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Oregon Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$423,186$2,306,862
2$4,488,338$1,623,640$444,345$2,420,352
3$4,712,755$1,706,674$466,563$2,539,518
4$4,948,393$1,793,860$489,891$2,664,642
5$5,195,812$1,885,405$514,385$2,796,021
6$5,455,603$1,981,528$540,105$2,933,970
7$5,728,383$2,082,457$567,110$3,078,816
8$6,014,802$2,188,432$595,465$3,230,905
9$6,315,542$2,299,706$625,239$3,390,598
10$6,631,319$2,416,543$656,501$3,558,276
11$6,962,885$2,539,223$689,326$3,734,337
12$7,311,030$2,668,036$723,792$3,919,202
13$7,676,581$2,803,290$759,982$4,113,310
14$8,060,410$2,945,307$797,981$4,317,123
15$8,463,431$3,094,424$837,880$4,531,127
16$8,886,602$3,250,998$879,774$4,755,831
17$9,330,932$3,415,400$923,762$4,991,770
18$9,797,479$3,588,022$969,950$5,239,506
19$10,287,353$3,769,276$1,018,448$5,499,629
20$10,801,720$3,959,592$1,069,370$5,772,759
21$11,341,806$4,159,423$1,122,839$6,059,544
22$11,908,897$4,369,247$1,178,981$6,360,669
23$12,504,342$4,589,561$1,237,930$6,676,850
24$13,129,559$4,820,892$1,299,826$7,008,841
25$13,786,036$5,063,789$1,364,818$7,357,430
26$14,475,339$5,318,830$1,433,059$7,723,450
27$15,199,105$5,586,624$1,504,711$8,107,770
28$15,959,061$5,867,807$1,579,947$8,511,306
29$16,757,014$6,163,050$1,658,944$8,935,019
30$17,594,864$6,473,055$1,741,892$9,379,918
Total$284,000,001$103,968,651$28,116,002$151,915,351

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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.