USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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 prize money, as well as deductions claimed.

State:

Oklahoma

Drawing Date:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$204,474$2,544,539
2$4,519,946$1,635,335$214,697$2,669,914
3$4,745,943$1,718,954$225,432$2,801,557
4$4,983,241$1,806,754$236,704$2,939,783
5$5,232,402$1,898,944$248,539$3,084,919
6$5,494,023$1,995,743$260,966$3,237,313
7$5,768,724$2,097,383$274,014$3,397,327
8$6,057,160$2,204,104$287,715$3,565,341
9$6,360,018$2,316,162$302,101$3,741,755
10$6,678,019$2,433,822$317,206$3,926,991
11$7,011,920$2,557,365$333,066$4,121,488
12$7,362,516$2,687,086$349,719$4,325,710
13$7,730,641$2,823,292$367,205$4,540,144
14$8,117,174$2,966,309$385,566$4,765,299
15$8,523,032$3,116,477$404,844$5,001,711
16$8,949,184$3,274,153$425,086$5,249,945
17$9,396,643$3,439,713$446,341$5,510,590
18$9,866,475$3,613,551$468,658$5,784,267
19$10,359,799$3,796,081$492,090$6,071,628
20$10,877,789$3,987,737$516,695$6,373,357
21$11,421,678$4,188,976$542,530$6,690,173
22$11,992,762$4,400,277$569,656$7,022,829
23$12,592,400$4,622,143$598,139$7,372,118
24$13,222,020$4,855,102$628,046$7,738,872
25$13,883,121$5,099,710$659,448$8,123,963
26$14,577,278$5,356,548$692,421$8,528,309
27$15,306,141$5,626,227$727,042$8,952,872
28$16,071,448$5,909,391$763,394$9,398,664
29$16,875,021$6,206,713$801,563$9,866,745
30$17,718,772$6,518,901$841,642$10,358,230
Total$286,000,001$104,708,651$13,584,999$167,706,353

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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.