USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Apr 28, 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 $122,800,000 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 28, 2004
Jackpot:$122,800,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,189,536$766,086$216,764$1,206,686
2$2,277,118$798,491$225,435$1,253,192
3$2,368,202$832,192$234,452$1,301,558
4$2,462,930$867,242$243,830$1,351,859
5$2,561,448$903,693$253,583$1,404,171
6$2,663,906$941,602$263,727$1,458,577
7$2,770,462$981,028$274,276$1,515,158
8$2,881,280$1,022,031$285,247$1,574,003
9$2,996,531$1,064,674$296,657$1,635,201
10$3,116,393$1,109,023$308,523$1,698,847
11$3,241,048$1,155,145$320,864$1,765,039
12$3,370,690$1,203,113$333,698$1,833,879
13$3,505,518$1,252,999$347,046$1,905,473
14$3,645,739$1,304,881$360,928$1,979,930
15$3,791,568$1,358,837$375,365$2,057,365
16$3,943,231$1,414,953$390,380$2,137,898
17$4,100,960$1,473,313$405,995$2,221,653
18$4,264,999$1,534,007$422,235$2,308,757
19$4,435,599$1,597,129$439,124$2,399,346
20$4,613,022$1,662,776$456,689$2,493,558
21$4,797,543$1,731,048$474,957$2,591,538
22$4,989,445$1,802,052$493,955$2,693,438
23$5,189,023$1,875,896$513,713$2,799,414
24$5,396,584$1,952,693$534,262$2,909,629
25$5,612,447$2,032,563$555,632$3,024,252
26$5,836,945$2,115,627$577,858$3,143,461
27$6,070,423$2,202,014$600,972$3,267,437
28$6,313,240$2,291,856$625,011$3,396,373
29$6,565,769$2,385,292$650,011$3,530,466
30$6,828,400$2,482,465$676,012$3,669,923
Total$122,800,000$44,114,721$12,157,201$66,528,081

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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.