USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 2022

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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 $830,000,000 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, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,580,483$1,236,776$6,675,431
2$13,117,326$4,811,598$1,298,615$7,007,112
3$13,773,192$5,054,269$1,363,546$7,355,377
4$14,461,852$5,309,073$1,431,723$7,721,056
5$15,184,944$5,576,617$1,503,309$8,105,017
6$15,944,191$5,857,539$1,578,475$8,508,178
7$16,741,401$6,152,506$1,657,399$8,931,496
8$17,578,471$6,462,222$1,740,269$9,375,980
9$18,457,395$6,787,424$1,827,282$9,842,689
10$19,380,264$7,128,886$1,918,646$10,332,733
11$20,349,278$7,487,420$2,014,578$10,847,279
12$21,366,741$7,863,882$2,115,307$11,387,552
13$22,435,078$8,259,167$2,221,073$11,954,839
14$23,556,833$8,674,216$2,332,126$12,550,490
15$24,734,674$9,110,017$2,448,733$13,175,924
16$25,971,408$9,567,609$2,571,169$13,832,630
17$27,269,978$10,048,080$2,699,728$14,522,170
18$28,633,477$10,552,574$2,834,714$15,246,189
19$30,065,151$11,082,293$2,976,450$16,006,407
20$31,568,408$11,638,499$3,125,272$16,804,637
21$33,146,829$12,222,514$3,281,536$17,642,778
22$34,804,170$12,835,731$3,445,613$18,522,827
23$36,544,379$13,479,608$3,617,893$19,446,877
24$38,371,597$14,155,679$3,798,788$20,417,130
25$40,290,177$14,865,553$3,988,728$21,435,896
26$42,304,687$15,610,922$4,188,164$22,505,601
27$44,419,921$16,393,558$4,397,572$23,628,790
28$46,640,916$17,215,327$4,617,451$24,808,139
29$48,972,962$18,078,184$4,848,323$26,046,455
30$51,421,611$18,984,184$5,090,739$27,346,688
Total$830,000,002$305,845,634$82,169,997$441,984,367

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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.