USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Mar 4, 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 $10,000,000 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 4, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$28,721$14,901$106,892
2$158,040$30,528$15,646$111,866
3$165,942$32,424$16,428$117,090
4$174,239$34,415$17,250$122,574
5$182,951$36,506$18,112$128,333
6$192,099$38,702$19,018$134,379
7$201,704$41,007$19,969$140,728
8$211,789$44,228$20,967$146,593
9$222,378$47,617$22,015$152,746
10$233,497$51,175$23,116$159,206
11$245,172$54,911$24,272$165,989
12$257,431$58,870$25,486$173,075
13$270,302$63,375$26,760$180,167
14$283,817$68,105$28,098$187,614
15$298,008$73,072$29,503$195,433
16$312,909$78,287$30,978$203,643
17$328,554$83,763$32,527$212,264
18$344,982$89,513$34,153$221,316
19$362,231$95,550$35,861$230,820
20$380,342$101,889$37,654$240,799
21$399,359$108,545$39,537$251,278
22$419,327$115,534$41,513$262,280
23$440,294$122,872$43,589$273,833
24$462,308$130,577$45,769$285,963
25$485,424$138,668$48,057$298,699
26$509,695$147,163$50,460$312,073
27$535,180$156,082$52,983$326,115
28$561,939$165,448$55,632$340,859
29$590,036$175,282$58,414$356,340
30$619,537$185,607$61,334$372,596
Total$10,000,000$2,598,436$990,002$6,411,563

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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.