USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 3, 2008

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The tax information provided here is based on 2025 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 $80,700,000 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 3, 2008
Jackpot:$80,700,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,438,889$489,409$142,450$807,030
2$1,496,445$510,705$148,148$837,592
3$1,556,302$532,852$154,074$869,376
4$1,618,554$555,885$160,237$902,432
5$1,683,297$579,840$166,646$936,810
6$1,750,628$604,753$173,312$972,563
7$1,820,654$630,662$180,245$1,009,747
8$1,893,480$657,608$187,454$1,048,418
9$1,969,219$685,631$194,953$1,088,635
10$2,047,988$714,776$202,751$1,130,461
11$2,129,907$745,086$210,861$1,173,960
12$2,215,104$776,609$219,295$1,219,200
13$2,303,708$809,392$228,067$1,266,249
14$2,395,856$843,487$237,190$1,315,179
15$2,491,690$878,946$246,677$1,366,067
16$2,591,358$915,823$256,544$1,418,991
17$2,695,012$954,175$266,806$1,474,031
18$2,802,813$994,061$277,478$1,531,273
19$2,914,925$1,035,543$288,578$1,590,805
20$3,031,522$1,078,683$300,121$1,652,718
21$3,152,783$1,123,550$312,126$1,717,108
22$3,278,894$1,170,211$324,611$1,784,073
23$3,410,050$1,218,739$337,595$1,853,716
24$3,546,452$1,269,208$351,099$1,926,146
25$3,688,310$1,321,695$365,143$2,001,472
26$3,835,843$1,376,282$379,748$2,079,812
27$3,989,276$1,433,052$394,938$2,161,285
28$4,148,847$1,492,094$410,736$2,246,018
29$4,314,801$1,553,497$427,165$2,334,139
30$4,487,393$1,617,356$444,252$2,425,786
Total$80,700,000$28,569,610$7,989,300$44,141,092

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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.