USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 22, 2001

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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 $42,900,000 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:Sat, Sep 22, 2001
Jackpot:$42,900,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$764,911$241,205$75,726$447,980
2$795,508$252,526$78,755$464,227
3$827,328$264,299$81,905$481,123
4$860,421$276,544$85,182$498,696
5$894,838$289,278$88,589$516,971
6$930,631$302,521$92,133$535,978
7$967,857$316,295$95,818$555,744
8$1,006,571$330,619$99,651$576,301
9$1,046,834$345,516$103,637$597,681
10$1,088,707$361,009$107,782$619,916
11$1,132,256$377,122$112,093$643,040
12$1,177,546$393,880$116,577$667,089
13$1,224,648$411,307$121,240$692,100
14$1,273,633$429,432$126,090$718,112
15$1,324,579$448,282$131,133$745,164
16$1,377,562$467,886$136,379$773,298
17$1,432,664$488,274$141,834$802,557
18$1,489,971$509,477$147,507$832,987
19$1,549,570$531,529$153,407$864,634
20$1,611,553$554,462$159,544$897,547
21$1,676,015$578,313$165,925$931,776
22$1,743,055$603,118$172,562$967,375
23$1,812,778$628,915$179,465$1,004,397
24$1,885,289$655,745$186,644$1,042,901
25$1,960,700$683,647$194,109$1,082,944
26$2,039,128$712,665$201,874$1,124,589
27$2,120,693$742,844$209,949$1,167,900
28$2,205,521$774,231$218,347$1,212,944
29$2,293,742$806,872$227,080$1,259,789
30$2,385,492$840,820$236,164$1,308,508
Total$42,900,000$14,618,633$4,247,101$24,034,268

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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.