USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Oct 25, 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 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 $45,000,000 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 money, as well as deductions claimed.

State:

Oregon

Drawing Date:Tue, Oct 25, 2022
Jackpot:$45,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$677,315$208,794$67,054$401,466
2$711,180$221,324$70,407$419,449
3$746,739$234,481$73,927$438,331
4$784,076$248,296$77,624$458,157
5$823,280$262,801$81,505$478,974
6$864,444$278,032$85,580$500,832
7$907,666$294,024$89,859$523,783
8$953,050$310,816$94,352$547,882
9$1,000,702$328,448$99,070$573,185
10$1,050,737$346,961$104,023$599,754
11$1,103,274$366,399$109,224$627,651
12$1,158,438$386,810$114,685$656,943
13$1,216,360$408,241$120,420$687,699
14$1,277,178$430,743$126,441$719,994
15$1,341,037$454,371$132,763$753,903
16$1,408,088$479,180$139,401$789,507
17$1,478,493$505,230$146,371$826,892
18$1,552,417$532,582$153,689$866,146
19$1,630,038$561,302$161,374$907,363
20$1,711,540$591,458$169,442$950,640
21$1,797,117$623,121$177,915$996,081
22$1,886,973$656,368$186,810$1,043,795
23$1,981,322$691,277$196,151$1,093,894
24$2,080,388$727,931$205,958$1,146,498
25$2,184,407$766,418$216,256$1,201,732
26$2,293,628$806,830$227,069$1,259,729
27$2,408,309$849,262$238,423$1,320,624
28$2,528,724$893,816$250,344$1,384,565
29$2,655,161$940,597$262,861$1,451,703
30$2,787,919$989,718$276,004$1,522,197
Total$45,000,000$15,395,631$4,455,002$25,149,369

◄ 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.