USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Nov 14, 2022

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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 $62,900,000 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:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$93,727$544,529
2$994,072$325,994$98,413$569,665
3$1,043,776$344,385$103,334$596,057
4$1,095,964$363,695$108,500$623,769
5$1,150,763$383,970$113,925$652,867
6$1,208,301$405,259$119,622$683,420
7$1,268,716$427,613$125,603$715,500
8$1,332,152$451,084$131,883$749,185
9$1,398,759$475,729$138,477$784,553
10$1,468,697$501,606$145,401$821,690
11$1,542,132$528,777$152,671$860,684
12$1,619,239$557,306$160,305$901,628
13$1,700,201$587,262$168,320$944,619
14$1,785,211$618,716$176,736$989,759
15$1,874,471$651,742$185,573$1,037,156
16$1,968,195$686,420$194,851$1,086,924
17$2,066,604$722,831$204,594$1,139,179
18$2,169,935$761,064$214,824$1,194,048
19$2,278,431$801,207$225,565$1,251,659
20$2,392,353$843,358$236,843$1,312,152
21$2,511,971$887,617$248,685$1,375,669
22$2,637,569$934,088$261,119$1,442,361
23$2,769,447$982,883$274,175$1,512,389
24$2,907,920$1,034,118$287,884$1,585,918
25$3,053,316$1,087,915$302,278$1,663,123
26$3,205,982$1,144,401$317,392$1,744,189
27$3,366,281$1,203,712$333,262$1,829,307
28$3,534,595$1,265,988$349,925$1,918,682
29$3,711,324$1,331,378$367,421$2,012,526
30$3,896,891$1,400,037$385,792$2,111,061
Total$62,900,000$22,018,635$6,227,100$34,654,268

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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.