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Oregon Mega Millions Jackpot Annuity Payout Schedule for Dec 1, 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 $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 money, as well as deductions claimed.

State:

Oregon

Drawing Date:Fri, Dec 1, 2023
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$1,935,194$528,983$2,879,083
2$5,610,422$2,034,044$555,432$3,020,947
3$5,890,943$2,137,837$583,203$3,169,903
4$6,185,491$2,246,819$612,364$3,326,308
5$6,494,765$2,361,251$642,982$3,490,533
6$6,819,503$2,481,404$675,131$3,662,969
7$7,160,479$2,607,565$708,887$3,844,027
8$7,518,503$2,740,034$744,332$4,034,137
9$7,894,428$2,879,126$781,548$4,233,753
10$8,289,149$3,025,173$820,626$4,443,350
11$8,703,607$3,178,522$861,657$4,663,427
12$9,138,787$3,339,539$904,740$4,894,508
13$9,595,726$3,508,606$949,977$5,137,143
14$10,075,513$3,686,127$997,476$5,391,910
15$10,579,288$3,872,524$1,047,350$5,659,414
16$11,108,253$4,068,241$1,099,717$5,940,294
17$11,663,665$4,273,744$1,154,703$6,235,218
18$12,246,849$4,489,522$1,212,438$6,544,889
19$12,859,191$4,716,088$1,273,060$6,870,043
20$13,502,151$4,953,983$1,336,713$7,211,454
21$14,177,258$5,203,773$1,403,549$7,569,936
22$14,886,121$5,466,052$1,473,726$7,946,342
23$15,630,427$5,741,446$1,547,412$8,341,569
24$16,411,948$6,030,609$1,624,783$8,756,557
25$17,232,546$6,334,230$1,706,022$9,192,294
26$18,094,173$6,653,032$1,791,323$9,649,818
27$18,998,882$6,987,774$1,880,889$10,130,219
28$19,948,826$7,339,253$1,974,934$10,634,639
29$20,946,267$7,708,307$2,073,680$11,164,280
30$21,993,581$8,095,813$2,177,364$11,720,404
Total$355,000,001$130,095,632$35,145,001$189,759,368

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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.