USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jul 29, 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 $142,600,000 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, Jul 29, 2024
Jackpot:$142,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,146,335$752,332$212,487$1,181,516
2$2,253,651$792,039$223,111$1,238,501
3$2,366,334$833,731$234,267$1,298,336
4$2,484,651$877,509$245,980$1,361,162
5$2,608,883$923,475$258,279$1,427,129
6$2,739,327$971,739$271,193$1,496,395
7$2,876,294$1,022,416$284,753$1,569,124
8$3,020,108$1,075,628$298,991$1,645,490
9$3,171,114$1,131,500$313,940$1,725,674
10$3,329,670$1,190,165$329,637$1,809,867
11$3,496,153$1,251,764$346,119$1,898,269
12$3,670,961$1,316,443$363,425$1,991,092
13$3,854,509$1,384,356$381,596$2,088,556
14$4,047,234$1,455,664$400,676$2,190,894
15$4,249,596$1,530,538$420,710$2,298,348
16$4,462,076$1,609,156$441,745$2,411,174
17$4,685,179$1,691,704$463,833$2,529,642
18$4,919,438$1,778,380$487,024$2,654,034
19$5,165,410$1,869,390$511,376$2,784,645
20$5,423,681$1,964,950$536,944$2,921,787
21$5,694,865$2,065,288$563,792$3,065,785
22$5,979,608$2,170,643$591,981$3,216,984
23$6,278,588$2,281,265$621,580$3,375,743
24$6,592,518$2,397,419$652,659$3,542,439
25$6,922,144$2,519,381$685,292$3,717,471
26$7,268,251$2,647,441$719,557$3,901,254
27$7,631,664$2,781,903$755,535$4,094,226
28$8,013,247$2,923,089$793,311$4,296,846
29$8,413,909$3,071,334$832,977$4,509,598
30$8,834,604$3,226,991$874,626$4,732,987
Total$142,600,000$51,507,633$14,117,396$76,974,968

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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.