USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Aug 18, 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 $19,000,000 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, Aug 18, 1998
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,977$70,467$28,312$187,199
2$300,276$75,471$29,727$195,077
3$315,290$80,726$31,214$203,350
4$331,054$86,244$32,774$212,036
5$347,607$92,037$34,413$221,157
6$364,988$98,120$36,134$230,733
7$383,237$104,508$37,940$240,789
8$402,399$111,214$39,837$251,347
9$422,519$118,256$41,829$262,433
10$443,645$125,650$43,921$274,073
11$465,827$133,414$46,117$286,296
12$489,118$141,566$48,423$299,129
13$513,574$150,126$50,844$312,605
14$539,253$159,113$53,386$326,754
15$566,215$168,550$56,055$341,610
16$594,526$178,459$58,858$357,209
17$624,253$189,161$61,801$373,290
18$655,465$200,710$64,891$389,864
19$688,238$212,836$68,136$407,267
20$722,650$225,568$71,542$425,540
21$758,783$238,937$75,119$444,726
22$796,722$252,975$78,875$464,872
23$836,558$267,714$82,819$486,025
24$878,386$283,191$86,960$508,235
25$922,305$299,441$91,308$531,556
26$968,421$316,503$95,874$556,044
27$1,016,842$334,419$100,667$581,755
28$1,067,684$353,231$105,701$608,752
29$1,121,068$372,983$110,986$637,099
30$1,177,121$393,723$116,535$666,864
Total$19,000,000$5,835,313$1,880,998$11,283,686

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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.