USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Aug 3, 2001

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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 $32,000,000 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, Aug 3, 2001
Jackpot:$32,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$481,646$138,951$47,683$295,012
2$505,728$147,380$50,067$308,282
3$531,015$156,230$52,570$322,214
4$557,565$165,523$55,199$336,844
5$585,444$175,280$57,959$352,205
6$614,716$185,633$60,857$368,226
7$645,452$197,005$63,900$384,547
8$677,724$208,946$67,095$401,684
9$711,610$221,484$70,449$419,677
10$747,191$234,648$73,972$438,571
11$784,550$248,471$77,670$458,409
12$823,778$262,986$81,554$479,238
13$864,967$278,225$85,632$501,110
14$908,215$294,227$89,913$524,075
15$953,626$311,029$94,409$548,188
16$1,001,307$328,671$99,129$573,506
17$1,051,373$347,196$104,086$600,091
18$1,103,941$366,646$109,290$628,005
19$1,159,138$387,069$114,755$657,315
20$1,217,095$408,513$120,492$688,090
21$1,277,950$431,029$126,517$720,404
22$1,341,848$454,671$132,843$754,333
23$1,408,940$479,496$139,485$789,959
24$1,479,387$505,561$146,459$827,367
25$1,553,356$532,930$153,782$866,644
26$1,631,024$561,667$161,471$907,886
27$1,712,575$591,841$169,545$951,190
28$1,798,204$623,523$178,022$996,659
29$1,888,114$656,790$186,923$1,044,401
30$1,982,520$691,720$196,269$1,094,530
Total$32,000,000$10,593,341$3,167,997$18,238,662

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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.