USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Nov 21, 2022

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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 $20,000,000 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:Mon, Nov 21, 2022
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$74,907$14,299$211,823
2$316,080$80,175$15,014$220,891
3$331,884$85,707$15,764$230,413
4$348,478$91,515$16,553$240,411
5$365,902$97,613$17,380$250,909
6$384,197$104,016$18,249$261,932
7$403,407$110,740$19,162$273,506
8$423,578$117,799$20,120$285,658
9$444,757$125,212$21,126$298,419
10$466,994$132,995$22,182$311,817
11$490,344$141,168$23,291$325,885
12$514,861$149,749$24,456$340,657
13$540,604$158,759$25,679$356,167
14$567,635$168,219$26,963$372,453
15$596,016$178,153$28,311$389,553
16$625,817$188,583$29,726$407,508
17$657,108$200,150$31,213$425,745
18$689,963$212,307$32,773$444,883
19$724,461$225,071$34,412$464,979
20$760,685$238,474$36,133$486,078
21$798,719$252,546$37,939$508,233
22$838,655$267,322$39,836$531,496
23$880,587$282,838$41,828$555,922
24$924,617$299,128$43,919$581,569
25$970,848$316,234$46,115$608,499
26$1,019,390$334,195$48,421$636,774
27$1,070,360$353,053$50,842$666,464
28$1,123,878$372,855$53,384$697,638
29$1,180,071$393,647$56,053$730,371
30$1,239,075$415,478$58,856$764,741
Total$20,000,000$6,168,608$949,999$12,881,394

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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.