Jackpot Analysis Oregon Powerball

Jackpot Analysis for Oregon Powerball
The jackpot for the Powerball draw on Sat Nov 16, 2024, is projected to be $130 Million, with an option for a cash payout of $61.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Oregon residents, the state will deduct 8% from your lottery earnings.

Oregon Powerball Jackpot/Cash Option for Sat Nov 16, 2024
Draw DateSat Nov 16, 2024
Projected Jackpot$130,000,000
Cash Value$61,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$61,400,000
Federal Tax(24%)$14,736,000
Additional Federal Tax$7,942,330
State Tax(8%)$4,912,000
Net Lumpsum Payment$33,809,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,956,630 $684,283
$156,530
$1,115,817
2 $2,054,520 $720,503
$164,362
$1,169,655
3 $2,157,220 $758,502
$172,578
$1,226,140
4 $2,265,120 $798,425
$181,210
$1,285,485
5 $2,378,350 $840,320
$190,268
$1,347,762
6 $2,497,300 $884,331
$199,784
$1,413,185
7 $2,622,100 $930,507
$209,768
$1,481,825
8 $2,753,270 $979,040
$220,262
$1,553,968
9 $2,890,940 $1,029,978
$231,275
$1,629,687
10 $3,035,500 $1,083,465
$242,840
$1,709,195
11 $3,187,210 $1,139,598
$254,977
$1,792,635
12 $3,346,590 $1,198,569
$267,727
$1,880,294
13 $3,513,900 $1,260,473
$281,112
$1,972,315
14 $3,689,660 $1,325,505
$295,173
$2,068,982
15 $3,874,130 $1,393,758
$309,930
$2,170,442
16 $4,067,830 $1,465,427
$325,426
$2,276,977
17 $4,271,150 $1,540,656
$341,692
$2,388,802
18 $4,484,740 $1,619,684
$358,779
$2,506,277
19 $4,708,990 $1,702,657
$376,719
$2,629,614
20 $4,944,420 $1,789,766
$395,554
$2,759,100
21 $5,191,680 $1,881,252
$415,334
$2,895,094
22 $5,451,290 $1,977,308
$436,103
$3,037,879
23 $5,723,770 $2,078,125
$457,902
$3,187,743
24 $6,010,030 $2,184,041
$480,802
$3,345,187
25 $6,310,460 $2,295,201
$504,837
$3,510,422
26 $6,626,100 $2,411,987
$530,088
$3,684,025
27 $6,957,340 $2,534,546
$556,587
$3,866,207
28 $7,305,220 $2,663,262
$584,418
$4,057,540
29 $7,670,520 $2,798,423
$613,642
$4,258,455
30 $8,054,020 $2,940,318
$644,322
$4,469,380