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Oregon Mega Millions Jackpot Annuity Payout Schedule for Feb 6, 2024

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The tax information provided here is based on 2025 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 $365,000,000 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 6, 2024
Jackpot:$365,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,493,774$1,989,717$543,884$2,960,174
2$5,768,463$2,091,351$571,078$3,106,033
3$6,056,886$2,198,068$599,632$3,259,186
4$6,359,730$2,310,120$629,613$3,419,996
5$6,677,716$2,427,775$661,094$3,588,847
6$7,011,602$2,551,313$694,149$3,766,141
7$7,362,182$2,681,028$728,856$3,952,299
8$7,730,292$2,817,228$765,299$4,147,765
9$8,116,806$2,960,239$803,564$4,353,004
10$8,522,646$3,110,399$843,742$4,568,505
11$8,948,779$3,268,068$885,929$4,794,781
12$9,396,218$3,433,621$930,226$5,032,371
13$9,866,028$3,607,451$976,737$5,281,841
14$10,359,330$3,789,972$1,025,574$5,543,784
15$10,877,296$3,981,620$1,076,852$5,818,824
16$11,421,161$4,182,850$1,130,695$6,107,616
17$11,992,219$4,394,141$1,187,230$6,410,848
18$12,591,830$4,615,997$1,246,591$6,729,242
19$13,221,422$4,848,946$1,308,921$7,063,555
20$13,882,493$5,093,543$1,374,367$7,414,583
21$14,576,617$5,350,369$1,443,085$7,783,164
22$15,305,448$5,620,036$1,515,239$8,170,173
23$16,070,721$5,903,187$1,591,001$8,576,532
24$16,874,257$6,200,495$1,670,551$9,003,210
25$17,717,969$6,512,669$1,754,079$9,451,222
26$18,603,868$6,840,451$1,841,783$9,921,634
27$19,534,062$7,184,623$1,933,872$10,415,566
28$20,510,764$7,546,003$2,030,566$10,934,196
29$21,536,303$7,925,452$2,132,094$11,478,756
30$22,613,118$8,323,874$2,238,699$12,050,545
Total$365,000,001$133,760,606$36,135,002$195,104,393

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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.