USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$528,983$2,874,316
2$5,610,422$2,038,811$555,432$3,016,179
3$5,890,943$2,142,604$583,203$3,165,136
4$6,185,491$2,251,587$612,364$3,321,541
5$6,494,765$2,366,018$642,982$3,485,765
6$6,819,503$2,486,171$675,131$3,658,201
7$7,160,479$2,612,332$708,887$3,839,259
8$7,518,503$2,744,801$744,332$4,029,370
9$7,894,428$2,883,893$781,548$4,228,986
10$8,289,149$3,029,940$820,626$4,438,583
11$8,703,607$3,183,289$861,657$4,658,660
12$9,138,787$3,344,306$904,740$4,889,741
13$9,595,726$3,513,374$949,977$5,132,376
14$10,075,513$3,690,895$997,476$5,387,142
15$10,579,288$3,877,292$1,047,350$5,654,647
16$11,108,253$4,073,009$1,099,717$5,935,527
17$11,663,665$4,278,511$1,154,703$6,230,451
18$12,246,849$4,494,289$1,212,438$6,540,122
19$12,859,191$4,720,856$1,273,060$6,865,275
20$13,502,151$4,958,751$1,336,713$7,206,687
21$14,177,258$5,208,540$1,403,549$7,565,169
22$14,886,121$5,470,820$1,473,726$7,941,575
23$15,630,427$5,746,213$1,547,412$8,336,802
24$16,411,948$6,035,376$1,624,783$8,751,789
25$17,232,546$6,338,997$1,706,022$9,187,527
26$18,094,173$6,657,799$1,791,323$9,645,051
27$18,998,882$6,992,541$1,880,889$10,125,451
28$19,948,826$7,344,020$1,974,934$10,629,871
29$20,946,267$7,713,074$2,073,680$11,159,513
30$21,993,581$8,100,580$2,177,364$11,715,636
Total$355,000,001$130,238,650$35,145,001$189,616,348

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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.