USA Mega

Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Jul 19, 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 Mega Millions 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 $251,000,000 for a ticket purchased in Oklahoma, 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:

Oklahoma

Drawing Date:Fri, Jul 19, 2024
Jackpot:$251,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,777,910$1,356,015$179,451$2,242,445
2$3,966,806$1,425,906$188,423$2,352,477
3$4,165,146$1,499,292$197,844$2,468,010
4$4,373,403$1,576,347$207,737$2,589,320
5$4,592,073$1,657,255$218,123$2,716,695
6$4,821,677$1,742,208$229,030$2,850,439
7$5,062,761$1,831,409$240,481$2,990,871
8$5,315,899$1,925,070$252,505$3,138,323
9$5,581,694$2,023,415$265,130$3,293,149
10$5,860,779$2,126,676$278,387$3,455,716
11$6,153,818$2,235,100$292,306$3,626,411
12$6,461,509$2,348,946$306,922$3,805,641
13$6,784,584$2,468,484$322,268$3,993,832
14$7,123,813$2,593,999$338,381$4,191,433
15$7,480,004$2,725,789$355,300$4,398,914
16$7,854,004$2,864,169$373,065$4,616,770
17$8,246,704$3,009,468$391,718$4,845,517
18$8,659,039$3,162,032$411,304$5,085,703
19$9,091,991$3,322,225$431,870$5,337,897
20$9,546,591$3,490,426$453,463$5,602,701
21$10,023,920$3,667,038$476,136$5,880,746
22$10,525,116$3,852,481$499,943$6,172,693
23$11,051,372$4,047,196$524,940$6,479,237
24$11,603,941$4,251,646$551,187$6,801,108
25$12,184,138$4,466,319$578,747$7,139,073
26$12,793,345$4,691,725$607,684$7,493,936
27$13,433,012$4,928,402$638,068$7,866,542
28$14,104,663$5,176,913$669,971$8,257,778
29$14,809,896$5,437,849$703,470$8,668,577
30$15,550,391$5,711,832$738,644$9,099,915
Total$251,000,001$91,615,632$11,922,498$147,461,869

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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.