USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 12, 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 $26,600,000 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, Sep 12, 2001
Jackpot:$26,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$474,281$134,767$46,954$292,559
2$493,252$141,407$48,832$303,013
3$512,982$148,313$50,785$313,884
4$533,501$155,495$52,817$325,190
5$554,841$162,964$54,929$336,948
6$577,035$170,731$57,126$349,177
7$600,116$178,810$59,412$361,895
8$624,121$187,212$61,788$375,121
9$649,086$196,119$64,259$388,707
10$675,049$205,725$66,830$402,494
11$702,051$215,716$69,503$416,832
12$730,133$226,107$72,283$431,744
13$759,339$236,913$75,175$447,252
14$789,712$248,151$78,182$463,380
15$821,301$259,838$81,309$480,153
16$854,153$271,994$84,561$497,598
17$888,319$284,635$87,944$515,740
18$923,851$297,782$91,461$534,608
19$960,806$311,455$95,120$554,230
20$999,238$325,675$98,925$574,638
21$1,039,207$340,464$102,882$595,862
22$1,080,776$355,844$106,997$617,935
23$1,124,007$371,840$111,277$640,890
24$1,168,967$388,475$115,728$664,764
25$1,215,726$405,776$120,357$689,593
26$1,264,355$423,768$125,171$715,415
27$1,314,929$442,481$130,178$742,270
28$1,367,526$461,942$135,385$770,199
29$1,422,227$482,181$140,800$799,245
30$1,479,116$503,230$146,432$829,453
Total$26,600,000$8,535,810$2,633,402$15,430,789

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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.