USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 24, 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 $30,000,000 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, Sep 24, 2011
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,903$157,591$52,955$324,357
2$556,299$165,079$55,074$336,146
3$578,551$172,868$57,277$348,407
4$601,693$180,967$59,568$361,158
5$625,761$189,719$61,950$374,091
6$650,791$198,981$64,428$387,382
7$676,823$208,612$67,005$401,205
8$703,896$218,629$69,686$415,581
9$732,052$229,047$72,473$430,532
10$761,334$239,881$75,372$446,080
11$791,787$251,149$78,387$462,251
12$823,459$262,867$81,522$479,069
13$856,397$275,055$84,783$496,559
14$890,653$287,729$88,175$514,749
15$926,279$300,911$91,702$533,666
16$963,330$314,620$95,370$553,340
17$1,001,863$328,877$99,184$573,802
18$1,041,938$343,705$103,152$595,081
19$1,083,615$359,125$107,278$617,212
20$1,126,960$375,163$111,569$640,228
21$1,172,038$391,842$116,032$664,165
22$1,218,920$409,188$120,673$689,059
23$1,267,677$427,228$125,500$714,949
24$1,318,384$445,990$130,520$741,874
25$1,371,119$465,502$135,741$769,876
26$1,425,964$485,794$141,170$798,999
27$1,483,002$506,899$146,817$829,286
28$1,542,322$528,847$152,690$860,785
29$1,604,015$551,673$158,798$893,544
30$1,668,176$575,413$165,149$927,614
Total$30,000,000$9,848,951$2,970,000$17,181,047

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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.