USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Apr 13, 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 $24,900,000 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 13, 2005
Jackpot:$24,900,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$443,969$124,159$43,953$275,858
2$461,728$130,374$45,711$285,643
3$480,197$136,838$47,540$295,820
4$499,405$143,561$49,441$306,403
5$519,381$150,553$51,419$317,410
6$540,157$157,824$53,476$328,857
7$561,763$165,386$55,615$340,762
8$584,234$173,251$57,839$353,143
9$607,603$181,430$60,153$366,020
10$631,907$189,937$62,559$379,412
11$657,183$199,115$65,061$393,007
12$683,471$208,841$67,664$406,966
13$710,809$218,957$70,370$421,483
14$739,242$229,477$73,185$436,580
15$768,811$240,417$76,112$452,282
16$799,564$251,796$79,157$468,611
17$831,546$263,629$82,323$485,594
18$864,808$275,936$85,616$503,256
19$899,401$288,736$89,041$521,625
20$935,377$302,047$92,602$540,728
21$972,792$315,890$96,306$560,595
22$1,011,703$330,288$100,159$581,257
23$1,052,172$345,261$104,165$602,746
24$1,094,258$360,833$108,332$625,094
25$1,138,029$377,028$112,665$648,336
26$1,183,550$393,871$117,171$672,508
27$1,230,892$411,387$121,858$697,646
28$1,280,128$429,604$126,733$723,791
29$1,331,333$448,550$131,802$750,980
30$1,384,586$468,254$137,074$779,258
Total$24,900,000$7,913,230$2,465,102$14,521,671

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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.