USA Mega

Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Apr 12, 2002

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 $220,000,000 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, Apr 12, 2002
Jackpot:$220,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,311,316$1,183,375$157,287$1,970,654
2$3,476,882$1,244,634$165,152$2,067,096
3$3,650,726$1,308,956$173,409$2,168,360
4$3,833,262$1,376,495$182,080$2,274,687
5$4,024,925$1,447,410$191,184$2,386,331
6$4,226,171$1,521,871$200,743$2,503,557
7$4,437,480$1,600,055$210,780$2,626,644
8$4,659,354$1,682,149$221,319$2,755,886
9$4,892,322$1,768,347$232,385$2,891,590
10$5,136,938$1,858,855$244,005$3,034,078
11$5,393,784$1,953,888$256,205$3,183,692
12$5,663,474$2,053,673$269,015$3,340,786
13$5,946,647$2,158,447$282,466$3,505,734
14$6,243,980$2,268,460$296,589$3,678,930
15$6,556,179$2,383,974$311,418$3,860,786
16$6,883,988$2,505,263$326,989$4,051,735
17$7,228,187$2,632,617$343,339$4,252,231
18$7,589,596$2,766,338$360,506$4,462,752
19$7,969,076$2,906,746$378,531$4,683,799
20$8,367,530$3,054,174$397,458$4,915,898
21$8,785,906$3,208,973$417,331$5,159,603
22$9,225,202$3,371,512$438,197$5,415,492
23$9,686,462$3,542,179$460,107$5,684,176
24$10,170,785$3,721,378$483,112$5,966,294
25$10,679,324$3,909,538$507,268$6,262,519
26$11,213,290$4,107,105$532,631$6,573,554
27$11,773,955$4,314,551$559,263$6,900,141
28$12,362,653$4,532,369$587,226$7,243,057
29$12,980,785$4,761,078$616,587$7,603,120
30$13,629,825$5,001,223$647,417$7,981,185
Total$220,000,000$80,145,633$10,449,999$129,404,367

◄ 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.