USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Feb 16, 2008

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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 $89,000,000 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, Feb 16, 2008
Jackpot:$89,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,586,879$543,102$157,101$886,675
2$1,650,354$566,588$163,385$920,381
3$1,716,368$591,013$169,920$955,434
4$1,785,023$616,416$176,717$991,890
5$1,856,424$642,834$183,786$1,029,804
6$1,930,681$670,309$191,137$1,069,234
7$2,007,908$698,883$198,783$1,110,242
8$2,088,224$728,600$206,734$1,152,890
9$2,171,753$759,506$215,004$1,197,244
10$2,258,623$791,648$223,604$1,243,372
11$2,348,968$825,076$232,548$1,291,345
12$2,442,927$859,840$241,850$1,341,237
13$2,540,644$895,996$251,524$1,393,125
14$2,642,270$933,597$261,585$1,447,088
15$2,747,961$972,703$272,048$1,503,210
16$2,857,879$1,013,373$282,930$1,561,577
17$2,972,194$1,055,669$294,247$1,622,278
18$3,091,082$1,099,658$306,017$1,685,407
19$3,214,725$1,145,406$318,258$1,751,062
20$3,343,314$1,192,984$330,988$1,819,343
21$3,477,047$1,242,465$344,228$1,890,355
22$3,616,129$1,293,925$357,997$1,964,207
23$3,760,774$1,347,444$372,317$2,041,014
24$3,911,205$1,403,103$387,209$2,120,893
25$4,067,653$1,460,989$402,698$2,203,967
26$4,230,359$1,521,190$418,806$2,290,363
27$4,399,574$1,583,799$435,558$2,380,216
28$4,575,557$1,648,913$452,980$2,473,663
29$4,758,579$1,716,631$471,099$2,570,848
30$4,948,922$1,787,058$489,943$2,671,920
Total$89,000,000$31,608,718$8,811,001$48,580,284

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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.