USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Aug 15, 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 $36,000,000 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, Aug 15, 2023
Jackpot:$36,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$541,852$160,023$53,643$328,186
2$568,944$169,505$56,325$343,114
3$597,391$179,462$59,142$358,788
4$627,261$190,274$62,099$374,888
5$658,624$201,879$65,204$391,542
6$691,555$214,063$68,464$409,028
7$726,133$226,857$71,887$427,389
8$762,440$240,290$75,482$446,668
9$800,562$254,396$79,256$466,911
10$840,590$269,206$83,218$488,165
11$882,619$284,757$87,379$510,483
12$926,750$301,085$91,748$533,917
13$973,088$318,230$96,336$558,522
14$1,021,742$336,232$101,152$584,357
15$1,072,829$355,135$106,210$611,485
16$1,126,471$374,982$111,521$639,968
17$1,182,794$395,822$117,097$669,876
18$1,241,934$417,703$122,951$701,279
19$1,304,031$440,679$129,099$734,253
20$1,369,232$464,804$135,554$768,875
21$1,437,694$490,134$142,332$805,228
22$1,509,578$516,732$149,448$843,398
23$1,585,057$544,659$156,921$883,478
24$1,664,310$573,983$164,767$925,561
25$1,747,526$604,772$173,005$969,748
26$1,834,902$637,102$181,655$1,016,145
27$1,926,647$671,047$190,738$1,064,862
28$2,022,980$706,690$200,275$1,116,014
29$2,124,128$744,115$210,289$1,169,724
30$2,230,335$783,412$220,803$1,226,120
Total$36,000,000$12,068,030$3,564,000$20,367,972

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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.