USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,816,573$238,577$2,967,514
2$5,273,797$1,909,493$250,505$3,113,799
3$5,537,487$2,007,058$263,031$3,267,398
4$5,814,361$2,109,501$276,182$3,428,678
5$6,105,079$2,217,067$289,991$3,598,021
6$6,410,333$2,330,011$304,491$3,775,831
7$6,730,850$2,448,602$319,715$3,962,532
8$7,067,393$2,573,123$335,701$4,158,568
9$7,420,762$2,703,870$352,486$4,364,406
10$7,791,800$2,841,154$370,111$4,580,536
11$8,181,390$2,985,302$388,616$4,807,472
12$8,590,460$3,136,658$408,047$5,045,755
13$9,019,983$3,295,581$428,449$5,295,952
14$9,470,982$3,462,451$449,872$5,558,659
15$9,944,531$3,637,664$472,365$5,834,502
16$10,441,758$3,821,638$495,983$6,124,136
17$10,963,845$4,014,811$520,783$6,428,252
18$11,512,038$4,217,642$546,822$6,747,574
19$12,087,639$4,430,614$574,163$7,082,862
20$12,692,022$4,654,236$602,871$7,434,915
21$13,326,623$4,889,038$633,015$7,804,570
22$13,992,954$5,135,581$664,665$8,192,708
23$14,692,601$5,394,450$697,899$8,600,253
24$15,427,231$5,666,263$732,793$9,028,174
25$16,198,593$5,951,667$769,433$9,477,493
26$17,008,523$6,251,341$807,905$9,949,277
27$17,858,949$6,565,999$848,300$10,444,650
28$18,751,896$6,896,389$890,715$10,964,792
29$19,689,491$7,243,299$935,251$11,510,941
30$20,673,966$7,607,555$982,013$12,084,397
Total$333,700,001$122,214,631$15,850,750$195,634,617

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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.