USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jan 10, 2009

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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 $129,700,000 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:Sat, Jan 10, 2009
Jackpot:$129,700,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,312,564$811,606$228,944$1,272,014
2$2,405,066$845,832$238,102$1,321,133
3$2,501,269$881,427$247,626$1,372,217
4$2,601,320$918,446$257,531$1,425,344
5$2,705,373$956,945$267,832$1,480,596
6$2,813,588$996,985$278,545$1,538,058
7$2,926,131$1,038,626$289,687$1,597,818
8$3,043,176$1,081,932$301,274$1,659,969
9$3,164,903$1,126,971$313,325$1,724,606
10$3,291,499$1,173,812$325,858$1,791,829
11$3,423,159$1,222,526$338,893$1,861,740
12$3,560,086$1,273,189$352,448$1,934,448
13$3,702,489$1,325,878$366,546$2,010,065
14$3,850,589$1,380,675$381,208$2,088,705
15$4,004,612$1,437,664$396,457$2,170,492
16$4,164,797$1,496,932$412,315$2,255,550
17$4,331,389$1,558,571$428,807$2,344,010
18$4,504,644$1,622,676$445,960$2,436,009
19$4,684,830$1,689,344$463,798$2,531,688
20$4,872,223$1,758,680$482,350$2,631,193
21$5,067,112$1,830,789$501,644$2,734,679
22$5,269,797$1,905,782$521,710$2,842,305
23$5,480,589$1,983,775$542,578$2,954,235
24$5,699,812$2,064,888$564,281$3,070,643
25$5,927,805$2,149,245$586,853$3,191,707
26$6,164,917$2,236,976$610,327$3,317,614
27$6,411,513$2,328,217$634,740$3,448,556
28$6,667,974$2,423,108$660,129$3,584,737
29$6,934,693$2,521,794$686,535$3,726,365
30$7,212,081$2,624,427$713,996$3,873,658
Total$129,700,000$46,667,718$12,840,299$70,191,983

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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.