USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 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 $131,000,000 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, Sep 2, 2005
Jackpot:$131,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,971,738$685,500$195,202$1,091,036
2$2,070,325$721,977$204,962$1,143,385
3$2,173,841$760,278$215,210$1,198,352
4$2,282,533$800,495$225,971$1,256,068
5$2,396,660$842,721$237,269$1,316,669
6$2,516,493$887,060$249,133$1,380,300
7$2,642,318$933,615$261,589$1,447,113
8$2,774,433$982,498$274,669$1,517,267
9$2,913,155$1,033,825$288,402$1,590,928
10$3,058,813$1,087,718$302,822$1,668,272
11$3,211,753$1,144,306$317,964$1,749,484
12$3,372,341$1,203,723$333,862$1,834,756
13$3,540,958$1,266,112$350,555$1,924,292
14$3,718,006$1,331,620$368,083$2,018,304
15$3,903,906$1,400,403$386,487$2,117,017
16$4,099,102$1,472,625$405,811$2,220,666
17$4,304,057$1,548,458$426,102$2,329,497
18$4,519,260$1,628,083$447,407$2,443,770
19$4,745,223$1,711,690$469,777$2,563,756
20$4,982,484$1,799,476$493,266$2,689,742
21$5,231,608$1,891,652$517,929$2,822,027
22$5,493,188$1,988,437$543,826$2,960,926
23$5,767,848$2,090,061$571,017$3,106,770
24$6,056,240$2,196,766$599,568$3,259,906
25$6,359,052$2,308,807$629,546$3,420,699
26$6,677,005$2,426,449$661,023$3,589,532
27$7,010,855$2,549,974$694,075$3,766,807
28$7,361,398$2,679,674$728,778$3,952,945
29$7,729,468$2,815,860$765,217$4,148,390
30$8,115,941$2,958,855$803,478$4,353,607
Total$131,000,000$47,148,718$12,969,000$70,882,283

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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.