USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 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 $15,000,000 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, Feb 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,933$22,351$153,487
2$237,060$53,546$23,469$160,045
3$248,913$57,494$24,642$166,776
4$261,359$61,850$25,875$173,634
5$274,427$66,424$27,168$180,834
6$288,148$71,227$28,527$188,395
7$302,555$76,269$29,953$196,333
8$317,683$81,564$31,451$204,669
9$333,567$87,123$33,023$213,421
10$350,246$92,961$34,674$222,611
11$367,758$99,090$36,408$232,260
12$386,146$105,526$38,228$242,392
13$405,453$112,283$40,140$253,030
14$425,726$119,379$42,147$264,200
15$447,012$126,829$44,254$275,929
16$469,363$134,652$46,467$288,244
17$492,831$142,866$48,790$301,175
18$517,472$151,490$51,230$314,753
19$543,346$160,546$53,791$329,009
20$570,513$170,054$56,481$343,978
21$599,039$180,038$59,305$359,696
22$628,991$190,914$62,270$375,806
23$660,441$202,551$65,384$392,506
24$693,463$214,769$68,653$410,041
25$728,136$227,598$72,085$428,452
26$764,543$241,068$75,690$447,784
27$802,770$255,213$79,474$468,083
28$842,908$270,064$83,448$489,396
29$885,054$285,658$87,620$511,776
30$929,306$302,031$92,001$535,274
Total$15,000,000$4,391,010$1,484,999$9,123,989

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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.