USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $9,000,000 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 27, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$13,411$96,498
2$142,236$27,179$14,081$100,976
3$149,348$28,886$14,785$105,676
4$156,815$30,678$15,525$110,612
5$164,656$32,560$16,301$115,795
6$172,889$34,536$17,116$121,237
7$181,533$36,610$17,972$126,951
8$190,610$38,789$18,870$132,951
9$200,140$41,731$19,814$138,595
10$210,147$44,934$20,805$144,409
11$220,655$48,296$21,845$150,514
12$231,688$51,827$22,937$156,924
13$243,272$55,534$24,084$163,654
14$255,436$59,777$25,288$170,370
15$268,207$64,247$26,553$177,407
16$281,618$68,941$27,880$184,797
17$295,699$73,869$29,274$192,555
18$310,483$79,044$30,738$200,702
19$326,008$84,477$32,275$209,255
20$342,308$90,183$33,888$218,237
21$359,423$96,173$35,583$227,668
22$377,395$102,463$37,362$237,570
23$396,264$109,067$39,230$247,967
24$416,078$116,002$41,192$258,884
25$436,881$123,283$43,251$270,347
26$458,726$130,929$45,414$282,383
27$481,662$138,956$47,685$295,021
28$505,745$147,385$50,069$308,291
29$531,032$156,236$52,572$322,224
30$557,584$165,529$55,201$336,854
Total$9,000,000$2,303,675$891,001$5,805,324

◄ Back to Jackpot Analysis

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.