USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 2023

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The tax information provided here is based on 2022 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 $183,000,000 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, Sep 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$982,088$272,687$1,499,638
2$2,892,133$1,033,044$286,321$1,572,768
3$3,036,740$1,086,549$300,637$1,649,554
4$3,188,577$1,142,728$315,669$1,730,179
5$3,348,006$1,201,717$331,453$1,814,836
6$3,515,406$1,263,655$348,025$1,903,726
7$3,691,176$1,328,690$365,426$1,997,060
8$3,875,735$1,396,977$383,698$2,095,060
9$4,069,522$1,468,678$402,883$2,197,961
10$4,272,998$1,543,964$423,027$2,306,007
11$4,486,648$1,623,015$444,178$2,419,455
12$4,710,980$1,706,018$466,387$2,538,576
13$4,946,529$1,793,171$489,706$2,663,652
14$5,193,856$1,884,682$514,192$2,794,982
15$5,453,549$1,980,768$539,901$2,932,879
16$5,726,226$2,081,659$566,896$3,077,671
17$6,012,537$2,187,594$595,241$3,229,702
18$6,313,164$2,298,826$625,003$3,389,335
19$6,628,822$2,415,619$656,253$3,556,950
20$6,960,264$2,538,253$689,066$3,732,945
21$7,308,277$2,667,017$723,519$3,917,740
22$7,673,691$2,802,220$759,695$4,111,775
23$8,057,375$2,944,184$797,680$4,315,511
24$8,460,244$3,093,245$837,564$4,529,434
25$8,883,256$3,249,760$879,442$4,754,054
26$9,327,419$3,414,100$923,414$4,989,904
27$9,793,790$3,586,657$969,585$5,237,547
28$10,283,479$3,767,842$1,018,064$5,497,572
29$10,797,653$3,958,087$1,068,968$5,770,599
30$11,337,536$4,157,843$1,122,416$6,057,277
Total$183,000,000$66,598,650$18,116,996$98,284,349

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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.