USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$415,170$2,268,635
2$4,361,385$1,571,900$431,777$2,357,708
3$4,535,840$1,636,449$449,048$2,450,343
4$4,717,274$1,703,579$467,010$2,546,685
5$4,905,965$1,773,395$485,691$2,646,880
6$5,102,203$1,846,003$505,118$2,751,082
7$5,306,292$1,921,516$525,323$2,859,453
8$5,518,543$2,000,049$546,336$2,972,159
9$5,739,285$2,081,723$568,189$3,089,373
10$5,968,856$2,166,665$590,917$3,211,275
11$6,207,611$2,255,004$614,553$3,338,053
12$6,455,915$2,346,876$639,136$3,469,903
13$6,714,152$2,442,424$664,701$3,607,027
14$6,982,718$2,541,793$691,289$3,749,635
15$7,262,026$2,645,138$718,941$3,897,948
16$7,552,507$2,752,616$747,698$4,052,194
17$7,854,608$2,864,393$777,606$4,212,609
18$8,168,792$2,980,641$808,710$4,379,441
19$8,495,544$3,101,539$841,059$4,552,946
20$8,835,366$3,227,273$874,701$4,733,391
21$9,188,780$3,358,036$909,689$4,921,055
22$9,556,331$3,494,030$946,077$5,116,224
23$9,938,585$3,635,464$983,920$5,319,201
24$10,336,128$3,782,555$1,023,277$5,530,296
25$10,749,573$3,935,530$1,064,208$5,749,836
26$11,179,556$4,094,623$1,106,776$5,978,157
27$11,626,738$4,260,081$1,151,047$6,215,610
28$12,091,808$4,432,157$1,197,089$6,462,562
29$12,575,480$4,611,115$1,244,973$6,719,392
30$13,078,499$4,797,233$1,294,771$6,986,495
Total$235,200,000$85,769,634$23,284,800$126,145,568

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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.