USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Apr 28, 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 $67,600,000 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, Apr 28, 2007
Jackpot:$67,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,205,315$401,924$119,326$684,065
2$1,253,527$419,762$124,099$709,666
3$1,303,668$438,315$129,063$736,291
4$1,355,815$457,609$134,226$763,981
5$1,410,048$477,675$139,595$792,778
6$1,466,450$498,544$145,179$822,728
7$1,525,108$520,247$150,986$853,875
8$1,586,112$542,819$157,025$886,268
9$1,649,556$566,293$163,306$919,957
10$1,715,539$590,707$169,838$954,994
11$1,784,160$616,097$176,632$991,432
12$1,855,527$642,502$183,697$1,029,327
13$1,929,748$669,964$191,045$1,068,739
14$2,006,938$698,524$198,687$1,109,727
15$2,087,215$728,227$206,634$1,152,354
16$2,170,704$759,118$214,900$1,196,686
17$2,257,532$791,244$223,496$1,242,792
18$2,347,833$824,655$232,435$1,290,742
19$2,441,746$859,403$241,733$1,340,610
20$2,539,416$895,541$251,402$1,392,473
21$2,640,993$933,125$261,458$1,446,410
22$2,746,633$972,211$271,917$1,502,505
23$2,856,498$1,012,861$282,793$1,560,843
24$2,970,758$1,055,138$294,105$1,621,515
25$3,089,588$1,099,105$305,869$1,684,614
26$3,213,172$1,144,831$318,104$1,750,237
27$3,341,699$1,192,386$330,828$1,818,485
28$3,475,367$1,241,843$344,061$1,889,462
29$3,614,381$1,293,278$357,824$1,963,279
30$3,758,956$1,346,771$372,137$2,040,049
Total$67,600,000$23,690,719$6,692,400$37,216,884

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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.