Oregon Lottery

ORLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 11, 2025 is estimated to be $263 Million, with a cash option of 117.7 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 Jan 11, 2025

Draw Date	Jackpot	Cash Option
Sat Jan 11, 2025	$263,000,000	$117,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$117,700,000
Federal Tax(24%)	$28,248,000
Additional Federal Tax	$15,261,330
State Tax(8%)	$9,416,000
Net Lumpsum Payment	$64,774,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,958,413	-$1,424,943 -$316,673	$2,216,797
2	$4,156,452	-$1,498,218 -$332,516	$2,325,718
3	$4,364,222	-$1,575,093 -$349,138	$2,439,991
4	$4,582,512	-$1,655,860 -$366,601	$2,560,051
5	$4,811,585	-$1,740,617 -$384,927	$2,686,041
6	$5,052,230	-$1,829,655 -$404,178	$2,818,397
7	$5,304,710	-$1,923,073 -$424,377	$2,957,260
8	$5,570,077	-$2,021,259 -$445,606	$3,103,212
9	$5,848,594	-$2,124,310 -$467,888	$3,256,396
10	$6,141,050	-$2,232,519 -$491,284	$3,417,247
11	$6,447,971	-$2,346,080 -$515,838	$3,586,053
12	$6,770,409	-$2,465,382 -$541,633	$3,763,394
13	$7,108,890	-$2,590,620 -$568,711	$3,949,559
14	$7,464,466	-$2,722,183 -$597,157	$4,145,126
15	$7,837,663	-$2,860,266 -$627,013	$4,350,384
16	$8,229,533	-$3,005,258 -$658,363	$4,565,912
17	$8,640,865	-$3,157,450 -$691,269	$4,792,146
18	$9,072,974	-$3,317,331 -$725,838	$5,029,805
19	$9,526,649	-$3,485,191 -$762,132	$5,279,326
20	$10,002,942	-$3,661,419 -$800,235	$5,541,288
21	$10,503,168	-$3,846,503 -$840,253	$5,816,412
22	$11,028,379	-$4,040,831 -$882,270	$6,105,278
23	$11,579,627	-$4,244,792 -$926,370	$6,408,465
24	$12,158,753	-$4,459,069 -$972,700	$6,726,984
25	$12,766,546	-$4,683,952 -$1,021,324	$7,061,270
26	$13,405,110	-$4,920,221 -$1,072,409	$7,412,480
27	$14,075,234	-$5,168,167 -$1,126,019	$7,781,048
28	$14,779,022	-$5,428,569 -$1,182,322	$8,168,131
29	$15,518,052	-$5,702,010 -$1,241,444	$8,574,598
30	$16,293,902	-$5,989,074 -$1,303,512	$9,001,316