USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for May 25, 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 $144,200,000 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, May 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$909,495$122,127$1,539,478
2$2,673,944$947,547$127,012$1,599,385
3$2,780,902$987,122$132,093$1,661,688
4$2,892,138$1,028,279$137,377$1,726,483
5$3,007,824$1,071,083$142,872$1,793,870
6$3,128,137$1,115,598$148,586$1,863,952
7$3,253,262$1,161,895$154,530$1,936,837
8$3,383,393$1,210,043$160,711$2,012,638
9$3,518,728$1,260,117$167,140$2,091,471
10$3,659,477$1,312,194$173,825$2,173,458
11$3,805,857$1,366,355$180,778$2,258,724
12$3,958,091$1,422,681$188,009$2,347,400
13$4,116,414$1,481,261$195,530$2,439,624
14$4,281,071$1,542,184$203,351$2,535,536
15$4,452,314$1,605,544$211,485$2,635,285
16$4,630,406$1,671,438$219,944$2,739,024
17$4,815,623$1,739,968$228,742$2,846,912
18$5,008,248$1,811,239$237,892$2,959,116
19$5,208,577$1,885,361$247,407$3,075,809
20$5,416,921$1,962,448$257,304$3,197,168
21$5,633,597$2,042,619$267,596$3,323,383
22$5,858,941$2,125,996$278,300$3,454,646
23$6,093,299$2,212,708$289,432$3,591,159
24$6,337,031$2,302,889$301,009$3,733,133
25$6,590,512$2,396,677$313,049$3,880,786
26$6,854,133$2,494,217$325,571$4,034,344
27$7,128,298$2,595,658$338,594$4,194,046
28$7,413,430$2,701,157$352,138$4,360,135
29$7,709,967$2,810,876$366,223$4,532,868
30$8,018,366$2,924,983$380,872$4,712,510
Total$144,200,000$52,099,632$6,849,499$85,250,868

◄ 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.