USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jan 14, 2012

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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 $65,900,000 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, Jan 14, 2012
Jackpot:$65,900,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,175,004$392,939$116,325$665,739
2$1,222,004$410,329$120,978$690,696
3$1,270,884$428,415$125,817$716,652
4$1,321,719$447,224$130,850$743,645
5$1,374,588$466,785$136,084$771,718
6$1,429,571$487,129$141,528$800,915
7$1,486,754$508,287$147,189$831,279
8$1,546,224$530,291$153,076$862,857
9$1,608,073$553,175$159,199$895,699
10$1,672,396$576,974$165,567$929,855
11$1,739,292$601,726$172,190$965,376
12$1,808,864$627,467$179,078$1,002,319
13$1,881,219$654,239$186,241$1,040,739
14$1,956,467$682,081$193,690$1,080,696
15$2,034,726$711,036$201,438$1,122,252
16$2,116,115$741,150$209,495$1,165,469
17$2,200,760$772,469$217,875$1,210,416
18$2,288,790$805,040$226,590$1,257,160
19$2,380,342$838,914$235,654$1,305,774
20$2,475,555$874,143$245,080$1,356,332
21$2,574,577$910,781$254,883$1,408,913
22$2,677,561$948,885$265,078$1,463,597
23$2,784,663$988,513$275,682$1,520,468
24$2,896,049$1,029,726$286,709$1,579,615
25$3,011,891$1,072,588$298,177$1,641,127
26$3,132,367$1,117,164$310,104$1,705,099
27$3,257,662$1,163,523$322,509$1,771,631
28$3,387,968$1,211,736$335,409$1,840,823
29$3,523,487$1,261,878$348,825$1,912,784
30$3,664,426$1,314,026$362,778$1,987,623
Total$65,900,000$23,128,633$6,524,098$36,247,268

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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.