USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Apr 17, 2024

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The tax information provided here is based on 2025 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$406,441$57,696$750,514
2$1,275,383$428,912$60,581$785,891
3$1,339,153$452,507$63,610$823,036
4$1,406,110$477,281$66,790$862,039
5$1,476,416$503,294$70,130$902,992
6$1,550,236$530,608$73,636$945,992
7$1,627,748$559,287$77,318$991,143
8$1,709,136$589,400$81,184$1,038,551
9$1,794,592$621,019$85,243$1,088,330
10$1,884,322$654,219$89,505$1,140,597
11$1,978,538$689,079$93,981$1,195,478
12$2,077,465$725,682$98,680$1,253,103
13$2,181,338$764,115$103,614$1,313,609
14$2,290,405$804,470$108,794$1,377,141
15$2,404,926$846,843$114,234$1,443,849
16$2,525,172$891,334$119,946$1,513,892
17$2,651,430$938,049$125,943$1,587,438
18$2,784,002$987,101$132,240$1,664,661
19$2,923,202$1,038,605$138,852$1,745,745
20$3,069,362$1,092,684$145,795$1,830,883
21$3,222,830$1,149,467$153,084$1,920,278
22$3,383,972$1,209,090$160,739$2,014,143
23$3,553,170$1,271,693$168,776$2,112,701
24$3,730,829$1,337,427$177,214$2,216,188
25$3,917,370$1,406,447$186,075$2,324,848
26$4,113,239$1,478,919$195,379$2,438,941
27$4,318,901$1,555,014$205,148$2,558,739
28$4,534,846$1,634,913$215,405$2,684,527
29$4,761,588$1,718,808$226,175$2,816,605
30$4,999,667$1,806,897$237,484$2,955,286
Total$80,700,000$28,569,605$3,833,251$48,297,140

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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.