USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

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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 $462,700,000 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, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$689,466$3,739,855
2$7,312,514$2,663,818$723,939$3,924,757
3$7,678,140$2,799,099$760,136$4,118,904
4$8,062,047$2,941,145$798,143$4,322,759
5$8,465,149$3,090,293$838,050$4,536,806
6$8,888,406$3,246,898$879,952$4,761,556
7$9,332,827$3,411,334$923,950$4,997,543
8$9,799,468$3,583,991$970,147$5,245,330
9$10,289,442$3,765,281$1,018,655$5,505,506
10$10,803,914$3,955,636$1,069,587$5,778,690
11$11,344,109$4,155,508$1,123,067$6,065,534
12$11,911,315$4,365,374$1,179,220$6,366,720
13$12,506,880$4,585,734$1,238,181$6,682,966
14$13,132,225$4,817,111$1,300,090$7,015,024
15$13,788,836$5,060,057$1,365,095$7,363,684
16$14,478,278$5,315,150$1,433,349$7,729,778
17$15,202,191$5,582,999$1,505,017$8,114,176
18$15,962,301$5,864,239$1,580,268$8,517,794
19$16,760,416$6,159,542$1,659,281$8,941,593
20$17,598,437$6,469,609$1,742,245$9,386,582
21$18,478,359$6,795,180$1,829,357$9,853,821
22$19,402,276$7,137,030$1,920,825$10,344,421
23$20,372,390$7,495,972$2,016,867$10,859,552
24$21,391,010$7,872,861$2,117,710$11,400,438
25$22,460,560$8,268,595$2,223,595$11,968,370
26$23,583,589$8,684,116$2,334,775$12,564,698
27$24,762,768$9,120,412$2,451,514$13,190,842
28$26,000,906$9,578,523$2,574,090$13,848,293
29$27,300,951$10,059,540$2,702,794$14,538,617
30$28,665,999$10,564,607$2,837,934$15,263,458
Total$462,700,001$169,944,632$45,807,299$246,948,067

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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.