USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jun 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 $47,200,000 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, Jun 10, 2009
Jackpot:$47,200,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$841,581$267,342$83,316$490,922
2$875,244$279,797$86,649$508,797
3$910,254$292,751$90,115$527,387
4$946,664$306,223$93,720$546,721
5$984,530$320,233$97,469$566,828
6$1,023,912$334,805$101,367$587,740
7$1,064,868$349,958$105,422$609,488
8$1,107,463$365,718$109,639$632,105
9$1,151,761$382,109$114,024$655,628
10$1,197,832$399,155$118,585$680,091
11$1,245,745$416,883$123,329$705,533
12$1,295,575$435,320$128,262$731,993
13$1,347,398$454,494$133,392$759,511
14$1,401,294$474,436$138,728$788,130
15$1,457,345$495,175$144,277$817,893
16$1,515,639$516,744$150,048$848,847
17$1,576,265$539,175$156,050$881,039
18$1,639,315$562,504$162,292$914,519
19$1,704,888$586,766$168,784$949,338
20$1,773,084$611,998$175,535$985,550
21$1,844,007$638,240$182,557$1,023,210
22$1,917,767$665,531$189,859$1,062,377
23$1,994,478$693,914$197,453$1,103,110
24$2,074,257$723,432$205,351$1,145,473
25$2,157,227$754,131$213,565$1,189,530
26$2,243,516$786,058$222,108$1,235,350
27$2,333,257$819,262$230,992$1,283,002
28$2,426,587$853,795$240,232$1,332,561
29$2,523,651$889,708$249,841$1,384,101
30$2,624,597$927,058$259,835$1,437,704
Total$47,200,000$16,142,715$4,672,796$26,384,478

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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.