USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Mar 10, 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 $17,000,000 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:Tue, Mar 10, 1998
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$59,931$25,332$170,612
2$268,668$64,409$26,598$177,661
3$282,102$69,110$27,928$185,063
4$296,207$74,047$29,324$192,835
5$311,017$79,231$30,791$200,996
6$326,568$84,673$32,330$209,564
7$342,896$90,388$33,947$218,561
8$360,041$96,389$35,644$228,008
9$378,043$102,690$37,426$237,927
10$396,945$109,306$39,298$248,342
11$416,792$116,252$41,262$259,278
12$437,632$123,546$43,326$270,761
13$459,514$131,205$45,492$282,817
14$482,489$139,246$47,766$295,477
15$506,614$147,690$50,155$308,769
16$531,945$156,555$52,663$322,727
17$558,542$165,864$55,296$337,382
18$586,469$175,639$58,060$352,770
19$615,792$186,031$60,963$368,798
20$646,582$197,423$64,012$385,147
21$678,911$209,385$67,212$402,314
22$712,856$221,945$70,573$420,339
23$748,499$235,132$74,101$439,265
24$785,924$248,980$77,807$459,138
25$825,220$263,519$81,697$480,004
26$866,482$278,786$85,782$501,914
27$909,806$294,816$90,071$524,919
28$955,296$311,647$94,574$549,074
29$1,003,061$329,320$99,303$574,437
30$1,053,214$347,877$104,268$601,069
Total$17,000,000$5,111,032$1,683,001$10,205,968

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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.