USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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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 $31,000,000 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 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$133,683$46,193$286,719
2$489,924$141,848$48,502$299,573
3$514,420$150,422$50,928$313,071
4$540,141$159,424$53,474$327,243
5$567,149$168,877$56,148$342,124
6$595,506$178,802$58,955$357,749
7$625,281$189,542$61,903$373,837
8$656,545$201,110$64,998$390,438
9$689,373$213,256$68,248$407,869
10$723,841$226,009$71,660$426,172
11$760,033$239,400$75,243$445,390
12$798,035$253,461$79,005$465,569
13$837,937$268,224$82,956$486,757
14$879,834$283,726$87,104$509,004
15$923,825$300,003$91,459$532,363
16$970,016$317,094$96,032$556,891
17$1,018,517$335,039$100,833$582,645
18$1,069,443$353,882$105,875$609,687
19$1,122,915$373,666$111,169$638,080
20$1,179,061$394,440$116,727$667,894
21$1,238,014$416,253$122,563$699,198
22$1,299,915$439,156$128,692$732,067
23$1,364,911$463,205$135,126$766,580
24$1,433,156$488,455$141,882$802,818
25$1,504,814$514,969$148,977$840,868
26$1,580,055$542,808$156,425$880,821
27$1,659,057$572,039$164,247$922,772
28$1,742,010$602,731$172,459$966,820
29$1,829,111$634,959$181,082$1,013,070
30$1,920,566$668,797$190,136$1,061,633
Total$31,000,000$10,225,280$3,069,001$17,705,722

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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.