USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 1, 2006

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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 $83,000,000 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 1, 2006
Jackpot:$83,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,249,269$418,187$123,678$707,405
2$1,311,733$441,298$129,862$740,573
3$1,377,319$465,565$136,355$775,399
4$1,446,185$491,046$143,172$811,967
5$1,518,494$517,800$150,331$850,363
6$1,594,419$545,892$157,847$890,679
7$1,674,140$575,389$165,740$933,011
8$1,757,847$606,361$174,027$977,460
9$1,845,739$638,881$182,728$1,024,130
10$1,938,026$673,027$191,865$1,073,135
11$2,034,928$708,881$201,458$1,124,589
12$2,136,674$746,527$211,531$1,178,617
13$2,243,508$786,055$222,107$1,235,345
14$2,355,683$827,560$233,213$1,294,911
15$2,473,467$871,140$244,873$1,357,454
16$2,597,141$916,899$257,117$1,423,125
17$2,726,998$964,946$269,973$1,492,079
18$2,863,348$1,015,396$283,471$1,564,480
19$3,006,515$1,068,368$297,645$1,640,502
20$3,156,841$1,123,988$312,527$1,720,325
21$3,314,683$1,182,390$328,154$1,804,139
22$3,480,417$1,243,712$344,561$1,892,144
23$3,654,438$1,308,099$361,789$1,984,549
24$3,837,160$1,375,706$379,879$2,081,575
25$4,029,018$1,446,694$398,873$2,183,451
26$4,230,469$1,521,231$418,816$2,290,422
27$4,441,992$1,599,494$439,757$2,402,741
28$4,664,092$1,681,671$461,745$2,520,675
29$4,897,296$1,767,957$484,832$2,644,507
30$5,142,161$1,858,557$509,074$2,774,530
Total$83,000,000$29,388,717$8,217,000$45,394,282

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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.