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Oklahoma Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

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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 $181,100,000 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, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$129,476$1,630,767
2$2,862,106$1,015,999$135,950$1,710,156
3$3,005,211$1,068,948$142,748$1,793,515
4$3,155,472$1,124,545$149,885$1,881,042
5$3,313,245$1,182,921$157,379$1,972,945
6$3,478,907$1,244,216$165,248$2,069,443
7$3,652,853$1,308,576$173,511$2,170,766
8$3,835,495$1,376,154$182,186$2,277,156
9$4,027,270$1,447,110$191,295$2,388,865
10$4,228,634$1,521,615$200,860$2,506,159
11$4,440,065$1,599,844$210,903$2,629,318
12$4,662,069$1,681,986$221,448$2,758,635
13$4,895,172$1,768,234$232,521$2,894,417
14$5,139,931$1,858,795$244,147$3,036,989
15$5,396,927$1,953,883$256,354$3,186,690
16$5,666,773$2,053,726$269,172$3,343,875
17$5,950,112$2,158,562$282,630$3,508,920
18$6,247,618$2,268,639$296,762$3,682,217
19$6,559,999$2,384,220$311,600$3,864,179
20$6,887,999$2,505,580$327,180$4,055,239
21$7,232,398$2,633,008$343,539$4,255,852
22$7,594,018$2,766,807$360,716$4,466,495
23$7,973,719$2,907,296$378,752$4,687,671
24$8,372,405$3,054,810$397,689$4,919,906
25$8,791,025$3,209,700$417,574$5,163,752
26$9,230,577$3,372,334$438,452$5,419,791
27$9,692,106$3,543,099$460,375$5,688,631
28$10,176,711$3,722,403$483,394$5,970,914
29$10,685,546$3,910,672$507,563$6,267,310
30$11,219,824$4,108,355$532,942$6,578,527
Total$181,100,000$65,717,609$8,602,251$106,780,142

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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.