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Oklahoma Powerball Jackpot Annuity Payout Schedule for Jul 23, 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 $93,600,000 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, Jul 23, 2011
Jackpot:$93,600,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,668,897$575,680$79,273$1,013,945
2$1,735,653$600,379$82,444$1,052,830
3$1,805,079$626,067$85,741$1,093,271
4$1,877,282$652,782$89,171$1,135,329
5$1,952,374$680,566$92,738$1,179,070
6$2,030,469$709,461$96,447$1,224,560
7$2,111,687$739,512$100,305$1,271,870
8$2,196,155$770,765$104,317$1,321,073
9$2,284,001$803,268$108,490$1,372,243
10$2,375,361$837,071$112,830$1,425,460
11$2,470,376$872,227$117,343$1,480,806
12$2,569,191$908,788$122,037$1,538,366
13$2,671,958$946,812$126,918$1,598,228
14$2,778,837$986,357$131,995$1,660,485
15$2,889,990$1,027,484$137,275$1,725,231
16$3,005,590$1,070,256$142,766$1,792,568
17$3,125,813$1,114,739$148,476$1,862,598
18$3,250,846$1,161,001$154,415$1,935,430
19$3,380,880$1,209,113$160,592$2,011,175
20$3,516,115$1,259,150$167,015$2,089,949
21$3,656,759$1,311,189$173,696$2,171,875
22$3,803,030$1,365,309$180,644$2,257,077
23$3,955,151$1,421,594$187,870$2,345,688
24$4,113,357$1,480,130$195,384$2,437,843
25$4,277,891$1,541,008$203,200$2,533,684
26$4,449,007$1,604,320$211,328$2,633,359
27$4,626,967$1,670,166$219,781$2,737,021
28$4,812,046$1,738,645$228,572$2,844,829
29$5,004,528$1,809,863$237,715$2,956,950
30$5,204,709$1,883,930$247,224$3,073,555
Total$93,600,000$33,377,632$4,446,002$55,776,368

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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.