USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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The tax information provided here is based on 2025 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 $112,000,000 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:Sat, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$197,700$1,103,371
2$2,076,850$725,455$205,608$1,145,787
3$2,159,924$756,192$213,832$1,189,899
4$2,246,321$788,159$222,386$1,235,776
5$2,336,174$821,405$231,281$1,283,488
6$2,429,621$855,980$240,532$1,333,108
7$2,526,806$891,938$250,154$1,384,713
8$2,627,878$929,335$260,160$1,438,383
9$2,732,993$968,228$270,566$1,494,199
10$2,842,313$1,008,676$281,389$1,552,248
11$2,956,005$1,050,742$292,645$1,612,618
12$3,074,245$1,094,491$304,350$1,675,404
13$3,197,215$1,139,990$316,524$1,740,701
14$3,325,104$1,187,309$329,185$1,808,610
15$3,458,108$1,236,520$342,353$1,879,235
16$3,596,432$1,287,700$356,047$1,952,685
17$3,740,289$1,340,927$370,289$2,029,073
18$3,889,901$1,396,284$385,100$2,108,517
19$4,045,497$1,453,854$400,504$2,191,139
20$4,207,317$1,513,728$416,524$2,277,065
21$4,375,610$1,575,996$433,185$2,366,428
22$4,550,634$1,640,755$450,513$2,459,366
23$4,732,659$1,708,104$468,533$2,556,022
24$4,921,966$1,778,148$487,275$2,656,544
25$5,118,844$1,850,993$506,766$2,761,086
26$5,323,598$1,926,752$527,036$2,869,810
27$5,536,542$2,005,541$548,118$2,982,884
28$5,758,004$2,087,482$570,042$3,100,480
29$5,988,324$2,172,700$592,844$3,222,780
30$6,227,857$2,261,327$616,558$3,349,972
Total$112,000,000$40,150,611$11,087,999$60,761,391

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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.