USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Oct 14, 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 $31,400,000 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, Oct 14, 2009
Jackpot:$31,400,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$559,865$164,722$55,427$339,716
2$582,260$172,560$57,644$352,056
3$605,550$180,712$59,949$364,889
4$629,772$189,189$62,347$378,235
5$654,963$198,294$64,841$391,828
6$681,162$207,987$67,435$405,740
7$708,408$218,068$70,132$420,207
8$736,744$228,553$72,938$435,254
9$766,214$239,456$75,855$450,902
10$796,863$250,796$78,889$467,177
11$828,737$262,590$82,045$484,102
12$861,887$274,855$85,327$501,705
13$896,362$287,611$88,740$520,011
14$932,217$300,877$92,289$539,050
15$969,505$314,674$95,981$558,850
16$1,008,285$329,023$99,820$579,442
17$1,048,617$343,945$103,813$600,858
18$1,090,562$359,465$107,966$623,131
19$1,134,184$375,605$112,284$646,294
20$1,179,551$392,391$116,776$670,385
21$1,226,733$409,849$121,447$695,438
22$1,275,803$428,004$126,304$721,494
23$1,326,835$446,886$131,357$748,592
24$1,379,908$466,523$136,611$776,774
25$1,435,105$486,946$142,075$806,083
26$1,492,509$508,185$147,758$836,565
27$1,552,209$530,275$153,669$868,266
28$1,614,297$553,247$159,815$901,235
29$1,678,869$577,139$166,208$935,522
30$1,746,024$601,986$172,856$971,182
Total$31,400,000$10,300,413$3,108,598$17,990,983

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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.