USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jul 27, 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 $53,400,000 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, Jul 27, 2005
Jackpot:$53,400,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$952,127$308,244$94,261$549,622
2$990,212$322,336$98,031$569,846
3$1,029,821$336,991$101,952$590,878
4$1,071,014$352,232$106,030$612,751
5$1,113,854$368,083$110,272$635,499
6$1,158,408$384,568$114,682$659,158
7$1,204,745$401,713$119,270$683,762
8$1,252,935$419,543$124,041$709,351
9$1,303,052$438,086$129,002$735,963
10$1,355,174$457,372$134,162$763,640
11$1,409,381$477,428$139,529$792,424
12$1,465,756$498,287$145,110$822,359
13$1,524,386$519,980$150,914$853,492
14$1,585,362$542,541$156,951$885,870
15$1,648,776$566,005$163,229$919,543
16$1,714,727$590,406$169,758$954,563
17$1,783,317$615,784$176,548$990,984
18$1,854,649$642,177$183,610$1,028,861
19$1,928,835$669,626$190,955$1,068,254
20$2,005,989$698,173$198,593$1,109,223
21$2,086,228$727,862$206,537$1,151,830
22$2,169,677$758,738$214,798$1,196,141
23$2,256,464$790,849$223,390$1,242,225
24$2,346,723$824,245$232,326$1,290,153
25$2,440,592$858,976$241,619$1,339,997
26$2,538,216$895,097$251,283$1,391,835
27$2,639,744$932,663$261,335$1,445,747
28$2,745,334$971,731$271,788$1,501,815
29$2,855,147$1,012,362$282,660$1,560,126
30$2,969,353$1,054,618$293,966$1,620,769
Total$53,400,000$18,436,716$5,286,602$29,676,681

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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.