USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jul 24, 2010

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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 $53,900,000 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, Jul 24, 2010
Jackpot:$53,900,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$961,042$311,543$95,143$554,356
2$999,484$325,766$98,949$574,769
3$1,039,463$340,559$102,907$595,998
4$1,081,042$355,943$107,023$618,076
5$1,124,284$371,942$111,304$641,037
6$1,169,255$388,582$115,756$664,917
7$1,216,025$405,887$120,386$689,752
8$1,264,666$423,884$125,202$715,580
9$1,315,253$442,601$130,210$742,442
10$1,367,863$462,067$135,418$770,378
11$1,422,577$482,311$140,835$799,431
12$1,479,481$503,365$146,469$829,647
13$1,538,660$525,261$152,327$861,071
14$1,600,206$548,034$158,420$893,752
15$1,664,214$571,717$164,757$927,741
16$1,730,783$596,347$171,348$963,089
17$1,800,014$621,963$178,201$999,850
18$1,872,015$648,603$185,329$1,038,083
19$1,946,895$676,309$192,743$1,077,844
20$2,024,771$705,123$200,452$1,119,196
21$2,105,762$735,089$208,470$1,162,202
22$2,189,993$766,255$216,809$1,206,929
23$2,277,592$798,666$225,482$1,253,444
24$2,368,696$832,375$234,501$1,301,820
25$2,463,444$867,431$243,881$1,352,131
26$2,561,982$903,890$253,636$1,404,455
27$2,664,461$941,808$263,782$1,458,871
28$2,771,039$981,242$274,333$1,515,465
29$2,881,881$1,022,253$285,306$1,574,321
30$2,997,156$1,064,905$296,718$1,635,533
Total$53,900,000$18,621,721$5,336,097$29,942,180

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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.