USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jul 7, 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 $450,000,000 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 7, 2023
Jackpot:$450,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,773,146$2,464,252$670,541$3,638,353
2$7,111,803$2,589,555$704,069$3,818,180
3$7,467,393$2,721,123$739,272$4,006,998
4$7,840,763$2,859,270$776,236$4,205,257
5$8,232,801$3,004,324$815,047$4,413,430
6$8,644,441$3,156,631$855,800$4,632,010
7$9,076,663$3,316,553$898,590$4,861,520
8$9,530,496$3,484,471$943,519$5,102,506
9$10,007,021$3,660,786$990,695$5,355,541
10$10,507,372$3,845,915$1,040,230$5,621,227
11$11,032,741$4,040,302$1,092,241$5,900,198
12$11,584,378$4,244,408$1,146,853$6,193,117
13$12,163,597$4,458,719$1,204,196$6,500,682
14$12,771,777$4,683,745$1,264,406$6,823,626
15$13,410,365$4,920,023$1,327,626$7,162,716
16$14,080,884$5,168,115$1,394,008$7,518,762
17$14,784,928$5,428,611$1,463,708$7,892,609
18$15,524,174$5,702,132$1,536,893$8,285,149
19$16,300,383$5,989,329$1,613,738$8,697,316
20$17,115,402$6,290,887$1,694,425$9,130,091
21$17,971,172$6,607,521$1,779,146$9,584,505
22$18,869,731$6,939,988$1,868,103$10,061,639
23$19,813,217$7,289,078$1,961,509$10,562,631
24$20,803,878$7,655,623$2,059,584$11,088,671
25$21,844,072$8,040,494$2,162,563$11,641,014
26$22,936,276$8,444,610$2,270,691$12,220,975
27$24,083,090$8,868,931$2,384,226$12,829,933
28$25,287,244$9,314,468$2,503,437$13,469,339
29$26,551,606$9,782,282$2,628,609$14,140,715
30$27,879,187$10,273,487$2,760,039$14,845,660
Total$450,000,001$165,245,633$44,550,000$240,204,370

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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.