USA Mega

Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Apr 26, 2005

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The tax information provided here is based on 2025 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 $10,000,000 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 26, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$28,970$7,149$114,394
2$158,040$30,777$7,507$119,757
3$165,942$32,673$7,882$125,387
4$174,239$34,664$8,276$131,298
5$182,951$36,755$8,690$137,506
6$192,099$38,951$9,125$144,023
7$201,704$41,608$9,581$150,515
8$211,789$44,835$10,060$156,893
9$222,378$48,224$10,563$163,591
10$233,497$51,782$11,091$170,624
11$245,172$55,518$11,646$178,008
12$257,431$59,648$12,228$185,555
13$270,302$64,153$12,839$193,310
14$283,817$68,883$13,481$201,453
15$298,008$73,850$14,155$210,003
16$312,909$79,065$14,863$218,980
17$328,554$84,541$15,606$228,407
18$344,982$90,291$16,387$238,304
19$362,231$96,328$17,206$248,697
20$380,342$102,667$18,066$259,609
21$399,359$109,323$18,970$271,067
22$419,327$116,312$19,918$283,097
23$440,294$123,650$20,914$295,730
24$462,308$131,355$21,960$308,994
25$485,424$139,446$23,058$322,921
26$509,695$147,941$24,211$337,544
27$535,180$156,860$25,421$352,899
28$561,939$166,226$26,692$369,021
29$590,036$176,060$28,027$385,949
30$619,537$186,385$29,428$403,724
Total$10,000,000$2,617,741$475,000$6,907,260

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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.