USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jun 20, 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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$141,214$799,235
2$1,483,464$507,070$146,863$829,532
3$1,542,803$529,025$152,737$861,041
4$1,604,515$551,858$158,847$893,810
5$1,668,696$575,605$165,201$927,890
6$1,735,443$600,302$171,809$963,333
7$1,804,861$625,986$178,681$1,000,193
8$1,877,056$652,698$185,828$1,038,529
9$1,952,138$680,479$193,262$1,078,397
10$2,030,223$709,370$200,992$1,119,861
11$2,111,432$739,418$209,032$1,162,983
12$2,195,889$770,667$217,393$1,207,830
13$2,283,725$803,166$226,089$1,254,470
14$2,375,074$836,965$235,132$1,302,977
15$2,470,077$872,116$244,538$1,353,423
16$2,568,880$908,673$254,319$1,405,888
17$2,671,635$946,693$264,492$1,460,451
18$2,778,501$986,233$275,072$1,517,196
19$2,889,641$1,027,355$286,074$1,576,211
20$3,005,226$1,070,122$297,517$1,637,587
21$3,125,435$1,114,599$309,418$1,701,418
22$3,250,453$1,160,855$321,795$1,767,803
23$3,380,471$1,208,962$334,667$1,836,842
24$3,515,690$1,258,993$348,053$1,908,644
25$3,656,317$1,311,025$361,975$1,983,317
26$3,802,570$1,365,139$376,454$2,060,977
27$3,954,673$1,421,417$391,513$2,141,744
28$4,112,860$1,479,946$407,173$2,225,741
29$4,277,374$1,540,816$423,460$2,313,098
30$4,448,469$1,604,121$440,398$2,403,949
Total$80,000,000$28,345,633$7,919,998$43,734,370

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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.