USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Feb 13, 2013

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The tax information provided here is based on 2026 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 $50,000,000 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:Wed, Feb 13, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$285,814$88,259$517,432
2$927,165$299,008$91,789$536,367
3$964,252$312,730$95,461$556,060
4$1,002,822$327,001$99,279$576,541
5$1,042,935$341,843$103,251$597,841
6$1,084,652$357,279$107,381$619,993
7$1,128,038$373,331$111,676$643,031
8$1,173,160$390,026$116,143$666,991
9$1,220,086$407,389$120,789$691,908
10$1,268,890$425,446$125,620$717,823
11$1,319,645$444,226$130,645$744,774
12$1,372,431$463,757$135,871$772,804
13$1,427,328$484,069$141,305$801,954
14$1,484,421$505,193$146,958$832,270
15$1,543,798$527,163$152,836$863,800
16$1,605,550$550,011$158,949$896,590
17$1,669,772$573,773$165,307$930,692
18$1,736,563$598,486$171,920$966,158
19$1,806,025$624,187$178,797$1,003,042
20$1,878,266$650,916$185,948$1,041,402
21$1,953,397$678,714$193,386$1,081,297
22$2,031,533$707,624$201,122$1,122,787
23$2,112,794$737,691$209,167$1,165,937
24$2,197,306$768,961$217,533$1,210,812
25$2,285,198$801,481$226,235$1,257,483
26$2,376,606$835,302$235,284$1,306,021
27$2,471,671$870,475$244,695$1,356,500
28$2,570,537$907,056$254,483$1,408,998
29$2,673,359$945,100$264,663$1,463,596
30$2,780,293$984,666$275,249$1,520,378
Total$50,000,000$17,178,718$4,950,001$27,871,282

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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.