USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Dec 1, 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 $126,100,000 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, Dec 1, 2004
Jackpot:$126,100,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,248,376$787,856$222,589$1,237,930
2$2,338,311$821,132$231,493$1,285,686
3$2,431,843$855,739$240,752$1,335,351
4$2,529,117$891,730$250,383$1,387,004
5$2,630,281$929,161$260,398$1,440,722
6$2,735,493$968,090$270,814$1,496,589
7$2,844,912$1,008,575$281,646$1,554,691
8$2,958,709$1,050,679$292,912$1,615,117
9$3,077,057$1,094,468$304,629$1,677,960
10$3,200,139$1,140,009$316,814$1,743,317
11$3,328,145$1,187,371$329,486$1,811,288
12$3,461,271$1,236,627$342,666$1,881,978
13$3,599,722$1,287,854$356,372$1,955,495
14$3,743,710$1,341,130$370,627$2,031,953
15$3,893,459$1,396,537$385,452$2,111,469
16$4,049,197$1,454,160$400,871$2,194,166
17$4,211,165$1,514,088$416,905$2,280,171
18$4,379,612$1,576,414$433,582$2,369,617
19$4,554,796$1,641,232$450,925$2,462,640
20$4,736,988$1,708,643$468,962$2,559,383
21$4,926,468$1,778,750$487,720$2,659,997
22$5,123,526$1,851,662$507,229$2,764,635
23$5,328,467$1,927,490$527,518$2,873,459
24$5,541,606$2,006,351$548,619$2,986,636
25$5,763,270$2,088,367$570,564$3,104,339
26$5,993,801$2,173,664$593,386$3,226,751
27$6,233,553$2,262,372$617,122$3,354,059
28$6,482,895$2,354,628$641,807$3,486,460
29$6,742,211$2,450,575$667,479$3,624,157
30$7,011,900$2,550,360$694,178$3,767,361
Total$126,100,000$45,335,714$12,483,900$68,280,381

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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.