USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jul 20, 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 $91,000,000 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 money, as well as deductions claimed.

State:

Oregon

Drawing Date:Sat, Jul 20, 2024
Jackpot:$91,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,369,681$464,970$135,598$769,113
2$1,438,165$490,309$142,378$805,478
3$1,510,073$516,915$149,497$843,661
4$1,585,577$544,851$156,972$883,753
5$1,664,855$574,184$164,821$925,850
6$1,748,098$604,984$173,062$970,052
7$1,835,503$637,324$181,715$1,016,464
8$1,927,278$671,281$190,801$1,065,197
9$2,023,642$706,935$200,341$1,116,366
10$2,124,824$744,373$210,358$1,170,094
11$2,231,065$783,682$220,875$1,226,508
12$2,342,619$824,957$231,919$1,285,743
13$2,459,750$868,295$243,515$1,347,939
14$2,582,737$913,800$255,691$1,413,246
15$2,711,874$961,581$268,476$1,481,817
16$2,847,468$1,011,751$281,899$1,553,818
17$2,989,841$1,064,429$295,994$1,629,418
18$3,139,333$1,119,741$310,794$1,708,798
19$3,296,300$1,177,819$326,334$1,792,147
20$3,461,115$1,238,800$342,650$1,879,664
21$3,634,170$1,302,831$359,783$1,971,557
22$3,815,879$1,370,063$377,772$2,068,044
23$4,006,673$1,440,657$396,661$2,169,356
24$4,207,006$1,514,780$416,494$2,275,733
25$4,417,357$1,592,610$437,318$2,387,429
26$4,638,225$1,674,331$459,184$2,504,710
27$4,870,136$1,760,138$482,143$2,627,854
28$5,113,643$1,850,236$506,251$2,757,156
29$5,369,325$1,944,838$531,563$2,892,924
30$5,637,791$2,044,170$558,141$3,035,479
Total$91,000,000$32,415,635$9,009,000$49,575,368

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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.