USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Apr 24, 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 $36,800,000 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, Apr 24, 2002
Jackpot:$36,800,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$656,148$198,732$64,959$392,457
2$682,394$208,443$67,557$406,394
3$709,689$218,542$70,259$420,888
4$738,077$229,046$73,070$435,962
5$767,600$239,969$75,992$451,638
6$798,304$251,330$79,032$467,942
7$830,236$263,145$82,193$484,898
8$863,446$275,432$85,481$502,532
9$897,983$288,211$88,900$520,872
10$933,903$301,501$92,456$539,945
11$971,259$315,323$96,155$559,781
12$1,010,109$329,698$100,001$580,411
13$1,050,514$344,647$104,001$601,865
14$1,092,534$360,195$108,161$624,178
15$1,136,235$376,364$112,487$647,384
16$1,181,685$393,181$116,987$671,517
17$1,228,952$410,670$121,666$696,616
18$1,278,110$428,858$126,533$722,719
19$1,329,235$447,774$131,594$749,866
20$1,382,404$467,447$136,858$778,099
21$1,437,700$487,906$142,332$807,462
22$1,495,208$509,184$148,026$837,998
23$1,555,017$531,313$153,947$869,757
24$1,617,217$554,328$160,105$902,785
25$1,681,906$578,262$166,509$937,135
26$1,749,182$603,155$173,169$972,859
27$1,819,150$629,043$180,096$1,010,011
28$1,891,916$655,966$187,300$1,048,650
29$1,967,592$683,966$194,792$1,088,834
30$2,046,296$713,087$202,583$1,130,626
Total$36,800,000$12,294,718$3,643,201$20,862,081

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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.