USA Mega

Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Jun 30, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $15,000,000 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:Tue, Jun 30, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,933$10,724$165,114
2$237,060$53,546$11,260$172,254
3$248,913$57,494$11,823$179,595
4$261,359$61,850$12,415$187,094
5$274,427$66,424$13,035$194,967
6$288,148$71,227$13,687$203,234
7$302,555$76,269$14,371$211,915
8$317,683$81,564$15,090$221,029
9$333,567$87,123$15,844$230,600
10$350,246$92,961$16,637$240,648
11$367,758$99,090$17,469$251,199
12$386,146$105,526$18,342$262,278
13$405,453$112,283$19,259$273,911
14$425,726$119,379$20,222$286,125
15$447,012$126,829$21,233$298,950
16$469,363$134,652$22,295$312,416
17$492,831$142,866$23,409$326,556
18$517,472$151,490$24,580$341,402
19$543,346$160,546$25,809$356,991
20$570,513$170,054$27,099$373,360
21$599,039$180,038$28,454$390,546
22$628,991$190,914$29,877$408,200
23$660,441$202,551$31,371$426,519
24$693,463$214,769$32,939$445,754
25$728,136$227,598$34,586$465,951
26$764,543$241,068$36,316$487,158
27$802,770$255,213$38,132$509,426
28$842,908$270,064$40,038$532,806
29$885,054$285,658$42,040$557,356
30$929,306$302,031$44,142$583,133
Total$15,000,000$4,391,010$712,498$9,896,487

◄ Back to Jackpot Analysis

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.