USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jul 11, 2020

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The tax information provided here is based on 2021 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 $78,300,000 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 prize money, as well as deductions claimed.

State:

Oregon

Drawing Date:Sat, Jul 11, 2020
Jackpot:$78,300,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,178,527$400,127$116,674$661,726
2$1,237,454$421,930$122,508$693,016
3$1,299,326$444,823$128,633$725,870
4$1,364,293$468,861$135,065$760,367
5$1,432,507$494,100$141,818$796,589
6$1,504,133$520,601$148,909$834,622
7$1,579,339$548,428$156,355$874,557
8$1,658,306$577,646$164,172$916,488
9$1,741,222$608,324$172,381$960,516
10$1,828,283$640,537$181,000$1,006,746
11$1,919,697$674,360$190,050$1,055,287
12$2,015,682$709,874$199,552$1,106,255
13$2,116,466$747,165$209,530$1,159,771
14$2,222,289$786,319$220,007$1,215,963
15$2,333,404$827,432$231,007$1,274,965
16$2,450,074$870,600$242,557$1,336,917
17$2,572,577$915,926$254,685$1,401,966
18$2,701,206$963,519$267,419$1,470,268
19$2,836,267$1,013,491$280,790$1,541,985
20$2,978,080$1,065,962$294,830$1,617,288
21$3,126,984$1,121,056$309,571$1,696,356
22$3,283,333$1,178,906$325,050$1,779,378
23$3,447,500$1,239,647$341,302$1,866,550
24$3,619,875$1,303,426$358,368$1,958,081
25$3,800,869$1,370,394$376,286$2,054,189
26$3,990,912$1,440,710$395,100$2,155,102
27$4,190,458$1,514,542$414,855$2,261,061
28$4,399,980$1,592,065$435,598$2,372,317
29$4,619,979$1,673,465$457,378$2,489,137
30$4,850,978$1,758,934$480,247$2,611,797
Total$78,300,000$27,893,170$7,751,697$42,655,130

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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.