USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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The tax information provided here is based on 2025 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 $60,000,000 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, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$50,816$666,142
2$1,112,598$368,682$52,848$691,068
3$1,157,102$385,148$54,962$716,992
4$1,203,386$402,273$57,161$743,952
5$1,251,522$420,083$59,447$771,991
6$1,301,583$438,606$61,825$801,152
7$1,353,646$457,869$64,298$831,478
8$1,407,792$477,903$66,870$863,018
9$1,464,103$498,738$69,545$895,820
10$1,522,667$520,407$72,327$929,934
11$1,583,574$542,943$75,220$965,412
12$1,646,917$566,380$78,229$1,002,309
13$1,712,794$590,754$81,358$1,040,682
14$1,781,306$616,103$84,612$1,080,590
15$1,852,558$642,467$87,996$1,122,095
16$1,926,660$669,884$91,516$1,165,259
17$2,003,726$698,399$95,177$1,210,150
18$2,083,876$728,054$98,984$1,256,837
19$2,167,231$758,896$102,943$1,305,392
20$2,253,920$790,971$107,061$1,355,888
21$2,344,077$824,329$111,344$1,408,404
22$2,437,840$859,021$115,797$1,463,021
23$2,535,353$895,101$120,429$1,519,823
24$2,636,767$932,624$125,246$1,578,897
25$2,742,238$971,648$130,256$1,640,333
26$2,851,928$1,012,233$135,467$1,704,228
27$2,966,005$1,054,442$140,885$1,770,677
28$3,084,645$1,098,339$146,521$1,839,785
29$3,208,031$1,143,992$152,381$1,911,658
30$3,336,352$1,191,470$158,477$1,986,405
Total$60,000,000$20,910,607$2,849,998$36,239,392

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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.