USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jun 4, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $20,000,000 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, Jun 4, 2011
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$356,602$95,185$35,304$226,113
2$370,866$100,178$36,716$233,972
3$385,701$105,370$38,184$242,146
4$401,129$110,770$39,712$250,647
5$417,174$116,386$41,300$259,488
6$433,861$122,226$42,952$268,683
7$451,215$128,300$44,670$278,245
8$469,264$134,617$46,457$288,190
9$488,034$141,187$48,315$298,532
10$507,556$148,019$50,248$309,289
11$527,858$155,125$52,258$320,475
12$548,972$162,515$54,348$332,109
13$570,931$170,201$56,522$344,208
14$593,769$178,194$58,783$356,792
15$617,519$186,670$61,134$369,715
16$642,220$195,809$63,580$382,831
17$667,909$205,314$66,123$396,472
18$694,625$215,199$68,768$410,658
19$722,410$225,480$71,519$425,412
20$751,307$236,171$74,379$440,756
21$781,359$247,291$77,355$456,714
22$812,613$258,855$80,449$473,310
23$845,118$270,881$83,667$490,570
24$878,922$283,389$87,013$508,520
25$914,079$296,397$90,494$527,188
26$950,643$309,925$94,114$546,603
27$988,668$323,995$97,878$566,795
28$1,028,215$338,627$101,793$587,794
29$1,069,344$353,845$105,865$609,634
30$1,112,117$369,671$110,100$632,347
Total$20,000,000$6,185,792$1,980,000$11,834,208

◄ Back to Jackpot Analysis

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.