USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,088,889$1,639,101$8,828,588
2$17,384,408$6,395,186$1,721,056$9,268,165
3$18,253,628$6,716,797$1,807,109$9,729,721
4$19,166,310$7,054,490$1,897,465$10,214,356
5$20,124,624$7,409,066$1,992,338$10,723,221
6$21,130,856$7,781,372$2,091,955$11,257,529
7$22,187,399$8,172,293$2,196,553$11,818,554
8$23,296,769$8,582,760$2,306,380$12,407,629
9$24,461,608$9,013,750$2,421,699$13,026,159
10$25,684,688$9,466,289$2,542,784$13,675,614
11$26,968,922$9,941,456$2,669,923$14,357,543
12$28,317,368$10,440,381$2,803,419$15,073,568
13$29,733,237$10,964,253$2,943,590$15,825,394
14$31,219,899$11,514,317$3,090,770$16,614,811
15$32,780,893$12,091,885$3,245,308$17,443,699
16$34,419,938$12,698,332$3,407,574$18,314,032
17$36,140,935$13,335,101$3,577,953$19,227,881
18$37,947,982$14,003,708$3,756,850$20,187,423
19$39,845,380$14,705,746$3,944,693$21,194,942
20$41,837,650$15,442,885$4,141,927$22,252,837
21$43,929,532$16,216,882$4,349,024$23,363,626
22$46,126,009$17,029,578$4,566,475$24,529,956
23$48,432,309$17,882,909$4,794,799$25,754,601
24$50,853,924$18,778,907$5,034,538$27,040,479
25$53,396,620$19,719,704$5,286,265$28,390,650
26$56,066,452$20,707,542$5,550,579$29,808,331
27$58,869,775$21,744,772$5,828,108$31,296,895
28$61,813,263$22,833,862$6,119,513$32,859,887
29$64,903,926$23,977,408$6,425,489$34,501,030
30$68,149,123$25,178,130$6,746,763$36,224,229
Total$1,100,000,002$405,888,650$108,900,000$585,211,350

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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.