USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 29, 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 $35,500,000 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, Sep 29, 2010
Jackpot:$35,500,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$632,969$190,308$62,664$379,996
2$658,287$199,524$65,170$393,593
3$684,619$209,266$67,777$407,575
4$712,004$219,399$70,488$422,117
5$740,484$229,936$73,308$437,240
6$770,103$240,895$76,240$452,967
7$800,907$252,293$79,290$469,324
8$832,943$264,146$82,461$486,336
9$866,261$276,474$85,760$504,027
10$900,912$289,295$89,190$522,427
11$936,948$302,628$92,758$541,562
12$974,426$316,495$96,468$561,463
13$1,013,403$330,916$100,327$582,160
14$1,053,939$345,915$104,340$603,684
15$1,096,097$361,513$108,514$626,070
16$1,139,941$377,735$112,854$649,351
17$1,185,538$394,606$117,368$673,564
18$1,232,960$412,152$122,063$698,744
19$1,282,278$430,400$126,946$724,932
20$1,333,569$449,378$132,023$752,168
21$1,386,912$469,115$137,304$780,493
22$1,442,388$489,641$142,796$809,951
23$1,500,084$510,988$148,508$840,587
24$1,560,087$533,190$154,449$872,449
25$1,622,491$556,279$160,627$905,585
26$1,687,390$580,292$167,052$940,047
27$1,754,886$605,265$173,734$975,887
28$1,825,082$631,237$180,683$1,013,161
29$1,898,085$658,249$187,910$1,051,926
30$1,974,008$686,340$195,427$1,092,241
Total$35,500,000$11,813,870$3,514,499$20,171,627

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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.