USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 17, 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 $136,600,000 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:Wed, Sep 17, 2008
Jackpot:$136,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,435,592$857,126$241,124$1,337,342
2$2,533,015$893,173$250,769$1,389,074
3$2,634,336$930,662$260,799$1,442,875
4$2,739,709$969,650$271,231$1,498,828
5$2,849,298$1,010,197$282,080$1,557,020
6$2,963,270$1,052,367$293,364$1,617,539
7$3,081,800$1,096,223$305,098$1,680,479
8$3,205,072$1,141,834$317,302$1,745,936
9$3,333,275$1,189,269$329,994$1,814,012
10$3,466,606$1,238,602$343,194$1,884,811
11$3,605,270$1,289,907$356,922$1,958,441
12$3,749,481$1,343,265$371,199$2,035,017
13$3,899,461$1,398,758$386,047$2,114,656
14$4,055,439$1,456,470$401,488$2,197,481
15$4,217,657$1,516,490$417,548$2,283,618
16$4,386,363$1,578,911$434,250$2,373,201
17$4,561,817$1,643,830$451,620$2,466,368
18$4,744,290$1,711,345$469,685$2,563,261
19$4,934,062$1,781,560$488,472$2,664,029
20$5,131,424$1,854,584$508,011$2,768,829
21$5,336,681$1,930,529$528,331$2,877,820
22$5,550,148$2,009,512$549,465$2,991,171
23$5,772,154$2,091,654$571,443$3,109,057
24$6,003,040$2,177,082$594,301$3,231,657
25$6,243,162$2,265,927$618,073$3,359,162
26$6,492,888$2,358,326$642,796$3,491,767
27$6,752,604$2,454,421$668,508$3,629,675
28$7,022,708$2,554,359$695,248$3,773,101
29$7,303,616$2,658,295$723,058$3,922,263
30$7,595,761$2,766,389$751,980$4,077,392
Total$136,600,000$49,220,717$13,523,400$73,855,882

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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.