USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 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 $429,000,000 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:Fri, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,347,302$639,249$3,470,514
2$6,779,919$2,466,758$671,212$3,641,949
3$7,118,915$2,592,186$704,773$3,821,956
4$7,474,861$2,723,886$740,011$4,010,963
5$7,848,603$2,862,171$777,012$4,209,421
6$8,241,034$3,007,370$815,862$4,417,801
7$8,653,086$3,159,829$856,655$4,636,601
8$9,085,740$3,319,912$899,488$4,866,340
9$9,540,027$3,487,998$944,463$5,107,567
10$10,017,028$3,664,488$991,686$5,360,854
11$10,517,880$3,849,803$1,041,270$5,626,806
12$11,043,774$4,044,384$1,093,334$5,906,056
13$11,595,962$4,248,694$1,148,000$6,199,268
14$12,175,760$4,463,219$1,205,400$6,507,141
15$12,784,548$4,688,471$1,265,670$6,830,407
16$13,423,776$4,924,985$1,328,954$7,169,837
17$14,094,964$5,173,325$1,395,401$7,526,238
18$14,799,713$5,434,081$1,465,172$7,900,460
19$15,539,698$5,707,876$1,538,430$8,293,392
20$16,316,683$5,995,361$1,615,352$8,705,971
21$17,132,517$6,297,219$1,696,119$9,139,179
22$17,989,143$6,614,171$1,780,925$9,594,047
23$18,888,601$6,946,970$1,869,971$10,071,659
24$19,833,030$7,296,409$1,963,470$10,573,151
25$20,824,682$7,663,320$2,061,644$11,099,718
26$21,865,916$8,048,577$2,164,726$11,652,614
27$22,959,212$8,453,096$2,272,962$12,233,154
28$24,107,172$8,877,842$2,386,610$12,842,721
29$25,312,531$9,323,824$2,505,941$13,482,766
30$26,578,158$9,792,106$2,631,238$14,154,814
Total$429,000,001$157,475,633$42,471,000$229,053,365

◄ 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.