USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jul 14, 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 $560,000,000 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, Jul 14, 2023
Jackpot:$560,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,428,804$3,076,845$834,452$4,517,507
2$8,850,244$3,232,778$876,174$4,741,292
3$9,292,756$3,396,507$919,983$4,976,266
4$9,757,394$3,568,424$965,982$5,222,989
5$10,245,263$3,748,935$1,014,281$5,482,047
6$10,757,527$3,938,473$1,064,995$5,754,059
7$11,295,403$4,137,487$1,118,245$6,039,671
8$11,860,173$4,346,452$1,174,157$6,339,564
9$12,453,182$4,565,865$1,232,865$6,654,452
10$13,075,841$4,796,249$1,294,508$6,985,084
11$13,729,633$5,038,152$1,359,234$7,332,247
12$14,416,115$5,292,150$1,427,195$7,696,769
13$15,136,920$5,558,848$1,498,555$8,079,517
14$15,893,767$5,838,881$1,573,483$8,481,402
15$16,688,455$6,132,916$1,652,157$8,903,382
16$17,522,878$6,441,652$1,734,765$9,346,460
17$18,399,021$6,765,826$1,821,503$9,811,693
18$19,318,972$7,106,208$1,912,578$10,300,187
19$20,284,921$7,463,608$2,008,207$10,813,105
20$21,299,167$7,838,880$2,108,618$11,351,670
21$22,364,125$8,232,914$2,214,048$11,917,163
22$23,482,332$8,646,650$2,324,751$12,510,930
23$24,656,448$9,081,074$2,440,988$13,134,386
24$25,889,270$9,537,218$2,563,038$13,789,015
25$27,183,734$10,016,169$2,691,190$14,476,375
26$28,542,921$10,519,069$2,825,749$15,198,103
27$29,970,067$11,047,113$2,967,037$15,955,918
28$31,468,570$11,601,559$3,115,388$16,751,623
29$33,041,999$12,183,727$3,271,158$17,587,114
30$34,694,099$12,795,004$3,434,716$18,464,379
Total$560,000,001$205,945,633$55,440,000$298,614,369

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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.