USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

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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 $462,700,000 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:Mon, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$330,804$4,098,516
2$7,312,514$2,663,818$347,344$4,301,352
3$7,678,140$2,799,099$364,712$4,514,329
4$8,062,047$2,941,145$382,947$4,737,955
5$8,465,149$3,090,293$402,095$4,972,761
6$8,888,406$3,246,898$422,199$5,219,309
7$9,332,827$3,411,334$443,309$5,478,184
8$9,799,468$3,583,991$465,475$5,750,002
9$10,289,442$3,765,281$488,748$6,035,412
10$10,803,914$3,955,636$513,186$6,335,092
11$11,344,109$4,155,508$538,845$6,649,756
12$11,911,315$4,365,374$565,787$6,980,153
13$12,506,880$4,585,734$594,077$7,327,070
14$13,132,225$4,817,111$623,781$7,691,333
15$13,788,836$5,060,057$654,970$8,073,809
16$14,478,278$5,315,150$687,718$8,475,409
17$15,202,191$5,582,999$722,104$8,897,089
18$15,962,301$5,864,239$758,209$9,339,853
19$16,760,416$6,159,542$796,120$9,804,754
20$17,598,437$6,469,609$835,926$10,292,902
21$18,478,359$6,795,180$877,722$10,805,456
22$19,402,276$7,137,030$921,608$11,343,638
23$20,372,390$7,495,972$967,689$11,908,730
24$21,391,010$7,872,861$1,016,073$12,502,075
25$22,460,560$8,268,595$1,066,877$13,125,089
26$23,583,589$8,684,116$1,120,220$13,779,253
27$24,762,768$9,120,412$1,176,231$14,466,125
28$26,000,906$9,578,523$1,235,043$15,187,340
29$27,300,951$10,059,540$1,296,795$15,944,616
30$28,665,999$10,564,607$1,361,635$16,739,757
Total$462,700,001$169,944,632$21,978,249$270,777,119

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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.