USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jun 1, 2002

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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 $21,300,000 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, Jun 1, 2002
Jackpot:$21,300,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$379,781$103,298$37,598$238,885
2$394,972$108,615$39,102$247,255
3$410,771$114,145$40,666$255,960
4$427,202$119,895$42,293$265,014
5$444,290$125,876$43,985$274,429
6$462,062$132,096$45,744$284,221
7$480,544$138,565$47,574$294,405
8$499,766$145,293$49,477$304,996
9$519,757$152,290$51,456$316,011
10$540,547$159,566$53,514$327,467
11$562,169$167,134$55,655$339,380
12$584,656$175,004$57,881$351,770
13$608,042$183,189$60,196$364,656
14$632,363$192,162$62,604$377,597
15$657,658$201,521$65,108$391,029
16$683,964$211,255$67,712$404,997
17$711,323$221,377$70,421$419,525
18$739,776$231,905$73,238$434,633
19$769,367$242,853$76,167$450,346
20$800,142$254,240$79,214$466,687
21$832,147$266,082$82,383$483,682
22$865,433$278,398$85,678$501,357
23$900,050$291,206$89,105$519,739
24$936,052$304,527$92,669$538,856
25$973,495$318,381$96,376$558,738
26$1,012,434$332,788$100,231$579,415
27$1,052,932$347,772$104,240$600,919
28$1,095,049$363,356$108,410$623,283
29$1,138,851$379,563$112,746$646,542
30$1,184,405$396,418$117,256$670,731
Total$21,300,000$6,658,770$2,108,699$12,532,525

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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.