USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 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 $85,000,000 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, Sep 1, 2023
Jackpot:$85,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,279,372$431,555$126,658$721,159
2$1,343,341$455,224$132,991$755,126
3$1,410,508$480,076$139,640$790,792
4$1,481,033$506,170$146,622$828,241
5$1,555,085$533,569$153,953$867,562
6$1,632,839$562,338$161,651$908,850
7$1,714,481$592,546$169,734$952,202
8$1,800,205$624,264$178,220$997,721
9$1,890,215$657,567$187,131$1,045,516
10$1,984,726$692,536$196,488$1,095,702
11$2,083,962$729,254$206,312$1,148,396
12$2,188,160$767,807$216,628$1,203,725
13$2,297,568$808,288$227,459$1,261,821
14$2,412,447$850,793$238,832$1,322,821
15$2,533,069$895,423$250,774$1,386,872
16$2,659,723$942,285$263,313$1,454,125
17$2,792,709$991,490$276,478$1,524,741
18$2,932,344$1,043,155$290,302$1,598,887
19$3,078,961$1,097,403$304,817$1,676,741
20$3,232,909$1,154,364$320,058$1,758,487
21$3,394,555$1,214,173$336,061$1,844,321
22$3,564,282$1,276,972$352,864$1,934,446
23$3,742,497$1,342,911$370,507$2,029,078
24$3,929,621$1,412,148$389,033$2,128,441
25$4,126,102$1,484,846$408,484$2,232,773
26$4,332,408$1,561,179$428,908$2,342,321
27$4,549,028$1,641,328$450,354$2,457,346
28$4,776,479$1,725,485$472,871$2,578,123
29$5,015,303$1,813,850$496,515$2,704,938
30$5,266,069$1,906,633$521,341$2,838,095
Total$85,000,000$30,195,632$8,414,999$46,389,369

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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.