USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Feb 10, 2007

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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 $37,400,000 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:Sat, Feb 10, 2007
Jackpot:$37,400,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$666,846$202,690$66,018$398,138
2$693,520$212,559$68,658$412,302
3$721,260$222,824$71,405$427,032
4$750,111$233,498$74,261$442,352
5$780,115$244,600$77,231$458,284
6$811,320$256,146$80,321$474,854
7$843,773$268,153$83,533$492,086
8$877,523$280,641$86,875$510,008
9$912,624$293,628$90,350$528,646
10$949,129$307,135$93,964$548,030
11$987,095$321,182$97,722$568,190
12$1,026,578$335,791$101,631$589,156
13$1,067,641$350,985$105,697$610,960
14$1,110,347$366,786$109,924$633,637
15$1,154,761$383,219$114,321$657,221
16$1,200,951$400,309$118,894$681,748
17$1,248,990$418,083$123,650$707,256
18$1,298,949$436,568$128,596$733,785
19$1,350,907$455,793$133,740$761,374
20$1,404,943$475,786$139,089$790,068
21$1,461,141$496,579$144,653$819,909
22$1,519,587$518,204$150,439$850,943
23$1,580,370$540,694$156,457$883,219
24$1,643,585$564,084$162,715$916,786
25$1,709,328$588,409$169,224$951,696
26$1,777,702$613,707$175,992$988,002
27$1,848,810$640,017$183,032$1,025,761
28$1,922,762$667,379$190,353$1,065,029
29$1,999,672$695,836$197,968$1,105,869
30$2,079,659$725,431$205,886$1,148,342
Total$37,400,000$12,516,716$3,702,599$21,180,683

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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.