USA Mega

Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 2022

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

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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,346,135$306,711$3,804,220
2$6,779,919$2,465,590$322,046$3,992,283
3$7,118,915$2,591,019$338,148$4,189,748
4$7,474,861$2,722,719$355,056$4,397,086
5$7,848,603$2,861,004$372,809$4,614,791
6$8,241,034$3,006,203$391,449$4,843,382
7$8,653,086$3,158,662$411,022$5,083,402
8$9,085,740$3,318,744$431,573$5,335,423
9$9,540,027$3,486,830$453,151$5,600,045
10$10,017,028$3,663,321$475,809$5,877,899
11$10,517,880$3,848,636$499,599$6,169,645
12$11,043,774$4,043,216$524,579$6,475,978
13$11,595,962$4,247,526$550,808$6,797,628
14$12,175,760$4,462,052$578,349$7,135,360
15$12,784,548$4,687,303$607,266$7,489,979
16$13,423,776$4,923,817$637,629$7,862,329
17$14,094,964$5,172,157$669,511$8,253,297
18$14,799,713$5,432,914$702,986$8,663,812
19$15,539,698$5,706,709$738,136$9,094,854
20$16,316,683$5,994,193$775,042$9,547,448
21$17,132,517$6,296,052$813,795$10,022,671
22$17,989,143$6,613,003$854,484$10,521,656
23$18,888,601$6,945,802$897,209$11,045,590
24$19,833,030$7,295,241$942,069$11,595,720
25$20,824,682$7,662,153$989,172$12,173,357
26$21,865,916$8,047,409$1,038,631$12,779,876
27$22,959,212$8,451,929$1,090,563$13,416,721
28$24,107,172$8,876,674$1,145,091$14,085,408
29$25,312,531$9,322,657$1,202,345$14,787,529
30$26,578,158$9,790,939$1,262,462$15,524,757
Total$429,000,001$157,440,609$20,377,500$251,181,894

◄ 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.