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Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 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 $210,000,000 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, Sep 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$150,138$1,882,979
2$3,318,841$1,186,159$157,645$1,975,037
3$3,484,783$1,247,558$165,527$2,071,699
4$3,659,023$1,312,026$173,804$2,173,193
5$3,841,974$1,379,718$182,494$2,279,762
6$4,034,072$1,450,795$191,618$2,391,659
7$4,235,776$1,525,425$201,199$2,509,152
8$4,447,565$1,603,787$211,259$2,632,519
9$4,669,943$1,686,067$221,822$2,762,054
10$4,903,440$1,772,461$232,913$2,898,066
11$5,148,612$1,863,174$244,559$3,040,879
12$5,406,043$1,958,424$256,787$3,190,832
13$5,676,345$2,058,435$269,626$3,348,283
14$5,960,162$2,163,448$283,108$3,513,607
15$6,258,171$2,273,711$297,263$3,687,197
16$6,571,079$2,389,487$312,126$3,869,466
17$6,899,633$2,511,052$327,733$4,060,848
18$7,244,615$2,638,695$344,119$4,261,800
19$7,606,845$2,772,721$361,325$4,472,800
20$7,987,188$2,913,447$379,391$4,694,349
21$8,386,547$3,061,210$398,361$4,926,976
22$8,805,874$3,216,361$418,279$5,171,234
23$9,246,168$3,379,270$439,193$5,427,705
24$9,708,476$3,550,324$461,153$5,697,000
25$10,193,900$3,729,931$484,210$5,979,759
26$10,703,595$3,918,518$508,421$6,276,657
27$11,238,775$4,116,535$533,842$6,588,399
28$11,800,714$4,324,452$560,534$6,915,728
29$12,390,749$4,542,765$588,561$7,259,424
30$13,010,287$4,771,994$617,989$7,620,304
Total$210,000,000$76,445,634$9,974,999$123,579,367

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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.