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 2025 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$132,855$46,193$287,546
2$489,924$141,021$48,502$300,401
3$514,420$149,594$50,928$313,898
4$540,141$158,597$53,474$328,071
5$567,149$168,049$56,148$342,952
6$595,506$177,974$58,955$358,577
7$625,281$188,396$61,903$374,983
8$656,545$199,942$64,998$391,605
9$689,373$212,088$68,248$409,037
10$723,841$224,841$71,660$427,339
11$760,033$238,233$75,243$446,557
12$798,035$252,293$79,005$466,736
13$837,937$267,057$82,956$487,924
14$879,834$282,559$87,104$510,171
15$923,825$298,836$91,459$533,531
16$970,016$315,926$96,032$558,058
17$1,018,517$333,872$100,833$583,812
18$1,069,443$352,714$105,875$610,854
19$1,122,915$372,499$111,169$639,248
20$1,179,061$393,273$116,727$669,061
21$1,238,014$415,085$122,563$700,365
22$1,299,915$437,989$128,692$733,235
23$1,364,911$462,037$135,126$767,747
24$1,433,156$487,288$141,882$803,986
25$1,504,814$513,801$148,977$842,036
26$1,580,055$541,640$156,425$881,989
27$1,659,057$570,871$164,247$923,939
28$1,742,010$601,564$172,459$967,987
29$1,829,111$633,791$181,082$1,014,237
30$1,920,566$667,630$190,136$1,062,800
Total$31,000,000$10,192,315$3,069,001$17,738,682

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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.