USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$354,642$1,939,215
2$3,761,354$1,354,656$372,374$2,034,324
3$3,949,421$1,424,241$390,993$2,134,188
4$4,146,892$1,497,305$410,542$2,239,045
5$4,354,237$1,574,023$431,069$2,349,145
6$4,571,949$1,654,576$452,623$2,464,750
7$4,800,546$1,739,157$475,254$2,586,135
8$5,040,574$1,827,967$499,017$2,713,590
9$5,292,602$1,921,218$523,968$2,847,417
10$5,557,232$2,019,131$550,166$2,987,935
11$5,835,094$2,121,940$577,674$3,135,480
12$6,126,849$2,229,889$606,558$3,290,402
13$6,433,191$2,343,236$636,886$3,453,070
14$6,754,851$2,462,250$668,730$3,623,871
15$7,092,593$2,587,215$702,167$3,803,212
16$7,447,223$2,718,428$737,275$3,991,520
17$7,819,584$2,856,201$774,139$4,189,244
18$8,210,563$3,000,863$812,846$4,396,854
19$8,621,091$3,152,759$853,488$4,614,845
20$9,052,146$3,312,249$896,162$4,843,735
21$9,504,753$3,479,714$940,971$5,084,069
22$9,979,991$3,655,552$988,019$5,336,420
23$10,478,991$3,840,181$1,037,420$5,601,389
24$11,002,940$4,034,043$1,089,291$5,879,606
25$11,553,087$4,237,597$1,143,756$6,171,734
26$12,130,741$4,451,329$1,200,943$6,478,469
27$12,737,279$4,675,748$1,260,991$6,800,540
28$13,374,142$4,911,388$1,324,040$7,138,715
29$14,042,849$5,158,809$1,390,242$7,493,798
30$14,744,992$5,418,602$1,459,754$7,866,636
Total$238,000,000$86,948,651$23,562,000$127,489,353

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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.