USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jan 17, 1996

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The tax information provided here is based on 2026 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 $54,900,000 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:Wed, Jan 17, 1996
Jackpot:$54,900,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$978,872$318,140$96,908$563,824
2$1,018,027$332,627$100,785$584,615
3$1,058,748$347,694$104,816$606,238
4$1,101,098$363,364$109,009$628,726
5$1,145,142$379,660$113,369$652,113
6$1,190,948$396,608$117,904$676,436
7$1,238,586$414,234$122,620$701,732
8$1,288,129$432,565$127,525$728,039
9$1,339,655$451,629$132,626$755,399
10$1,393,241$471,456$137,931$783,854
11$1,448,970$492,076$143,448$813,446
12$1,506,929$513,521$149,186$844,222
13$1,567,206$535,824$155,153$876,229
14$1,629,895$559,018$161,360$909,517
15$1,695,090$583,141$167,814$944,136
16$1,762,894$608,228$174,527$980,139
17$1,833,410$634,319$181,508$1,017,583
18$1,906,746$661,453$188,768$1,056,525
19$1,983,016$689,673$196,319$1,097,024
20$2,062,337$719,022$204,171$1,139,143
21$2,144,830$749,544$212,338$1,182,948
22$2,230,623$781,288$220,832$1,228,504
23$2,319,848$814,301$229,665$1,275,882
24$2,412,642$848,635$238,852$1,325,156
25$2,509,148$884,342$248,406$1,376,400
26$2,609,514$921,477$258,342$1,429,695
27$2,713,894$960,098$268,676$1,485,121
28$2,822,450$1,000,264$279,423$1,542,764
29$2,935,348$1,042,036$290,599$1,602,713
30$3,052,762$1,085,479$302,223$1,665,059
Total$54,900,000$18,991,716$5,435,103$30,473,182

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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.