USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Nov 10, 2004

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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 $52,700,000 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, Nov 10, 2004
Jackpot:$52,700,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$939,646$303,626$93,025$542,995
2$977,232$317,533$96,746$562,953
3$1,016,321$331,996$100,616$583,709
4$1,056,974$347,038$104,640$605,296
5$1,099,253$362,681$108,826$627,746
6$1,143,223$378,950$113,179$651,094
7$1,188,952$395,870$117,706$675,376
8$1,236,510$413,466$122,415$700,630
9$1,285,971$431,766$127,311$726,893
10$1,337,410$450,799$132,404$754,207
11$1,390,906$470,592$137,700$782,614
12$1,446,542$491,178$143,208$812,157
13$1,504,404$512,587$148,936$842,881
14$1,564,580$534,852$154,893$874,835
15$1,627,163$558,008$161,089$908,066
16$1,692,250$582,090$167,533$942,627
17$1,759,940$607,135$174,234$978,571
18$1,830,337$633,182$181,203$1,015,952
19$1,903,551$660,271$188,452$1,054,828
20$1,979,693$688,444$195,990$1,095,260
21$2,058,881$717,743$203,829$1,137,308
22$2,141,236$748,215$211,982$1,181,039
23$2,226,885$779,905$220,462$1,226,519
24$2,315,961$812,863$229,280$1,273,818
25$2,408,599$847,139$238,451$1,323,009
26$2,504,943$882,786$247,989$1,374,168
27$2,605,141$919,859$257,909$1,427,372
28$2,709,346$958,415$268,225$1,482,706
29$2,817,720$998,514$278,954$1,540,252
30$2,930,429$1,040,216$290,112$1,600,101
Total$52,700,000$18,177,719$5,217,299$29,304,982

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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.