USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Mar 12, 2002

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The tax information provided here is based on 2025 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 $36,000,000 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 12, 2002
Jackpot:$36,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$541,852$159,195$53,643$329,013
2$568,944$168,678$56,325$343,941
3$597,391$178,634$59,142$359,615
4$627,261$189,107$62,099$376,055
5$658,624$200,711$65,204$392,709
6$691,555$212,896$68,464$410,196
7$726,133$225,689$71,887$428,556
8$762,440$239,123$75,482$447,835
9$800,562$253,228$79,256$468,078
10$840,590$268,038$83,218$489,333
11$882,619$283,589$87,379$511,651
12$926,750$299,918$91,748$535,084
13$973,088$317,063$96,336$559,689
14$1,021,742$335,065$101,152$585,525
15$1,072,829$353,967$106,210$612,652
16$1,126,471$373,814$111,521$641,136
17$1,182,794$394,654$117,097$671,043
18$1,241,934$416,536$122,951$702,447
19$1,304,031$439,512$129,099$735,420
20$1,369,232$463,636$135,554$770,042
21$1,437,694$488,967$142,332$806,395
22$1,509,578$515,564$149,448$844,566
23$1,585,057$543,491$156,921$884,645
24$1,664,310$572,815$164,767$926,728
25$1,747,526$603,605$173,005$970,916
26$1,834,902$635,934$181,655$1,017,313
27$1,926,647$669,880$190,738$1,066,029
28$2,022,980$705,523$200,275$1,117,182
29$2,124,128$742,948$210,289$1,170,892
30$2,230,335$782,244$220,803$1,227,288
Total$36,000,000$12,034,024$3,564,000$20,401,974

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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.