USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 23, 2000

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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 $28,700,000 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, Sep 23, 2000
Jackpot:$28,700,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$511,724$147,873$50,661$313,191
2$532,193$155,037$52,687$324,469
3$553,481$162,487$54,795$336,199
4$575,620$170,236$56,986$348,397
5$598,645$178,295$59,266$361,084
6$622,590$186,676$61,636$374,278
7$647,494$195,530$64,102$387,862
8$673,394$205,113$66,666$401,615
9$700,329$215,079$69,333$415,918
10$728,343$225,444$72,106$430,793
11$757,476$236,223$74,990$446,263
12$787,775$247,434$77,990$462,351
13$819,286$259,093$81,109$479,084
14$852,058$271,219$84,354$496,485
15$886,140$283,829$87,728$514,583
16$921,586$296,944$91,237$533,405
17$958,449$310,583$94,886$552,979
18$996,787$324,768$98,682$573,337
19$1,036,659$339,521$102,629$594,508
20$1,078,125$354,863$106,734$616,527
21$1,121,250$370,820$111,004$639,426
22$1,166,100$387,414$115,444$663,242
23$1,212,744$404,673$120,062$688,010
24$1,261,254$422,621$124,864$713,768
25$1,311,704$441,288$129,859$740,558
26$1,364,172$460,701$135,053$768,418
27$1,418,739$480,891$140,455$797,393
28$1,475,488$501,888$146,073$827,527
29$1,534,508$523,725$151,916$858,866
30$1,595,888$546,436$157,993$891,459
Total$28,700,000$9,306,704$2,841,300$16,551,995

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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.