USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Jan 14, 2012

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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 $65,900,000 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, Jan 14, 2012
Jackpot:$65,900,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,175,004$392,939$55,813$726,252
2$1,222,004$410,329$58,045$753,629
3$1,270,884$428,415$60,367$782,102
4$1,321,719$447,224$62,782$811,714
5$1,374,588$466,785$65,293$842,510
6$1,429,571$487,129$67,905$874,538
7$1,486,754$508,287$70,621$907,847
8$1,546,224$530,291$73,446$942,488
9$1,608,073$553,175$76,383$978,515
10$1,672,396$576,974$79,439$1,015,983
11$1,739,292$601,726$82,616$1,054,950
12$1,808,864$627,467$85,921$1,095,476
13$1,881,219$654,239$89,358$1,137,622
14$1,956,467$682,081$92,932$1,181,454
15$2,034,726$711,036$96,649$1,227,040
16$2,116,115$741,150$100,515$1,274,449
17$2,200,760$772,469$104,536$1,323,755
18$2,288,790$805,040$108,718$1,375,032
19$2,380,342$838,914$113,066$1,428,361
20$2,475,555$874,143$117,589$1,483,823
21$2,574,577$910,781$122,292$1,541,504
22$2,677,561$948,885$127,184$1,601,491
23$2,784,663$988,513$132,271$1,663,878
24$2,896,049$1,029,726$137,562$1,728,761
25$3,011,891$1,072,588$143,065$1,796,239
26$3,132,367$1,117,164$148,787$1,866,416
27$3,257,662$1,163,523$154,739$1,939,400
28$3,387,968$1,211,736$160,928$2,015,304
29$3,523,487$1,261,878$167,366$2,094,243
30$3,664,426$1,314,026$174,060$2,176,341
Total$65,900,000$23,128,633$3,130,248$39,641,117

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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.