USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$1,992,253$10,722,766
2$21,129,957$7,781,039$2,091,866$11,257,052
3$22,186,455$8,171,943$2,196,459$11,818,052
4$23,295,778$8,582,393$2,306,282$12,407,103
5$24,460,566$9,013,364$2,421,596$13,025,606
6$25,683,595$9,465,885$2,542,676$13,675,034
7$26,967,775$9,941,032$2,669,810$14,356,934
8$28,316,164$10,439,936$2,803,300$15,072,928
9$29,731,972$10,963,785$2,943,465$15,824,722
10$31,218,570$11,513,826$3,090,638$16,614,106
11$32,779,499$12,091,370$3,245,170$17,442,959
12$34,418,474$12,697,790$3,407,429$18,313,255
13$36,139,397$13,334,532$3,577,800$19,227,065
14$37,946,368$14,003,111$3,756,690$20,186,566
15$39,843,686$14,705,119$3,944,525$21,194,042
16$41,835,870$15,442,227$4,141,751$22,251,892
17$43,927,663$16,216,190$4,348,839$23,362,634
18$46,124,047$17,028,852$4,566,281$24,528,914
19$48,430,249$17,882,147$4,794,595$25,753,507
20$50,851,761$18,778,107$5,034,324$27,039,330
21$53,394,349$19,718,864$5,286,041$28,389,444
22$56,064,067$20,706,660$5,550,343$29,807,064
23$58,867,270$21,743,845$5,827,860$31,295,566
24$61,810,633$22,832,889$6,119,253$32,858,491
25$64,901,165$23,976,386$6,425,215$34,499,563
26$68,146,224$25,177,058$6,746,476$36,222,690
27$71,553,535$26,437,763$7,083,800$38,031,972
28$75,131,211$27,761,503$7,437,990$39,931,718
29$78,887,772$29,151,431$7,809,889$41,926,452
30$82,832,161$30,610,855$8,200,384$44,020,923
Total$1,337,000,003$493,578,651$132,363,000$711,058,350

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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.