USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,452,000$320,152$3,967,881
2$7,077,034$2,576,690$336,159$4,164,185
3$7,430,886$2,707,616$352,967$4,370,303
4$7,802,430$2,845,087$370,615$4,586,728
5$8,192,552$2,989,432$389,146$4,813,974
6$8,602,179$3,140,994$408,604$5,052,582
7$9,032,289$3,300,135$429,034$5,303,120
8$9,483,903$3,467,232$450,485$5,566,186
9$9,958,098$3,642,684$473,010$5,842,404
10$10,456,003$3,826,909$496,660$6,132,434
11$10,978,803$4,020,345$521,493$6,436,965
12$11,527,743$4,223,453$547,568$6,756,723
13$12,104,130$4,436,716$574,946$7,092,468
14$12,709,337$4,660,642$603,694$7,445,001
15$13,344,804$4,895,765$633,878$7,815,160
16$14,012,044$5,142,644$665,572$8,203,828
17$14,712,646$5,401,867$698,851$8,611,928
18$15,448,278$5,674,051$733,793$9,040,434
19$16,220,692$5,959,844$770,483$9,490,365
20$17,031,727$6,259,927$809,007$9,962,793
21$17,883,313$6,575,014$849,457$10,458,842
22$18,777,479$6,905,855$891,930$10,979,694
23$19,716,353$7,253,238$936,527$11,526,588
24$20,702,170$7,617,991$983,353$12,100,826
25$21,737,279$8,000,981$1,032,521$12,703,777
26$22,824,143$8,403,121$1,084,147$13,336,876
27$23,965,350$8,825,367$1,138,354$14,001,629
28$25,163,617$9,268,726$1,195,272$14,699,619
29$26,421,798$9,734,253$1,255,035$15,432,510
30$27,742,888$10,223,056$1,317,787$16,202,045
Total$447,800,001$164,431,635$21,270,500$262,097,868

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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.