USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2022 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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$942,632$5,092,982
2$9,997,615$3,662,072$989,764$5,345,778
3$10,497,495$3,847,028$1,039,252$5,611,215
4$11,022,371$4,041,232$1,091,215$5,889,924
5$11,573,488$4,245,146$1,145,775$6,182,567
6$12,152,163$4,459,255$1,203,064$6,489,844
7$12,759,772$4,684,071$1,263,217$6,812,484
8$13,397,760$4,920,126$1,326,378$7,151,256
9$14,067,648$5,167,985$1,392,697$7,506,966
10$14,771,030$5,428,236$1,462,332$7,880,462
11$15,509,582$5,701,500$1,535,449$8,272,633
12$16,285,061$5,988,428$1,612,221$8,684,412
13$17,099,314$6,289,701$1,692,832$9,116,781
14$17,954,280$6,606,039$1,777,474$9,570,768
15$18,851,994$6,938,193$1,866,347$10,047,454
16$19,794,594$7,286,955$1,959,665$10,547,974
17$20,784,323$7,653,154$2,057,648$11,073,520
18$21,823,539$8,037,664$2,160,530$11,625,344
19$22,914,716$8,441,400$2,268,557$12,204,759
20$24,060,452$8,865,322$2,381,985$12,813,145
21$25,263,474$9,310,441$2,501,084$13,451,950
22$26,526,648$9,777,815$2,626,138$14,122,695
23$27,852,981$10,268,558$2,757,445$14,826,978
24$29,245,629$10,783,838$2,895,317$15,566,474
25$30,707,911$11,324,882$3,040,083$16,342,946
26$32,243,307$11,892,979$3,192,087$17,158,241
27$33,855,472$12,489,480$3,351,692$18,014,301
28$35,548,245$13,115,806$3,519,276$18,913,163
29$37,325,658$13,773,448$3,695,240$19,856,969
30$39,191,941$14,463,973$3,880,002$20,847,966
Total$632,600,001$232,950,651$62,627,398$337,021,951

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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.