USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Feb 10, 2023

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The tax information provided here is based on 2022 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 $50,000,000 for a ticket purchased in Oregon, 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 prize money, as well as deductions claimed.

State:

Oregon

Drawing Date:Fri, Feb 10, 2023
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$241,407$74,505$436,661
2$790,200$255,329$78,230$456,641
3$829,710$269,948$82,141$477,621
4$871,196$285,297$86,248$499,650
5$914,756$301,415$90,561$522,780
6$960,493$318,338$95,089$547,067
7$1,008,518$336,107$99,843$572,568
8$1,058,944$354,764$104,835$599,344
9$1,111,891$374,355$110,077$627,459
10$1,167,486$394,925$115,581$656,980
11$1,225,860$416,523$121,360$687,977
12$1,287,153$439,202$127,428$720,523
13$1,351,511$463,014$133,800$754,697
14$1,419,086$488,017$140,490$790,580
15$1,490,041$514,270$147,514$828,257
16$1,564,543$541,836$154,890$867,817
17$1,642,770$570,780$162,634$909,356
18$1,724,908$601,171$170,766$952,971
19$1,811,154$633,082$179,304$998,768
20$1,901,711$666,588$188,269$1,046,854
21$1,996,797$701,770$197,683$1,097,344
22$2,096,637$738,711$207,567$1,150,359
23$2,201,469$777,498$217,945$1,206,025
24$2,311,542$818,226$228,843$1,264,474
25$2,427,119$860,989$240,285$1,325,845
26$2,548,475$905,891$252,299$1,390,285
27$2,675,899$953,038$264,914$1,457,947
28$2,809,694$1,002,542$278,160$1,528,992
29$2,950,178$1,054,521$292,068$1,603,590
30$3,097,687$1,109,099$306,671$1,681,917
Total$50,000,000$17,388,653$4,950,000$27,661,349

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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.