USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Apr 24, 2023

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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 $28,200,000 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:Mon, Apr 24, 2023
Jackpot:$28,200,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$424,450$118,932$42,021$263,497
2$445,673$126,360$44,122$275,191
3$467,957$134,160$46,328$287,469
4$491,354$142,349$48,644$300,362
5$515,922$150,948$51,076$313,898
6$541,718$159,976$53,630$328,112
7$568,804$169,456$56,312$343,036
8$597,244$179,410$59,127$358,707
9$627,107$190,217$62,084$374,806
10$658,462$201,819$65,188$391,456
11$691,385$214,000$68,447$408,938
12$725,954$226,791$71,869$427,294
13$762,252$240,221$75,463$446,568
14$800,365$254,323$79,236$466,806
15$840,383$269,129$83,198$488,056
16$882,402$284,677$87,358$510,368
17$926,522$301,001$91,726$533,796
18$972,848$318,142$96,312$558,395
19$1,021,491$336,139$101,128$584,224
20$1,072,565$355,037$106,184$611,344
21$1,126,193$374,879$111,493$639,821
22$1,182,503$395,714$117,068$669,721
23$1,241,628$417,590$122,921$701,117
24$1,303,710$440,560$129,067$734,082
25$1,368,895$464,679$135,521$768,696
26$1,437,340$490,004$142,297$805,040
27$1,509,207$516,594$149,411$843,201
28$1,584,667$544,515$156,882$883,271
29$1,663,901$573,831$164,726$925,343
30$1,747,096$604,613$172,962$969,520
Total$28,200,000$9,196,066$2,791,801$16,212,135

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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.