USA Mega

Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 2023

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

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 $162,000,000 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 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$115,821$1,462,141
2$2,560,249$905,480$121,612$1,533,157
3$2,688,262$952,845$127,692$1,607,725
4$2,822,675$1,002,577$134,077$1,686,020
5$2,963,808$1,054,797$140,781$1,768,231
6$3,111,999$1,109,627$147,820$1,854,552
7$3,267,599$1,167,199$155,211$1,945,189
8$3,430,979$1,227,650$162,971$2,040,357
9$3,602,528$1,291,123$171,120$2,140,285
10$3,782,654$1,357,770$179,676$2,245,208
11$3,971,787$1,427,749$188,660$2,355,378
12$4,170,376$1,501,227$198,093$2,471,056
13$4,378,895$1,578,379$207,998$2,592,518
14$4,597,840$1,659,388$218,397$2,720,054
15$4,827,732$1,744,448$229,317$2,853,966
16$5,069,118$1,833,761$240,783$2,994,574
17$5,322,574$1,927,540$252,822$3,142,212
18$5,588,703$2,026,008$265,463$3,297,232
19$5,868,138$2,129,399$278,737$3,460,003
20$6,161,545$2,237,959$292,673$3,630,912
21$6,469,622$2,351,948$307,307$3,810,367
22$6,793,103$2,471,636$322,672$3,998,795
23$7,132,758$2,597,308$338,806$4,196,644
24$7,489,396$2,729,264$355,746$4,404,385
25$7,863,866$2,867,818$373,534$4,622,514
26$8,257,059$3,013,300$392,210$4,851,549
27$8,669,912$3,166,055$411,821$5,092,036
28$9,103,408$3,326,449$432,412$5,344,547
29$9,558,578$3,494,862$454,032$5,609,684
30$10,036,507$3,671,695$476,734$5,888,078
Total$162,000,000$58,685,632$7,694,998$95,619,369

◄ 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.