USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Nov 11, 2005

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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 $262,000,000 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, Nov 11, 2005
Jackpot:$262,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,943,476$1,415,043$390,404$2,138,028
2$4,140,650$1,487,998$409,924$2,242,728
3$4,347,682$1,564,600$430,421$2,352,662
4$4,565,067$1,645,032$451,942$2,468,093
5$4,793,320$1,729,486$474,539$2,589,295
6$5,032,986$1,818,162$498,266$2,716,558
7$5,284,635$1,911,272$523,179$2,850,184
8$5,548,867$2,009,038$549,338$2,990,491
9$5,826,310$2,111,692$576,805$3,137,813
10$6,117,626$2,219,479$605,645$3,292,502
11$6,423,507$2,332,655$635,927$3,454,925
12$6,744,682$2,451,490$667,724$3,625,469
13$7,081,916$2,576,266$701,110$3,804,540
14$7,436,012$2,707,282$736,165$3,992,565
15$7,807,813$2,844,848$772,973$4,189,991
16$8,198,203$2,989,293$811,622$4,397,289
17$8,608,113$3,140,959$852,203$4,614,951
18$9,038,519$3,300,209$894,813$4,843,496
19$9,490,445$3,467,422$939,554$5,083,469
20$9,964,967$3,642,995$986,532$5,335,440
21$10,463,216$3,827,347$1,035,858$5,600,010
22$10,986,377$4,020,917$1,087,651$5,877,809
23$11,535,695$4,224,165$1,142,034$6,169,497
24$12,112,480$4,437,575$1,199,136$6,475,770
25$12,718,104$4,661,656$1,259,092$6,797,356
26$13,354,010$4,896,941$1,322,047$7,135,022
27$14,021,710$5,143,990$1,388,149$7,489,571
28$14,722,795$5,403,391$1,457,557$7,861,847
29$15,458,935$5,675,763$1,530,435$8,252,737
30$16,231,882$5,961,754$1,606,956$8,663,172
Total$262,000,001$95,618,720$25,938,001$140,443,280

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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.