USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$288,045$42,346$561,114
2$927,165$301,239$44,040$581,886
3$964,252$314,961$45,802$603,489
4$1,002,822$329,232$47,634$625,956
5$1,042,935$344,074$49,539$649,322
6$1,084,652$359,509$51,521$673,622
7$1,128,038$375,562$53,582$698,894
8$1,173,160$392,257$55,725$725,178
9$1,220,086$409,620$57,954$752,512
10$1,268,890$427,677$60,272$780,940
11$1,319,645$446,456$62,683$810,506
12$1,372,431$465,987$65,190$841,253
13$1,427,328$486,299$67,798$873,231
14$1,484,421$507,424$70,510$906,488
15$1,543,798$529,393$73,330$941,075
16$1,605,550$552,241$76,264$977,045
17$1,669,772$576,003$79,314$1,014,454
18$1,736,563$600,716$82,487$1,053,360
19$1,806,025$626,417$85,786$1,093,822
20$1,878,266$653,146$89,218$1,135,902
21$1,953,397$680,945$92,786$1,179,666
22$2,031,533$709,855$96,498$1,225,180
23$2,112,794$739,922$100,358$1,272,515
24$2,197,306$771,191$104,372$1,321,743
25$2,285,198$803,711$108,547$1,372,940
26$2,376,606$837,532$112,889$1,426,185
27$2,471,671$872,706$117,404$1,481,560
28$2,570,537$909,287$122,101$1,539,150
29$2,673,359$947,331$126,985$1,599,044
30$2,780,293$986,896$132,064$1,661,333
Total$50,000,000$17,245,634$2,374,999$30,379,365

◄ 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.