USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jan 4, 2003

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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 $22,600,000 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, Jan 4, 2003
Jackpot:$22,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$402,960$109,805$39,893$253,262
2$419,079$115,447$41,489$262,143
3$435,842$121,314$43,148$271,380
4$453,275$127,416$44,874$280,986
5$471,406$133,762$46,669$290,976
6$490,263$140,361$48,536$301,366
7$509,873$147,225$50,477$312,171
8$530,268$154,363$52,497$323,409
9$551,479$161,787$54,596$335,096
10$573,538$169,508$56,780$347,250
11$596,480$177,537$59,051$359,891
12$620,339$185,888$61,414$373,037
13$645,152$194,664$63,870$386,619
14$670,958$204,212$66,425$400,322
15$697,797$214,142$69,082$414,573
16$725,709$224,469$71,845$429,394
17$754,737$235,210$74,719$444,808
18$784,926$246,380$77,708$460,839
19$816,324$257,997$80,816$477,511
20$848,976$270,079$84,049$494,849
21$882,936$282,643$87,411$512,882
22$918,253$295,711$90,907$531,635
23$954,983$309,301$94,543$551,139
24$993,182$323,435$98,325$571,423
25$1,032,910$338,134$102,258$592,518
26$1,074,226$353,421$106,348$614,457
27$1,117,195$369,319$110,602$637,273
28$1,161,883$385,854$115,026$661,003
29$1,208,358$403,050$119,627$685,681
30$1,256,693$420,933$124,413$711,346
Total$22,600,000$7,073,367$2,237,398$13,289,239

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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.