Oregon Lottery

ORLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 23, 2024 is estimated to be $171 Million, with a cash option of 78.7 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Oregon, your state will take 8% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Oregon Powerball Jackpot/Cash Option for Sat Nov 23, 2024

Draw Date	Jackpot	Cash Option
Sat Nov 23, 2024	$171,000,000	$78,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$78,700,000
Federal Tax(24%)	$18,888,000
Additional Federal Tax	$10,191,330
State Tax(8%)	$6,296,000
Net Lumpsum Payment	$43,324,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,573,721	-$912,607 -$205,898	$1,455,216
2	$2,702,484	-$960,249 -$216,199	$1,526,036
3	$2,837,574	-$1,010,233 -$227,006	$1,600,335
4	$2,979,504	-$1,062,747 -$238,360	$1,678,397
5	$3,128,445	-$1,117,855 -$250,276	$1,760,314
6	$3,284,910	-$1,175,747 -$262,793	$1,846,370
7	$3,449,070	-$1,236,486 -$275,926	$1,936,658
8	$3,621,609	-$1,300,326 -$289,729	$2,031,554
9	$3,802,698	-$1,367,329 -$304,216	$2,131,153
10	$3,992,850	-$1,437,685 -$319,428	$2,235,737
11	$4,192,407	-$1,511,521 -$335,393	$2,345,493
12	$4,402,053	-$1,589,090 -$352,164	$2,460,799
13	$4,622,130	-$1,670,518 -$369,770	$2,581,842
14	$4,853,322	-$1,756,060 -$388,266	$2,708,996
15	$5,095,971	-$1,845,840 -$407,678	$2,842,453
16	$5,350,761	-$1,940,112 -$428,061	$2,982,588
17	$5,618,205	-$2,039,066 -$449,456	$3,129,683
18	$5,899,158	-$2,143,019 -$471,933	$3,284,206
19	$6,194,133	-$2,252,160 -$495,531	$3,446,442
20	$6,503,814	-$2,366,742 -$520,305	$3,616,767
21	$6,829,056	-$2,487,081 -$546,324	$3,795,651
22	$7,170,543	-$2,613,431 -$573,643	$3,983,469
23	$7,528,959	-$2,746,045 -$602,317	$4,180,597
24	$7,905,501	-$2,885,366 -$632,440	$4,387,695
25	$8,300,682	-$3,031,583 -$664,055	$4,605,044
26	$8,715,870	-$3,185,202 -$697,270	$4,833,398
27	$9,151,578	-$3,346,414 -$732,126	$5,073,038
28	$9,609,174	-$3,515,725 -$768,734	$5,324,715
29	$10,089,684	-$3,693,513 -$807,175	$5,588,996
30	$10,594,134	-$3,880,160 -$847,531	$5,866,443