USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Aug 25, 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 $52,000,000 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, Aug 25, 2023
Jackpot:$52,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$247,777$77,485$457,412
2$821,808$262,257$81,359$478,192
3$862,899$277,460$85,427$500,011
4$906,044$293,424$89,698$522,921
5$951,346$310,186$94,183$546,977
6$998,913$327,786$98,892$572,235
7$1,048,859$346,266$103,837$598,756
8$1,101,302$365,669$109,029$626,604
9$1,156,367$386,044$114,480$655,843
10$1,214,185$407,436$120,204$686,545
11$1,274,895$429,899$126,215$718,781
12$1,338,639$453,484$132,525$752,630
13$1,405,571$478,249$139,152$788,171
14$1,475,850$504,252$146,109$825,488
15$1,549,642$531,555$153,415$864,672
16$1,627,124$560,224$161,085$905,815
17$1,708,481$590,326$169,140$949,015
18$1,793,905$621,932$177,597$994,376
19$1,883,600$655,120$186,476$1,042,004
20$1,977,780$689,966$195,800$1,092,013
21$2,076,669$726,555$205,590$1,144,523
22$2,180,502$764,974$215,870$1,199,659
23$2,289,527$805,313$226,663$1,257,551
24$2,404,004$847,669$237,996$1,318,338
25$2,524,204$892,143$249,896$1,382,165
26$2,650,414$938,841$262,391$1,449,182
27$2,782,935$987,874$275,511$1,519,551
28$2,922,082$1,039,358$289,286$1,593,438
29$3,068,186$1,093,416$303,750$1,671,019
30$3,221,595$1,150,178$318,938$1,752,479
Total$52,000,000$17,985,633$5,147,999$28,866,366

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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.