USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Apr 17, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $80,700,000 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:Wed, Apr 17, 2024
Jackpot:$80,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,214,651$407,609$57,696$749,346
2$1,275,383$430,080$60,581$784,723
3$1,339,153$453,674$63,610$821,869
4$1,406,110$478,449$66,790$860,871
5$1,476,416$504,462$70,130$901,824
6$1,550,236$531,775$73,636$944,825
7$1,627,748$560,455$77,318$989,976
8$1,709,136$590,568$81,184$1,037,384
9$1,794,592$622,187$85,243$1,087,162
10$1,884,322$655,387$89,505$1,139,430
11$1,978,538$690,247$93,981$1,194,311
12$2,077,465$726,850$98,680$1,251,936
13$2,181,338$765,283$103,614$1,312,442
14$2,290,405$805,638$108,794$1,375,973
15$2,404,926$848,010$114,234$1,442,681
16$2,525,172$892,501$119,946$1,512,725
17$2,651,430$939,217$125,943$1,586,270
18$2,784,002$988,268$132,240$1,663,493
19$2,923,202$1,039,772$138,852$1,744,577
20$3,069,362$1,093,852$145,795$1,829,716
21$3,222,830$1,150,635$153,084$1,919,111
22$3,383,972$1,210,257$160,739$2,012,976
23$3,553,170$1,272,861$168,776$2,111,534
24$3,730,829$1,338,594$177,214$2,215,020
25$3,917,370$1,407,615$186,075$2,323,680
26$4,113,239$1,480,086$195,379$2,437,774
27$4,318,901$1,556,181$205,148$2,557,572
28$4,534,846$1,636,081$215,405$2,683,360
29$4,761,588$1,719,975$226,175$2,815,437
30$4,999,667$1,808,065$237,484$2,954,119
Total$80,700,000$28,604,634$3,833,251$48,262,117

◄ Back to Jackpot Analysis

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.