USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jun 13, 1997

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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 $16,000,000 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, Jun 13, 1997
Jackpot:$16,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$240,823$54,750$23,841$162,232
2$252,864$58,877$25,034$168,953
3$265,507$63,302$26,285$175,920
4$278,783$67,949$27,599$183,235
5$292,722$72,827$28,979$190,915
6$307,358$77,950$30,428$198,979
7$322,726$83,329$31,950$207,447
8$338,862$88,976$33,547$216,338
9$355,805$94,907$35,225$225,674
10$373,595$101,133$36,986$235,476
11$392,275$107,671$38,835$245,769
12$411,889$114,536$40,777$256,576
13$432,483$121,744$42,816$267,924
14$454,108$129,312$44,957$279,839
15$476,813$137,259$47,204$292,349
16$500,654$145,604$49,565$305,485
17$525,686$154,365$52,043$319,278
18$551,971$163,564$54,645$333,761
19$579,569$173,224$57,377$348,968
20$608,548$183,366$60,246$364,935
21$638,975$194,609$63,259$381,108
22$670,924$206,430$66,421$398,073
23$704,470$218,842$69,743$415,886
24$739,693$231,874$73,230$434,589
25$776,678$245,559$76,891$454,228
26$815,512$259,927$80,736$474,849
27$856,288$275,014$84,772$496,501
28$899,102$290,855$89,011$519,235
29$944,057$307,489$93,462$543,107
30$991,260$324,954$98,135$568,171
Total$16,000,000$4,750,198$1,583,999$9,665,800

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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.