USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jun 21, 1997

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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 $5,000,000 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, Jun 21, 1997
Jackpot:$5,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$89,150$14,666$8,826$65,658
2$92,717$15,451$9,179$68,087
3$96,425$16,267$9,546$70,613
4$100,282$17,115$9,928$73,239
5$104,293$18,073$10,325$75,895
6$108,465$19,074$10,738$78,653
7$112,804$20,115$11,168$81,521
8$117,316$21,198$11,614$84,503
9$122,009$22,325$12,079$87,605
10$126,889$23,496$12,562$90,831
11$131,965$24,714$13,064$94,186
12$137,243$25,981$13,587$97,675
13$142,733$27,298$14,131$101,304
14$148,442$28,669$14,696$105,078
15$154,380$30,094$15,284$109,003
16$160,555$31,576$15,895$113,084
17$166,977$33,117$16,531$117,329
18$173,656$34,720$17,192$121,744
19$180,603$36,387$17,880$126,336
20$187,827$38,121$18,595$131,111
21$195,340$40,195$19,339$135,806
22$203,153$42,696$20,112$140,346
23$211,279$45,296$20,917$145,067
24$219,731$48,000$21,753$149,977
25$228,520$50,813$22,623$155,084
26$237,661$53,738$23,528$160,394
27$247,167$56,883$24,470$165,814
28$257,054$60,344$25,448$171,262
29$267,336$63,942$26,466$176,927
30$278,029$67,685$27,525$182,819
Total$5,000,000$1,028,049$495,001$3,476,951

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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.