USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Dec 11, 1998

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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 $7,000,000 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, Dec 11, 1998
Jackpot:$7,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$105,360$18,329$10,431$76,600
2$110,628$19,593$10,952$80,083
3$116,159$20,921$11,500$83,739
4$121,967$22,315$12,075$87,578
5$128,066$23,778$12,679$91,609
6$134,469$25,315$13,312$95,842
7$141,193$26,929$13,978$100,286
8$148,252$28,623$14,677$104,952
9$155,665$30,402$15,411$109,852
10$163,448$32,270$16,181$114,997
11$171,620$34,231$16,990$120,399
12$180,201$36,291$17,840$126,071
13$189,212$38,453$18,732$132,026
14$198,672$41,262$19,669$137,742
15$208,606$44,440$20,652$143,513
16$219,036$47,778$21,685$149,573
17$229,988$51,283$22,769$155,936
18$241,487$54,962$23,907$162,618
19$253,562$59,121$25,103$169,338
20$266,240$63,559$26,358$176,323
21$279,552$68,218$27,676$183,658
22$293,529$73,110$29,059$191,360
23$308,206$78,247$30,512$199,447
24$323,616$83,640$32,038$207,938
25$339,797$89,304$33,640$216,853
26$356,787$95,250$35,322$226,215
27$374,626$101,494$37,088$236,044
28$393,357$108,050$38,942$246,365
29$413,025$114,933$40,889$257,202
30$433,676$122,161$42,934$268,581
Total$7,000,000$1,654,262$693,001$4,652,740

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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.