USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$520,660$150,499$849,036
2$1,596,205$548,783$158,024$889,397
3$1,676,015$578,313$165,925$931,776
4$1,759,816$609,320$174,222$976,274
5$1,847,806$641,876$182,933$1,022,997
6$1,940,197$676,061$192,079$1,072,057
7$2,037,207$711,954$201,683$1,123,569
8$2,139,067$749,643$211,768$1,177,657
9$2,246,020$789,215$222,356$1,234,449
10$2,358,321$830,767$233,474$1,294,081
11$2,476,237$874,396$245,148$1,356,694
12$2,600,049$920,206$257,405$1,422,438
13$2,730,052$968,307$270,275$1,491,470
14$2,866,554$1,018,813$283,789$1,563,953
15$3,009,882$1,071,844$297,978$1,640,060
16$3,160,376$1,127,527$312,877$1,719,972
17$3,318,395$1,185,994$328,521$1,803,880
18$3,484,315$1,247,384$344,947$1,891,983
19$3,658,530$1,311,844$362,195$1,984,492
20$3,841,457$1,379,527$380,304$2,081,626
21$4,033,530$1,450,594$399,319$2,183,617
22$4,235,206$1,525,214$419,285$2,290,707
23$4,446,967$1,603,565$440,250$2,403,151
24$4,669,315$1,685,834$462,262$2,521,218
25$4,902,781$1,772,217$485,375$2,645,189
26$5,147,920$1,862,918$509,644$2,775,358
27$5,405,316$1,958,155$535,126$2,912,035
28$5,675,581$2,058,153$561,883$3,055,546
29$5,959,360$2,163,151$589,977$3,206,233
30$6,257,329$2,273,399$619,476$3,364,454
Total$101,000,000$36,115,634$9,998,999$54,885,369

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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.