USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Apr 17, 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 $80,700,000 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:Wed, Apr 17, 2024
Jackpot:$80,700,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,214,651$407,609$120,250$686,792
2$1,275,383$430,080$126,263$719,041
3$1,339,153$453,674$132,576$752,902
4$1,406,110$478,449$139,205$788,457
5$1,476,416$504,462$146,165$825,789
6$1,550,236$531,775$153,473$864,988
7$1,627,748$560,455$161,147$906,147
8$1,709,136$590,568$169,204$949,363
9$1,794,592$622,187$177,665$994,741
10$1,884,322$655,387$186,548$1,042,387
11$1,978,538$690,247$195,875$1,092,416
12$2,077,465$726,850$205,669$1,144,946
13$2,181,338$765,283$215,952$1,200,103
14$2,290,405$805,638$226,750$1,258,017
15$2,404,926$848,010$238,088$1,318,828
16$2,525,172$892,501$249,992$1,382,678
17$2,651,430$939,217$262,492$1,449,722
18$2,784,002$988,268$275,616$1,520,117
19$2,923,202$1,039,772$289,397$1,594,033
20$3,069,362$1,093,852$303,867$1,671,644
21$3,222,830$1,150,635$319,060$1,753,135
22$3,383,972$1,210,257$335,013$1,838,701
23$3,553,170$1,272,861$351,764$1,928,546
24$3,730,829$1,338,594$369,352$2,022,882
25$3,917,370$1,407,615$387,820$2,121,936
26$4,113,239$1,480,086$407,211$2,225,942
27$4,318,901$1,556,181$427,571$2,335,149
28$4,534,846$1,636,081$448,950$2,449,815
29$4,761,588$1,719,975$471,397$2,570,215
30$4,999,667$1,808,065$494,967$2,696,636
Total$80,700,000$28,604,634$7,989,299$44,106,068

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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.