USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Oct 23, 2002

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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 $72,100,000 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, Oct 23, 2002
Jackpot:$72,100,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,285,550$431,611$127,269$726,670
2$1,336,972$450,637$132,360$753,975
3$1,390,451$470,424$137,655$782,372
4$1,446,069$491,003$143,161$811,905
5$1,503,912$512,405$148,887$842,620
6$1,564,068$534,663$154,843$874,563
7$1,626,631$557,811$161,036$907,784
8$1,691,696$581,885$167,478$942,333
9$1,759,364$606,922$174,177$978,265
10$1,829,739$632,961$181,144$1,015,634
11$1,902,928$660,041$188,390$1,054,498
12$1,979,045$688,204$195,925$1,094,916
13$2,058,207$717,494$203,763$1,136,951
14$2,140,535$747,955$211,913$1,180,667
15$2,226,157$779,635$220,390$1,226,132
16$2,315,203$812,582$229,205$1,273,416
17$2,407,811$846,847$238,373$1,322,591
18$2,504,124$882,483$247,908$1,373,732
19$2,604,289$919,544$257,825$1,426,920
20$2,708,460$958,088$268,138$1,482,235
21$2,816,799$998,173$278,863$1,539,763
22$2,929,471$1,039,861$290,018$1,599,592
23$3,046,649$1,083,218$301,618$1,661,814
24$3,168,515$1,128,308$313,683$1,726,524
25$3,295,256$1,175,202$326,230$1,793,824
26$3,427,066$1,223,972$339,280$1,863,815
27$3,564,149$1,274,692$352,851$1,936,606
28$3,706,715$1,327,442$366,965$2,012,308
29$3,854,983$1,382,301$381,643$2,091,039
30$4,009,183$1,439,355$396,909$2,172,919
Total$72,100,000$25,355,719$7,137,900$39,606,383

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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.