USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $25,000,000 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, Nov 26, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$44,129$275,235
2$463,583$132,629$45,895$285,059
3$482,126$139,119$47,730$295,277
4$501,411$145,869$49,640$305,903
5$521,467$152,888$51,625$316,954
6$542,326$160,189$53,690$328,447
7$564,019$167,781$55,838$340,400
8$586,580$175,678$58,071$352,831
9$610,043$183,904$60,394$365,745
10$634,445$192,932$62,810$378,702
11$659,823$202,322$65,322$392,178
12$686,215$212,087$67,935$406,193
13$713,664$222,243$70,653$420,768
14$742,211$232,806$73,479$435,926
15$771,899$243,790$76,418$451,691
16$802,775$255,215$79,475$468,086
17$834,886$267,096$82,654$485,137
18$868,281$279,452$85,960$502,870
19$903,013$292,302$89,398$521,312
20$939,133$305,667$92,974$540,492
21$976,699$319,566$96,693$560,439
22$1,015,767$334,021$100,561$581,184
23$1,056,397$349,055$104,583$602,759
24$1,098,653$364,689$108,767$625,197
25$1,142,599$380,949$113,117$648,532
26$1,188,303$397,860$117,642$672,801
27$1,235,835$415,447$122,348$698,041
28$1,285,269$433,737$127,242$724,290
29$1,336,679$452,759$132,331$751,589
30$1,390,147$472,542$137,625$779,980
Total$25,000,000$8,010,982$2,474,999$14,514,018

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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.