USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Nov 19, 2011

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The tax information provided here is based on 2024 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$105,734$608,932
2$1,110,744$369,163$109,964$631,617
3$1,155,174$385,602$114,362$655,209
4$1,201,381$402,699$118,937$679,745
5$1,249,436$420,479$123,694$705,263
6$1,299,413$438,971$128,642$731,801
7$1,351,390$458,202$133,788$759,400
8$1,405,445$478,203$139,139$788,104
9$1,461,663$499,003$144,705$817,955
10$1,520,130$520,636$150,493$849,001
11$1,580,935$543,134$156,513$881,289
12$1,644,172$566,531$162,773$914,868
13$1,709,939$590,865$169,284$949,790
14$1,778,337$616,172$176,055$986,109
15$1,849,470$642,492$183,098$1,023,881
16$1,923,449$669,864$190,421$1,063,164
17$2,000,387$698,331$198,038$1,104,018
18$2,080,402$727,937$205,960$1,146,506
19$2,163,619$758,727$214,198$1,190,694
20$2,250,163$790,748$222,766$1,236,649
21$2,340,170$824,051$231,677$1,284,442
22$2,433,777$858,685$240,944$1,334,148
23$2,531,128$894,705$250,582$1,385,841
24$2,632,373$932,166$260,605$1,439,602
25$2,737,668$971,125$271,029$1,495,514
26$2,847,174$1,011,642$281,870$1,553,662
27$2,961,061$1,053,780$293,145$1,614,136
28$3,079,504$1,097,604$304,871$1,677,029
29$3,202,684$1,143,181$317,066$1,742,437
30$3,330,791$1,190,581$329,748$1,810,462
Total$59,900,000$20,908,635$5,930,101$33,061,268

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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.