USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Dec 27, 2006

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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 $75,400,000 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, Dec 27, 2006
Jackpot:$75,400,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,344,389$453,381$133,095$757,914
2$1,398,165$473,278$138,418$786,468
3$1,454,092$493,971$143,955$816,165
4$1,512,255$515,492$149,713$847,050
5$1,572,746$537,873$155,702$879,171
6$1,635,655$561,150$161,930$912,576
7$1,701,082$585,357$168,407$947,317
8$1,769,125$610,533$175,143$983,448
9$1,839,890$636,716$182,149$1,021,024
10$1,913,485$663,947$189,435$1,060,104
11$1,990,025$692,266$197,012$1,100,746
12$2,069,626$721,719$204,893$1,143,014
13$2,152,411$752,349$213,089$1,186,973
14$2,238,507$784,205$221,612$1,232,690
15$2,328,048$817,335$230,477$1,280,236
16$2,421,169$851,790$239,696$1,329,684
17$2,518,016$887,623$249,284$1,381,109
18$2,618,737$924,890$259,255$1,434,592
19$2,723,486$963,647$269,625$1,490,214
20$2,832,426$1,003,955$280,410$1,548,061
21$2,945,723$1,045,875$291,627$1,608,222
22$3,063,552$1,089,471$303,292$1,670,789
23$3,186,094$1,134,812$315,423$1,735,859
24$3,313,538$1,181,966$328,040$1,803,531
25$3,446,079$1,231,007$341,162$1,873,911
26$3,583,922$1,282,009$354,808$1,947,105
27$3,727,279$1,335,051$369,001$2,023,228
28$3,876,370$1,390,214$383,761$2,102,395
29$4,031,425$1,447,585$399,111$2,184,730
30$4,192,682$1,507,250$415,076$2,270,357
Total$75,400,000$26,576,717$7,464,601$41,358,683

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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.