USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,397,963$1,455,820$7,851,469
2$15,440,515$5,670,011$1,528,611$8,241,893
3$16,212,540$5,955,660$1,605,041$8,651,839
4$17,023,168$6,255,592$1,685,294$9,082,282
5$17,874,325$6,570,521$1,769,558$9,534,247
6$18,768,042$6,901,196$1,858,036$10,008,810
7$19,706,445$7,248,405$1,950,938$10,507,102
8$20,691,767$7,612,974$2,048,485$11,030,308
9$21,726,355$7,995,772$2,150,909$11,579,674
10$22,812,673$8,397,709$2,258,455$12,156,509
11$23,953,306$8,819,744$2,371,377$12,762,185
12$25,150,972$9,262,880$2,489,946$13,398,146
13$26,408,520$9,728,173$2,614,443$14,065,904
14$27,728,946$10,216,730$2,745,166$14,767,050
15$29,115,393$10,729,716$2,882,424$15,503,254
16$30,571,163$11,268,351$3,026,545$16,276,268
17$32,099,721$11,833,917$3,177,872$17,087,932
18$33,704,707$12,427,762$3,336,766$17,940,179
19$35,389,942$13,051,299$3,503,604$18,835,039
20$37,159,440$13,706,013$3,678,785$19,774,642
21$39,017,411$14,393,462$3,862,724$20,761,225
22$40,968,282$15,115,285$4,055,860$21,797,138
23$43,016,696$15,873,198$4,258,653$22,884,846
24$45,167,531$16,669,007$4,471,586$24,026,939
25$47,425,907$17,504,606$4,695,165$25,226,136
26$49,797,203$18,381,986$4,929,923$26,485,295
27$52,287,064$19,303,234$5,176,419$27,807,410
28$54,901,416$20,270,544$5,435,240$29,195,632
29$57,646,487$21,286,220$5,707,002$30,653,264
30$60,528,812$22,352,681$5,992,352$32,183,779
Total$977,000,002$360,200,611$96,722,999$520,076,396

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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.