USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $53,200,000 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, Dec 7, 2011
Jackpot:$53,200,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$309,155$45,057$594,349
2$986,504$323,194$46,859$616,451
3$1,025,964$337,794$48,733$639,436
4$1,067,002$352,979$50,683$663,341
5$1,109,683$368,770$52,710$688,202
6$1,154,070$385,194$54,818$714,058
7$1,200,233$402,274$57,011$740,948
8$1,248,242$420,037$59,291$768,913
9$1,298,172$438,511$61,663$797,997
10$1,350,098$457,724$64,130$828,245
11$1,404,102$477,706$66,695$859,702
12$1,460,267$498,486$69,363$892,417
13$1,518,677$520,098$72,137$926,442
14$1,579,424$542,575$75,023$961,827
15$1,642,601$565,950$78,024$998,627
16$1,708,305$590,261$81,145$1,036,900
17$1,776,637$615,544$84,390$1,076,704
18$1,847,703$641,838$87,766$1,118,099
19$1,921,611$669,184$91,277$1,161,151
20$1,998,476$697,624$94,928$1,205,924
21$2,078,415$727,201$98,725$1,252,489
22$2,161,551$757,962$102,674$1,300,916
23$2,248,013$789,953$106,781$1,351,280
24$2,337,934$823,223$111,052$1,403,659
25$2,431,451$857,825$115,494$1,458,132
26$2,528,709$893,810$120,114$1,514,785
27$2,629,857$931,235$124,918$1,573,704
28$2,735,052$970,157$129,915$1,634,980
29$2,844,454$1,010,636$135,112$1,698,707
30$2,958,232$1,052,734$140,516$1,764,982
Total$53,200,000$18,429,634$2,527,004$32,243,367

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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.