USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Feb 6, 2023

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The tax information provided here is based on 2022 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 $747,000,000 for a ticket purchased in Oregon, 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 prize money, as well as deductions claimed.

State:

Oregon

Drawing Date:Mon, Feb 6, 2023
Jackpot:$747,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,243,422$4,123,021$1,113,099$6,007,302
2$11,805,593$4,331,024$1,168,754$6,305,815
3$12,395,873$4,549,428$1,227,191$6,619,253
4$13,015,667$4,778,752$1,288,551$6,948,364
5$13,666,449$5,019,541$1,352,978$7,293,930
6$14,349,772$5,272,371$1,420,627$7,656,774
7$15,067,261$5,537,842$1,491,659$8,037,761
8$15,820,624$5,816,586$1,566,242$8,437,796
9$16,611,655$6,109,267$1,644,554$8,857,834
10$17,442,238$6,416,583$1,726,782$9,298,873
11$18,314,350$6,739,264$1,813,121$9,761,965
12$19,230,067$7,078,080$1,903,777$10,248,211
13$20,191,571$7,433,836$1,998,965$10,758,769
14$21,201,149$7,807,380$2,098,914$11,294,855
15$22,261,207$8,199,601$2,203,859$11,857,746
16$23,374,267$8,611,434$2,314,052$12,448,781
17$24,542,980$9,043,858$2,429,755$13,069,367
18$25,770,129$9,497,903$2,551,243$13,720,984
19$27,058,636$9,974,650$2,678,805$14,405,180
20$28,411,568$10,475,235$2,812,745$15,123,587
21$29,832,146$11,000,849$2,953,382$15,877,914
22$31,323,753$11,552,744$3,101,052$16,669,958
23$32,889,941$12,132,233$3,256,104$17,501,604
24$34,534,437$12,740,697$3,418,909$18,374,831
25$36,261,159$13,379,584$3,589,855$19,291,721
26$38,074,218$14,050,416$3,769,348$20,254,455
27$39,977,929$14,754,789$3,957,815$21,265,325
28$41,976,825$15,494,380$4,155,706$22,326,739
29$44,075,666$16,270,951$4,363,491$23,441,224
30$46,279,450$17,086,351$4,581,666$24,611,433
Total$747,000,001$275,278,650$73,953,001$397,768,351

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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.