USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jan 23, 2021

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The tax information provided here is based on 2021 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 $20,000,000 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:Sat, Jan 23, 2021
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$29,802$191,323
2$316,080$85,172$31,292$199,616
3$331,884$90,704$32,857$208,324
4$348,478$96,512$34,499$217,467
5$365,902$102,610$36,224$227,068
6$384,197$109,013$38,036$237,149
7$403,407$115,737$39,937$247,733
8$423,578$122,796$41,934$258,847
9$444,757$130,209$44,031$270,517
10$466,994$137,992$46,232$282,770
11$490,344$146,165$48,544$295,635
12$514,861$154,746$50,971$309,144
13$540,604$164,096$53,520$322,989
14$567,635$174,097$56,196$337,342
15$596,016$184,598$59,006$352,412
16$625,817$195,625$61,956$368,237
17$657,108$207,202$65,054$384,852
18$689,963$219,359$68,306$402,298
19$724,461$232,123$71,722$420,617
20$760,685$245,526$75,308$439,851
21$798,719$259,598$79,073$460,047
22$838,655$274,374$83,027$481,253
23$880,587$289,890$87,178$503,520
24$924,617$306,180$91,537$526,899
25$970,848$323,286$96,114$551,448
26$1,019,390$341,247$100,920$577,224
27$1,070,360$360,105$105,966$604,289
28$1,123,878$379,907$111,264$632,707
29$1,180,071$400,699$116,827$662,546
30$1,239,075$422,530$122,668$693,877
Total$20,000,000$6,352,002$1,980,001$11,668,001

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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.