USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 6, 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 $91,500,000 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, Sep 6, 2008
Jackpot:$91,500,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,631,454$559,595$161,514$910,345
2$1,696,712$583,741$167,975$944,997
3$1,764,581$608,852$174,693$981,035
4$1,835,164$634,968$181,681$1,018,515
5$1,908,571$662,128$188,948$1,057,494
6$1,984,913$690,375$196,506$1,098,032
7$2,064,310$719,752$204,367$1,140,191
8$2,146,882$750,304$212,541$1,184,037
9$2,232,758$782,078$221,043$1,229,637
10$2,322,068$815,122$229,885$1,277,061
11$2,414,951$849,489$239,080$1,326,381
12$2,511,549$885,230$248,643$1,377,675
13$2,612,011$922,401$258,589$1,431,020
14$2,716,491$961,059$268,933$1,486,499
15$2,825,151$1,001,263$279,690$1,544,198
16$2,938,157$1,043,075$290,878$1,604,204
17$3,055,683$1,086,560$302,513$1,666,610
18$3,177,910$1,131,784$314,613$1,731,513
19$3,305,027$1,178,817$327,198$1,799,012
20$3,437,228$1,227,731$340,286$1,869,211
21$3,574,717$1,278,602$353,897$1,942,217
22$3,717,705$1,331,508$368,053$2,018,144
23$3,866,414$1,386,530$382,775$2,097,108
24$4,021,070$1,443,753$398,086$2,179,231
25$4,181,913$1,503,265$414,009$2,264,639
26$4,349,190$1,565,157$430,570$2,353,462
27$4,523,157$1,629,525$447,793$2,445,839
28$4,704,083$1,696,468$465,704$2,541,911
29$4,892,247$1,766,089$484,332$2,641,826
30$5,087,937$1,838,494$503,706$2,745,737
Total$91,500,000$32,533,715$9,058,501$49,907,781

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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.