11$3,399,406$1,215,968$161,472$2,021,966
12$3,535,382$1,266,279$167,931$2,101,172
13$3,676,797$1,318,603$174,648$2,183,547
14$3,823,869$1,373,019$181,634$2,269,216
15$3,976,824$1,429,613$188,899$2,358,312
16$4,135,897$1,488,470$196,455$2,450,972
17$4,301,333$1,549,681$204,313$2,547,339
18$4,473,386$1,613,341$212,486$2,647,560
19$4,652,322$1,679,547$220,985$2,751,790
20$4,838,414$1,748,401$229,825$2,860,189
21$5,031,951$1,820,010$239,018$2,972,924
22$5,233,229$1,894,483$248,578$3,090,168
23$5,442,558$1,971,934$258,522$3,212,102
24$5,660,261$2,052,484$268,862$3,338,914
25$5,886,671$2,136,256$279,617$3,470,798
26$6,122,138$2,223,379$290,802$3,607,958
27$6,367,023$2,313,986$302,434$3,750,603
28$6,621,704$2,408,218$314,531$3,898,955
29$6,886,572$2,506,220$327,112$4,053,241
30$7,162,035$2,608,141$340,197$4,213,698
Total$128,800,000$46,401,633$6,118,002$76,280,367

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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.