USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Aug 21, 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 $79,000,000 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, Aug 21, 2010
Jackpot:$79,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,408,578$477,131$139,449$791,998
2$1,464,921$497,978$145,027$821,916
3$1,523,518$519,659$150,828$853,031
4$1,584,458$542,207$156,861$885,390
5$1,647,837$565,657$163,136$919,044
6$1,713,750$590,045$169,661$954,044
7$1,782,300$615,408$176,448$990,444
8$1,853,592$641,786$183,506$1,028,300
9$1,927,736$669,220$190,846$1,067,671
10$2,004,845$697,750$198,480$1,108,616
11$2,085,039$727,422$206,419$1,151,199
12$2,168,441$758,280$214,676$1,195,485
13$2,255,178$790,373$223,263$1,241,543
14$2,345,386$823,750$232,193$1,289,443
15$2,439,201$858,462$241,481$1,339,259
16$2,536,769$894,562$251,140$1,391,067
17$2,638,240$932,106$261,186$1,444,948
18$2,743,769$971,152$271,633$1,500,984
19$2,853,520$1,011,760$282,499$1,559,262
20$2,967,661$1,053,992$293,798$1,619,871
21$3,086,367$1,097,913$305,550$1,682,904
22$3,209,822$1,143,591$317,772$1,748,458
23$3,338,215$1,191,097$330,483$1,816,635
24$3,471,744$1,240,502$343,703$1,887,539
25$3,610,613$1,291,884$357,451$1,961,278
26$3,755,038$1,345,321$371,749$2,037,968
27$3,905,239$1,400,896$386,619$2,117,725
28$4,061,449$1,458,693$402,083$2,200,672
29$4,223,907$1,518,803$418,167$2,286,937
30$4,392,863$1,581,317$434,893$2,376,653
Total$79,000,000$27,908,717$7,821,000$43,270,284

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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.