USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Nov 21, 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 $32,800,000 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, Nov 21, 2009
Jackpot:$32,800,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$584,827$173,459$57,898$353,471
2$608,220$181,646$60,214$366,360
3$632,549$190,161$62,622$379,765
4$657,851$199,362$65,127$393,362
5$684,165$209,098$67,732$407,334
6$711,532$219,224$70,442$421,866
7$739,993$229,755$73,259$436,979
8$769,593$240,707$76,190$452,697
9$800,376$252,097$79,237$469,043
10$832,392$263,942$82,407$486,043
11$865,687$276,262$85,703$503,723
12$900,315$289,074$89,131$522,110
13$936,327$302,398$92,696$541,233
14$973,780$316,256$96,404$561,120
15$1,012,732$330,668$100,260$581,803
16$1,053,241$345,656$104,271$603,314
17$1,095,370$361,244$108,442$625,684
18$1,139,185$377,456$112,779$648,950
19$1,184,753$394,316$117,291$673,146
20$1,232,143$411,850$121,982$698,311
21$1,281,429$430,086$126,861$724,481
22$1,332,686$449,051$131,936$751,699
23$1,385,993$468,775$137,213$780,005
24$1,441,433$489,287$142,702$809,444
25$1,499,090$510,621$148,410$840,060
26$1,559,054$532,807$154,346$871,900
27$1,621,416$555,881$160,520$905,015
28$1,686,273$579,878$166,941$939,453
29$1,753,723$604,835$173,619$975,270
30$1,823,872$630,790$180,563$1,012,519
Total$32,800,000$10,816,642$3,247,198$18,736,160

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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.