USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Nov 30, 2005

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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 $66,500,000 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 30, 2005
Jackpot:$66,500,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,185,702$394,667$117,384$673,650
2$1,233,130$412,215$122,080$698,835
3$1,282,455$430,466$126,963$725,026
4$1,333,753$449,446$132,042$752,266
5$1,387,103$469,185$137,323$780,595
6$1,442,587$489,715$142,816$810,057
7$1,500,291$511,065$148,529$840,697
8$1,560,302$533,269$154,470$872,563
9$1,622,715$556,362$160,649$905,704
10$1,687,623$580,378$167,075$940,171
11$1,755,128$605,355$173,758$976,016
12$1,825,333$631,331$180,708$1,013,295
13$1,898,346$658,345$187,936$1,052,065
14$1,974,280$686,441$195,454$1,092,386
15$2,053,252$715,660$203,272$1,134,319
16$2,135,382$746,048$211,403$1,177,930
17$2,220,797$777,652$219,859$1,223,286
18$2,309,629$810,520$228,653$1,270,456
19$2,402,014$844,702$237,799$1,319,512
20$2,498,094$880,252$247,311$1,370,531
21$2,598,018$917,224$257,204$1,423,590
22$2,701,939$955,675$267,492$1,478,772
23$2,810,016$995,663$278,192$1,536,162
24$2,922,417$1,037,252$289,319$1,595,846
25$3,039,314$1,080,503$300,892$1,657,918
26$3,160,886$1,125,485$312,928$1,722,473
27$3,287,322$1,172,266$325,445$1,789,611
28$3,418,815$1,220,919$338,463$1,859,433
29$3,555,567$1,271,517$352,001$1,932,049
30$3,697,790$1,324,140$366,081$2,007,569
Total$66,500,000$23,283,718$6,583,501$36,632,783

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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.