USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Apr 16, 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 $36,600,000 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:Wed, Apr 16, 2003
Jackpot:$36,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$652,582$197,412$64,606$390,564
2$678,685$207,071$67,190$404,424
3$705,832$217,115$69,877$418,840
4$734,066$227,562$72,672$433,832
5$763,428$238,426$75,579$449,423
6$793,965$249,724$78,603$465,638
7$825,724$261,475$81,747$482,502
8$858,753$273,696$85,017$500,041
9$893,103$286,405$88,417$518,280
10$928,827$299,623$91,954$537,250
11$965,980$313,370$95,632$556,978
12$1,004,619$327,666$99,457$577,496
13$1,044,804$342,535$103,436$598,834
14$1,086,596$357,998$107,573$621,025
15$1,130,060$374,080$111,876$644,105
16$1,175,263$390,804$116,351$668,107
17$1,222,273$408,198$121,005$693,070
18$1,271,164$426,288$125,845$719,031
19$1,322,011$445,101$130,879$746,030
20$1,374,891$464,667$136,114$774,110
21$1,429,887$485,015$141,559$803,313
22$1,487,082$506,178$147,221$833,683
23$1,546,565$528,186$153,110$865,269
24$1,608,428$551,076$159,234$898,118
25$1,672,765$574,880$165,604$932,281
26$1,739,676$599,637$172,228$967,811
27$1,809,263$625,385$179,117$1,004,761
28$1,881,633$652,162$186,282$1,043,190
29$1,956,899$680,010$193,733$1,083,156
30$2,035,175$708,972$201,482$1,124,720
Total$36,600,000$12,220,717$3,623,400$20,755,882

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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.