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Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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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 $259,000,000 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, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,400,567$185,170$2,312,585
2$4,093,238$1,472,686$194,429$2,426,123
3$4,297,900$1,548,411$204,150$2,545,339
4$4,512,795$1,627,922$214,358$2,670,515
5$4,738,434$1,711,408$225,076$2,801,950
6$4,975,356$1,799,069$236,329$2,939,957
7$5,224,124$1,891,114$248,146$3,084,864
8$5,485,330$1,987,760$260,553$3,237,017
9$5,759,597$2,089,239$273,581$3,396,777
10$6,047,576$2,195,791$287,260$3,564,526
11$6,349,955$2,307,671$301,623$3,740,661
12$6,667,453$2,425,145$316,704$3,925,604
13$7,000,826$2,548,493$332,539$4,119,793
14$7,350,867$2,678,009$349,166$4,323,692
15$7,718,410$2,814,000$366,624$4,537,786
16$8,104,331$2,956,790$384,956$4,762,585
17$8,509,547$3,106,720$404,203$4,998,624
18$8,935,025$3,264,147$424,414$5,246,464
19$9,381,776$3,429,445$445,634$5,506,697
20$9,850,865$3,603,008$467,916$5,779,941
21$10,343,408$3,785,249$491,312$6,066,847
22$10,860,578$3,976,602$515,877$6,368,099
23$11,403,607$4,177,522$541,671$6,684,414
24$11,973,788$4,388,489$568,755$7,016,544
25$12,572,477$4,610,004$597,193$7,365,280
26$13,201,101$4,842,595$627,052$7,731,454
27$13,861,156$5,086,815$658,405$8,115,936
28$14,554,214$5,343,247$691,325$8,519,642
29$15,281,924$5,612,500$725,891$8,943,533
30$16,046,021$5,895,215$762,186$9,388,619
Total$259,000,001$94,575,633$12,302,498$152,121,868

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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.