USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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The tax information provided here is based on 2025 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 $60,000,000 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, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$105,911$611,047
2$1,112,598$368,682$110,147$633,769
3$1,157,102$385,148$114,553$657,401
4$1,203,386$402,273$119,135$681,978
5$1,251,522$420,083$123,901$707,538
6$1,301,583$438,606$128,857$734,120
7$1,353,646$457,869$134,011$761,766
8$1,407,792$477,903$139,371$790,517
9$1,464,103$498,738$144,946$820,419
10$1,522,667$520,407$150,744$851,516
11$1,583,574$542,943$156,774$883,858
12$1,646,917$566,380$163,045$917,493
13$1,712,794$590,754$169,567$952,473
14$1,781,306$616,103$176,349$988,853
15$1,852,558$642,467$183,403$1,026,688
16$1,926,660$669,884$190,739$1,066,036
17$2,003,726$698,399$198,369$1,106,959
18$2,083,876$728,054$206,304$1,149,518
19$2,167,231$758,896$214,556$1,193,779
20$2,253,920$790,971$223,138$1,239,811
21$2,344,077$824,329$232,064$1,287,684
22$2,437,840$859,021$241,346$1,337,473
23$2,535,353$895,101$251,000$1,389,252
24$2,636,767$932,624$261,040$1,443,103
25$2,742,238$971,648$271,482$1,499,108
26$2,851,928$1,012,233$282,341$1,557,353
27$2,966,005$1,054,442$293,634$1,617,928
28$3,084,645$1,098,339$305,380$1,680,926
29$3,208,031$1,143,992$317,595$1,746,444
30$3,336,352$1,191,470$330,299$1,814,583
Total$60,000,000$20,910,607$5,940,001$33,149,393

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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.