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Mega Millions Annuity Jackpot Analysis for Oregon (Aug. 4, 2017 Drawing)

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The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $323,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Oregon

Drawing Date:  Aug. 4, 2017
Jackpot:$323,000,000
Federal Tax:  24%
State Tax:8.00%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,861,614$1,166,787$388,929$3,305,897
2$5,104,694$1,225,127$408,376$3,471,192
3$5,359,929$1,286,383$428,794$3,644,752
4$5,627,926$1,350,702$450,234$3,826,989
5$5,909,321$1,418,237$472,746$4,018,339
6$6,204,788$1,489,149$496,383$4,219,256
7$6,515,027$1,563,607$521,202$4,430,219
8$6,840,779$1,641,787$547,262$4,651,729
9$7,182,817$1,723,876$574,625$4,884,316
10$7,541,958$1,810,070$603,357$5,128,532
11$7,919,056$1,900,573$633,524$5,384,958
12$8,315,009$1,995,602$665,201$5,654,206
13$8,730,759$2,095,382$698,461$5,936,916
14$9,167,297$2,200,151$733,384$6,233,762
15$9,625,662$2,310,159$770,053$6,545,450
16$10,106,946$2,425,667$808,556$6,872,723
17$10,612,293$2,546,950$848,983$7,216,359
18$11,142,907$2,674,298$891,433$7,577,177
19$11,700,053$2,808,013$936,004$7,956,036
20$12,285,055$2,948,413$982,804$8,353,838
21$12,899,308$3,095,834$1,031,945$8,771,529
22$13,544,273$3,250,626$1,083,542$9,210,106
23$14,221,487$3,413,157$1,137,719$9,670,611
24$14,932,561$3,583,815$1,194,605$10,154,142
25$15,679,189$3,763,005$1,254,335$10,661,849
26$16,463,149$3,951,156$1,317,052$11,194,941
27$17,286,307$4,148,714$1,382,905$11,754,688
28$18,150,622$4,356,149$1,452,050$12,342,423
29$19,058,153$4,573,957$1,524,652$12,959,544
30$20,011,061$4,802,655$1,600,885$13,607,521
Total$323,000,001$77,520,000$25,840,000$219,640,000
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