USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Aug 7, 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 $22,100,000 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, Aug 7, 2002
Jackpot:$22,100,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$394,045$106,685$39,010$248,350
2$409,807$112,202$40,571$257,034
3$426,199$117,939$42,194$266,067
4$443,247$123,906$43,881$275,460
5$460,977$130,111$45,637$285,229
6$479,416$136,565$47,462$295,389
7$498,593$143,277$49,361$305,955
8$518,537$150,257$51,335$316,944
9$539,278$157,517$53,389$328,373
10$560,849$165,066$55,524$340,259
11$583,283$172,918$57,745$352,620
12$606,614$181,084$60,055$365,475
13$630,879$189,577$62,457$378,845
14$656,114$198,720$64,955$392,439
15$682,359$208,430$67,554$406,375
16$709,653$218,529$70,256$420,869
17$738,039$229,032$73,066$435,942
18$767,561$239,955$75,989$451,618
19$798,263$251,315$79,028$467,921
20$830,194$263,129$82,189$484,876
21$863,402$275,416$85,477$502,509
22$897,938$288,194$88,896$520,848
23$933,855$301,484$92,452$539,920
24$971,209$315,305$96,150$559,755
25$1,010,058$329,679$99,996$580,383
26$1,050,460$344,627$103,996$601,837
27$1,092,478$360,174$108,155$624,149
28$1,136,178$376,343$112,482$647,353
29$1,181,625$393,158$116,981$671,485
30$1,228,890$410,646$121,660$696,583
Total$22,100,000$6,891,240$2,187,903$13,020,862

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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.