USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 2024

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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 $563,000,000 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, Feb 27, 2024
Jackpot:$563,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,473,958$3,093,552$838,922$4,541,484
2$8,897,656$3,250,320$880,868$4,766,468
3$9,342,539$3,414,927$924,911$5,002,700
4$9,809,666$3,587,764$971,157$5,250,745
5$10,300,149$3,769,243$1,019,715$5,511,191
6$10,815,156$3,959,796$1,070,700$5,784,660
7$11,355,914$4,159,876$1,124,236$6,071,803
8$11,923,710$4,369,960$1,180,447$6,373,302
9$12,519,895$4,590,549$1,239,470$6,689,877
10$13,145,890$4,822,167$1,301,443$7,022,280
11$13,803,185$5,065,366$1,366,515$7,371,303
12$14,493,344$5,320,725$1,434,841$7,737,778
13$15,218,011$5,588,852$1,506,583$8,122,576
14$15,978,912$5,870,385$1,581,912$8,526,614
15$16,777,857$6,165,995$1,661,008$8,950,854
16$17,616,750$6,476,385$1,744,058$9,396,307
17$18,497,587$6,802,295$1,831,261$9,864,031
18$19,422,467$7,144,501$1,922,824$10,355,142
19$20,393,590$7,503,816$2,018,965$10,870,809
20$21,413,270$7,881,098$2,119,914$11,412,259
21$22,483,933$8,277,243$2,225,909$11,980,781
22$23,608,130$8,693,196$2,337,205$12,577,729
23$24,788,536$9,129,946$2,454,065$13,204,525
24$26,027,963$9,588,534$2,576,768$13,862,661
25$27,329,361$10,070,051$2,705,607$14,553,703
26$28,695,830$10,575,645$2,840,887$15,279,298
27$30,130,621$11,106,518$2,982,931$16,041,172
28$31,637,152$11,663,934$3,132,078$16,841,140
29$33,219,009$12,249,221$3,288,682$17,681,106
30$34,879,960$12,863,773$3,453,116$18,563,071
Total$563,000,001$207,055,633$55,736,998$300,207,369

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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.