USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Mar 19, 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 $48,000,000 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 19, 2002
Jackpot:$48,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$722,469$224,334$71,524$426,611
2$758,592$237,699$75,101$445,792
3$796,522$251,733$78,856$465,933
4$836,348$266,469$82,798$487,081
5$878,165$281,941$86,938$509,286
6$922,074$298,188$91,285$532,601
7$968,177$315,246$95,850$557,082
8$1,016,586$333,157$100,642$582,787
9$1,067,416$351,964$105,674$609,777
10$1,120,786$371,711$110,958$638,117
11$1,176,826$392,446$116,506$667,874
12$1,235,667$414,217$122,331$699,119
13$1,297,450$437,077$128,448$731,926
14$1,362,323$461,080$134,870$766,373
15$1,430,439$486,283$141,613$802,543
16$1,501,961$512,746$148,694$840,521
17$1,577,059$540,532$156,129$880,398
18$1,655,912$569,708$163,935$922,269
19$1,738,708$600,342$172,132$966,233
20$1,825,643$632,508$180,739$1,012,396
21$1,916,925$666,283$189,776$1,060,867
22$2,012,771$701,746$199,264$1,111,761
23$2,113,410$738,982$209,228$1,165,200
24$2,219,080$778,080$219,689$1,221,311
25$2,330,034$819,133$230,673$1,280,228
26$2,446,536$862,239$242,207$1,342,090
27$2,568,863$907,500$254,317$1,407,046
28$2,697,306$955,023$267,033$1,475,249
29$2,832,171$1,004,924$280,385$1,546,863
30$2,973,780$1,057,319$294,404$1,622,057
Total$48,000,000$16,470,610$4,751,999$26,777,391

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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.