USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 1999

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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 $35,000,000 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, Jan 22, 1999
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$154,755$52,153$319,892
2$553,140$163,974$54,761$334,406
3$580,797$173,654$57,499$349,645
4$609,837$183,827$60,374$365,636
5$640,329$195,109$63,393$381,827
6$672,345$206,956$66,562$398,828
7$705,963$219,394$69,890$416,678
8$741,261$232,454$73,385$435,422
9$778,324$246,168$77,054$455,102
10$817,240$260,567$80,907$475,767
11$858,102$275,686$84,952$497,464
12$901,007$291,560$89,200$520,247
13$946,058$308,229$93,660$544,169
14$993,360$325,731$98,343$569,287
15$1,043,028$344,108$103,260$595,660
16$1,095,180$363,404$108,423$623,353
17$1,149,939$383,665$113,844$652,430
18$1,207,436$404,939$119,536$682,961
19$1,267,808$427,277$125,513$715,018
20$1,331,198$450,731$131,789$748,678
21$1,397,758$475,358$138,378$784,022
22$1,467,646$501,217$145,297$821,132
23$1,541,028$528,368$152,562$860,098
24$1,618,079$556,877$160,190$901,012
25$1,698,983$586,812$168,199$943,972
26$1,783,933$618,243$176,609$989,080
27$1,873,129$651,246$185,440$1,036,444
28$1,966,786$685,898$194,712$1,086,175
29$2,065,125$722,284$204,447$1,138,394
30$2,168,381$760,489$214,670$1,193,223
Total$35,000,000$11,698,980$3,465,002$19,836,022

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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.