USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jul 13, 2024

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The tax information provided here is based on 2025 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 $54,800,000 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:Sat, Jul 13, 2024
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$262,203$81,657$480,958
2$866,060$277,462$85,740$502,857
3$909,363$293,484$90,027$525,851
4$954,831$310,308$94,528$549,995
5$1,002,572$327,972$99,255$575,346
6$1,052,701$346,520$104,217$601,964
7$1,105,336$365,995$109,428$629,913
8$1,160,603$386,443$114,900$659,260
9$1,218,633$407,914$120,645$690,074
10$1,279,564$430,459$126,677$722,428
11$1,343,543$454,131$133,011$756,401
12$1,410,720$478,987$139,661$792,072
13$1,481,256$505,085$146,644$829,527
14$1,555,319$532,488$153,977$868,854
15$1,633,084$561,262$161,675$910,148
16$1,714,739$591,474$169,759$953,506
17$1,800,476$623,196$178,247$999,032
18$1,890,499$656,505$187,159$1,046,835
19$1,985,024$691,479$196,517$1,097,028
20$2,084,276$728,202$206,343$1,149,730
21$2,188,489$766,761$216,660$1,205,068
22$2,297,914$807,248$227,493$1,263,172
23$2,412,810$849,760$238,868$1,324,182
24$2,533,450$894,397$250,812$1,388,242
25$2,660,123$941,266$263,352$1,455,505
26$2,793,129$990,478$276,520$1,526,131
27$2,932,785$1,042,151$290,346$1,600,289
28$3,079,424$1,096,407$304,863$1,678,154
29$3,233,396$1,153,377$320,106$1,759,913
30$3,395,065$1,213,194$336,111$1,845,759
Total$54,800,000$18,986,608$5,425,198$30,388,194

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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.