USA Mega

Oklahoma Powerball Jackpot Annuity Payout Schedule for Sep 14, 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 $152,300,000 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, Sep 14, 2024
Jackpot:$152,300,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,292,334$806,351$108,886$1,377,097
2$2,406,950$848,759$114,330$1,443,861
3$2,527,298$893,288$120,047$1,513,963
4$2,653,663$940,043$126,049$1,587,571
5$2,786,346$989,136$132,351$1,664,859
6$2,925,663$1,040,683$138,969$1,746,011
7$3,071,946$1,094,808$145,917$1,831,221
8$3,225,544$1,151,639$153,213$1,920,691
9$3,386,821$1,211,311$160,874$2,014,635
10$3,556,162$1,273,968$168,918$2,113,276
11$3,733,970$1,339,757$177,364$2,216,850
12$3,920,668$1,408,835$186,232$2,325,602
13$4,116,702$1,481,367$195,543$2,439,791
14$4,322,537$1,557,526$205,321$2,559,690
15$4,538,664$1,637,493$215,587$2,685,584
16$4,765,597$1,721,459$226,366$2,817,772
17$5,003,877$1,809,622$237,684$2,956,570
18$5,254,071$1,902,194$249,568$3,102,308
19$5,516,774$1,999,394$262,047$3,255,333
20$5,792,613$2,101,454$275,149$3,416,009
21$6,082,243$2,208,618$288,907$3,584,719
22$6,386,356$2,321,139$303,352$3,761,864
23$6,705,673$2,439,287$318,519$3,947,867
24$7,040,957$2,563,342$334,445$4,143,170
25$7,393,005$2,693,600$351,168$4,348,238
26$7,762,655$2,830,370$368,726$4,563,559
27$8,150,788$2,973,979$387,162$4,789,646
28$8,558,327$3,124,769$406,521$5,027,038
29$8,986,244$3,283,098$426,847$5,276,299
30$9,435,556$3,449,343$448,189$5,538,024
Total$152,300,000$55,096,632$7,234,251$89,969,118

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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.