USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 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 $162,000,000 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 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$241,395$1,336,567
2$2,560,249$905,480$253,465$1,401,305
3$2,688,262$952,845$266,138$1,469,279
4$2,822,675$1,002,577$279,445$1,540,653
5$2,963,808$1,054,797$293,417$1,615,594
6$3,111,999$1,109,627$308,088$1,694,284
7$3,267,599$1,167,199$323,492$1,776,907
8$3,430,979$1,227,650$339,667$1,863,662
9$3,602,528$1,291,123$356,650$1,954,754
10$3,782,654$1,357,770$374,483$2,050,402
11$3,971,787$1,427,749$393,207$2,150,831
12$4,170,376$1,501,227$412,867$2,256,282
13$4,378,895$1,578,379$433,511$2,367,005
14$4,597,840$1,659,388$455,186$2,483,265
15$4,827,732$1,744,448$477,945$2,605,338
16$5,069,118$1,833,761$501,843$2,733,514
17$5,322,574$1,927,540$526,935$2,868,099
18$5,588,703$2,026,008$553,282$3,009,413
19$5,868,138$2,129,399$580,946$3,157,793
20$6,161,545$2,237,959$609,993$3,313,593
21$6,469,622$2,351,948$640,493$3,477,182
22$6,793,103$2,471,636$672,517$3,648,950
23$7,132,758$2,597,308$706,143$3,829,307
24$7,489,396$2,729,264$741,450$4,018,682
25$7,863,866$2,867,818$778,523$4,217,525
26$8,257,059$3,013,300$817,449$4,426,311
27$8,669,912$3,166,055$858,321$4,645,536
28$9,103,408$3,326,449$901,237$4,875,722
29$9,558,578$3,494,862$946,299$5,117,417
30$10,036,507$3,671,695$993,614$5,371,198
Total$162,000,000$58,685,632$16,038,001$87,276,370

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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.