USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Nov 19, 2022

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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 $92,900,000 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 prize money, as well as deductions claimed.

State:

Oklahoma

Drawing Date:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$66,418$851,542
2$1,468,192$506,186$69,739$892,267
3$1,541,602$533,348$73,226$935,028
4$1,618,682$561,867$76,887$979,927
5$1,699,616$591,813$80,732$1,027,071
6$1,784,597$623,256$84,768$1,076,573
7$1,873,827$656,271$89,007$1,128,549
8$1,967,518$690,937$93,457$1,183,124
9$2,065,894$727,336$98,130$1,240,428
10$2,169,189$765,555$103,036$1,300,597
11$2,277,648$805,685$108,188$1,363,775
12$2,391,530$847,821$113,598$1,430,111
13$2,511,107$892,065$119,278$1,499,765
14$2,636,662$938,520$125,241$1,572,901
15$2,768,495$987,298$131,504$1,649,694
16$2,906,920$1,038,515$138,079$1,730,326
17$3,052,266$1,092,293$144,983$1,814,990
18$3,204,880$1,148,760$152,232$1,903,887
19$3,365,123$1,208,051$159,843$1,997,229
20$3,533,380$1,270,305$167,836$2,095,239
21$3,710,049$1,335,673$176,227$2,198,148
22$3,895,551$1,404,309$185,039$2,306,204
23$4,090,329$1,476,377$194,291$2,419,661
24$4,294,845$1,552,048$204,005$2,538,792
25$4,509,587$1,631,502$214,205$2,663,880
26$4,735,067$1,714,930$224,916$2,795,221
27$4,971,820$1,802,528$236,161$2,933,130
28$5,220,411$1,894,507$247,970$3,077,934
29$5,481,432$1,991,085$260,368$3,229,979
30$5,755,503$2,092,491$273,386$3,389,626
Total$92,900,000$33,261,650$4,412,750$55,225,598

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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.