USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Oct 11, 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 $104,200,000 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, Oct 11, 2003
Jackpot:$104,200,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,857,896$643,379$183,932$1,030,586
2$1,932,212$670,876$191,289$1,070,047
3$2,009,501$699,472$198,941$1,111,088
4$2,089,881$729,213$206,898$1,153,769
5$2,173,476$760,143$215,174$1,198,158
6$2,260,415$792,311$223,781$1,244,323
7$2,350,832$825,765$232,732$1,292,334
8$2,444,865$860,557$242,042$1,342,266
9$2,542,659$896,741$251,723$1,394,195
10$2,644,366$934,373$261,792$1,448,201
11$2,750,140$973,509$272,264$1,504,367
12$2,860,146$1,014,211$283,154$1,562,780
13$2,974,552$1,056,541$294,481$1,623,530
14$3,093,534$1,100,565$306,260$1,686,709
15$3,217,275$1,146,349$318,510$1,752,416
16$3,345,966$1,193,965$331,251$1,820,751
17$3,479,805$1,243,485$344,501$1,891,819
18$3,618,997$1,294,986$358,281$1,965,730
19$3,763,757$1,348,547$372,612$2,042,598
20$3,914,307$1,404,251$387,516$2,122,540
21$4,070,880$1,462,183$403,017$2,205,680
22$4,233,715$1,522,432$419,138$2,292,145
23$4,403,063$1,585,091$435,903$2,382,069
24$4,579,186$1,650,256$453,339$2,475,590
25$4,762,353$1,718,028$471,473$2,572,852
26$4,952,848$1,788,511$490,332$2,674,005
27$5,150,961$1,861,813$509,945$2,779,203
28$5,357,000$1,938,047$530,343$2,888,610
29$5,571,280$2,017,331$551,557$3,002,392
30$5,794,131$2,099,786$573,619$3,120,726
Total$104,200,000$37,232,717$10,315,800$56,651,479

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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.