USA Mega

Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Apr 9, 2002

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The tax information provided here is based on 2026 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 $155,000,000 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, Apr 9, 2002
Jackpot:$155,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,332,972$819,157$104,984$1,408,832
2$2,449,621$862,317$110,233$1,477,071
3$2,572,102$907,635$115,745$1,548,722
4$2,700,707$955,219$121,532$1,623,957
5$2,835,743$1,005,182$127,608$1,702,952
6$2,977,530$1,057,643$133,989$1,785,898
7$3,126,406$1,112,728$140,688$1,872,990
8$3,282,727$1,170,566$147,723$1,964,438
9$3,446,863$1,231,297$155,109$2,060,458
10$3,619,206$1,295,063$162,864$2,161,278
11$3,800,166$1,362,019$171,007$2,267,140
12$3,990,175$1,432,322$179,558$2,378,295
13$4,189,683$1,506,140$188,536$2,495,007
14$4,399,168$1,583,649$197,963$2,617,556
15$4,619,126$1,665,034$207,861$2,746,231
16$4,850,082$1,750,488$218,254$2,881,341
17$5,092,586$1,840,214$229,166$3,023,206
18$5,347,216$1,934,427$240,625$3,172,164
19$5,614,576$2,033,350$252,656$3,328,570
20$5,895,305$2,137,220$265,289$3,492,796
21$6,190,070$2,246,283$278,553$3,665,234
22$6,499,574$2,360,800$292,481$3,846,293
23$6,824,553$2,481,042$307,105$4,036,406
24$7,165,780$2,607,296$322,460$4,236,024
25$7,524,069$2,739,863$338,583$4,445,623
26$7,900,273$2,879,058$355,512$4,665,702
27$8,295,286$3,025,213$373,288$4,896,785
28$8,710,051$3,178,676$391,952$5,139,422
29$9,145,553$3,339,812$411,550$5,394,191
30$9,602,831$3,509,005$432,127$5,661,699
Total$155,000,000$56,028,718$6,975,001$91,996,281

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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.