USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2022 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 $632,600,000 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 prize money, as well as deductions claimed.

State:

Oklahoma

Drawing Date:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$452,273$5,583,341
2$9,997,615$3,662,072$474,887$5,860,656
3$10,497,495$3,847,028$498,631$6,151,836
4$11,022,371$4,041,232$523,563$6,457,576
5$11,573,488$4,245,146$549,741$6,778,602
6$12,152,163$4,459,255$577,228$7,115,680
7$12,759,772$4,684,071$606,089$7,469,612
8$13,397,760$4,920,126$636,394$7,841,240
9$14,067,648$5,167,985$668,213$8,231,450
10$14,771,030$5,428,236$701,624$8,641,170
11$15,509,582$5,701,500$736,705$9,071,377
12$16,285,061$5,988,428$773,540$9,523,093
13$17,099,314$6,289,701$812,217$9,997,395
14$17,954,280$6,606,039$852,828$10,495,413
15$18,851,994$6,938,193$895,470$11,018,331
16$19,794,594$7,286,955$940,243$11,567,396
17$20,784,323$7,653,154$987,255$12,143,913
18$21,823,539$8,037,664$1,036,618$12,749,257
19$22,914,716$8,441,400$1,088,449$13,384,867
20$24,060,452$8,865,322$1,142,871$14,052,258
21$25,263,474$9,310,441$1,200,015$14,753,019
22$26,526,648$9,777,815$1,260,016$15,488,818
23$27,852,981$10,268,558$1,323,017$16,261,406
24$29,245,629$10,783,838$1,389,167$17,072,624
25$30,707,911$11,324,882$1,458,626$17,924,403
26$32,243,307$11,892,979$1,531,557$18,818,771
27$33,855,472$12,489,480$1,608,135$19,757,858
28$35,548,245$13,115,806$1,688,542$20,743,898
29$37,325,658$13,773,448$1,772,969$21,779,241
30$39,191,941$14,463,973$1,861,617$22,866,351
Total$632,600,001$232,950,651$30,048,500$369,600,852

◄ 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.