USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Mar 29, 2002

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The tax information provided here is based on 2026 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 $76,000,000 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, Mar 29, 2002
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$379,204$113,247$651,458
2$1,201,105$400,366$118,909$681,829
3$1,261,160$422,586$124,855$713,719
4$1,324,218$445,918$131,098$747,202
5$1,390,429$470,416$137,652$782,360
6$1,459,950$496,139$144,535$819,276
7$1,532,948$523,148$151,762$858,038
8$1,609,595$551,507$159,350$898,738
9$1,690,075$581,285$167,317$941,472
10$1,774,578$612,551$175,683$986,344
11$1,863,307$645,381$184,467$1,033,459
12$1,956,473$679,852$193,691$1,082,930
13$2,054,296$716,047$203,375$1,134,874
14$2,157,011$754,051$213,544$1,189,416
15$2,264,862$793,956$224,221$1,246,684
16$2,378,105$835,856$235,432$1,306,816
17$2,497,010$879,851$247,204$1,369,955
18$2,621,861$926,046$259,564$1,436,251
19$2,752,954$974,550$272,542$1,505,861
20$2,890,601$1,025,480$286,170$1,578,952
21$3,035,131$1,078,956$300,478$1,655,697
22$3,186,888$1,135,106$315,502$1,736,280
23$3,346,232$1,194,063$331,277$1,820,892
24$3,513,544$1,255,968$347,841$1,909,735
25$3,689,221$1,320,969$365,233$2,003,019
26$3,873,682$1,389,220$383,495$2,100,968
27$4,067,366$1,460,883$402,669$2,203,814
28$4,270,735$1,536,129$422,803$2,311,803
29$4,484,271$1,615,138$443,943$2,425,191
30$4,708,485$1,698,097$466,140$2,544,248
Total$76,000,000$26,798,719$7,523,999$41,677,281

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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.