USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Nov 5, 2022

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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 $1,656,800,000 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, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,184,958$1,184,518$14,567,741
2$26,184,079$9,646,297$1,243,744$15,294,038
3$27,493,282$10,130,702$1,305,931$16,056,649
4$28,867,947$10,639,328$1,371,227$16,857,392
5$30,311,343$11,173,385$1,439,789$17,698,170
6$31,826,911$11,734,145$1,511,778$18,580,988
7$33,418,257$12,322,943$1,587,367$19,507,947
8$35,089,170$12,941,181$1,666,736$20,481,254
9$36,843,628$13,590,330$1,750,072$21,503,226
10$38,685,809$14,271,937$1,837,576$22,576,296
11$40,620,100$14,987,625$1,929,455$23,703,021
12$42,651,105$15,739,097$2,025,927$24,886,081
13$44,783,660$16,528,142$2,127,224$26,128,294
14$47,022,844$17,356,640$2,233,585$27,432,619
15$49,373,985$18,226,562$2,345,264$28,802,159
16$51,842,685$19,139,981$2,462,528$30,240,176
17$54,434,818$20,099,071$2,585,654$31,750,094
18$57,156,560$21,106,115$2,714,937$33,335,508
19$60,014,387$22,163,511$2,850,683$35,000,193
20$63,015,107$23,273,777$2,993,218$36,748,112
21$66,165,862$24,439,557$3,142,878$38,583,427
22$69,474,155$25,663,625$3,300,022$40,510,508
23$72,947,864$26,948,897$3,465,024$42,533,943
24$76,595,256$28,298,432$3,638,275$44,658,549
25$80,425,018$29,715,445$3,820,188$46,889,386
26$84,446,271$31,203,308$4,011,198$49,231,765
27$88,668,584$32,765,564$4,211,758$51,691,263
28$93,102,012$34,405,932$4,422,346$54,273,734
29$97,757,113$36,128,320$4,643,463$56,985,331
30$102,644,970$37,936,827$4,875,636$59,832,507
Total$1,656,800,003$611,761,634$78,698,001$966,340,371

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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.