USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jun 26, 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 $13,000,000 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 26, 1998
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$40,300$19,371$135,997
2$205,452$43,431$20,340$141,681
3$215,725$46,718$21,357$147,650
4$226,511$50,170$22,425$153,916
5$237,836$53,794$23,546$160,496
6$249,728$57,780$24,723$167,226
7$262,215$62,150$25,959$174,106
8$275,325$66,739$27,257$181,330
9$289,092$71,557$28,620$188,915
10$303,546$76,616$30,051$196,879
11$318,724$81,928$31,554$205,242
12$334,660$87,506$33,131$214,023
13$351,393$93,362$34,788$223,243
14$368,962$99,512$36,527$232,924
15$387,411$105,968$38,354$243,088
16$406,781$112,748$40,271$253,762
17$427,120$119,867$42,285$264,968
18$448,476$127,341$44,399$276,736
19$470,900$135,190$46,619$289,091
20$494,445$143,430$48,950$302,064
21$519,167$152,083$51,398$315,686
22$545,126$161,169$53,967$329,989
23$572,382$170,708$56,666$345,008
24$601,001$180,725$59,499$360,777
25$631,051$191,677$62,474$376,900
26$662,604$203,351$65,598$393,655
27$695,734$215,609$68,878$411,247
28$730,520$228,480$72,322$429,719
29$767,046$241,995$75,938$449,114
30$805,399$256,185$79,734$469,479
Total$13,000,000$3,678,089$1,287,001$8,034,911

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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.