USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Nov 28, 2001

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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 $24,500,000 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, Nov 28, 2001
Jackpot:$24,500,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$436,837$121,662$43,247$271,928
2$454,311$127,778$44,977$281,556
3$472,483$134,138$46,776$291,569
4$491,383$140,753$48,647$301,983
5$511,038$147,633$50,593$312,813
6$531,480$154,787$52,616$324,076
7$552,739$162,228$54,721$335,790
8$574,848$169,966$56,910$347,972
9$597,842$178,014$59,186$360,642
10$621,756$186,384$61,554$373,818
11$646,626$195,209$64,016$387,401
12$672,491$204,779$66,577$401,136
13$699,391$214,732$69,240$415,419
14$727,366$225,083$72,009$430,274
15$756,461$235,848$74,890$445,724
16$786,720$247,043$77,885$461,791
17$818,188$258,687$81,001$478,501
18$850,916$270,796$84,241$495,879
19$884,952$283,390$87,610$513,953
20$920,351$296,487$91,115$532,749
21$957,165$310,108$94,759$552,297
22$995,451$324,274$98,550$572,627
23$1,035,269$339,007$102,492$593,771
24$1,076,680$354,329$106,591$615,760
25$1,119,747$370,264$110,855$638,629
26$1,164,537$386,836$115,289$662,412
27$1,211,119$404,071$119,901$687,147
28$1,259,563$421,996$124,697$712,871
29$1,309,946$440,637$129,685$739,624
30$1,362,344$460,024$134,872$767,447
Total$24,500,000$7,766,943$2,425,502$14,307,559

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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.