USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 2007

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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 $106,000,000 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:Tue, Feb 13, 2007
Jackpot:$106,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,595,452$546,275$157,950$891,228
2$1,675,225$575,790$165,847$933,587
3$1,758,986$606,782$174,140$978,064
4$1,846,935$639,323$182,847$1,024,765
5$1,939,282$673,492$191,989$1,073,801
6$2,036,246$709,368$201,588$1,125,289
7$2,138,058$747,039$211,668$1,179,352
8$2,244,961$786,593$222,251$1,236,117
9$2,357,209$828,125$233,364$1,295,721
10$2,475,070$871,733$245,032$1,358,305
11$2,598,823$917,522$257,284$1,424,018
12$2,728,765$965,600$270,148$1,493,017
13$2,865,203$1,016,082$283,655$1,565,465
14$3,008,463$1,069,089$297,838$1,641,537
15$3,158,886$1,124,745$312,730$1,721,411
16$3,316,830$1,183,185$328,366$1,805,280
17$3,482,672$1,244,546$344,785$1,893,342
18$3,656,805$1,308,975$362,024$1,985,806
19$3,839,646$1,376,626$380,125$2,082,895
20$4,031,628$1,447,660$399,131$2,184,837
21$4,233,209$1,522,245$419,088$2,291,877
22$4,444,870$1,600,559$440,042$2,404,269
23$4,667,113$1,682,789$462,044$2,522,280
24$4,900,469$1,769,131$485,146$2,646,192
25$5,145,492$1,859,789$509,404$2,776,299
26$5,402,767$1,954,981$534,874$2,912,912
27$5,672,906$2,054,932$561,618$3,056,356
28$5,956,551$2,159,881$589,699$3,206,971
29$6,254,378$2,270,077$619,183$3,365,118
30$6,567,097$2,385,783$650,143$3,531,171
Total$106,000,000$37,898,717$10,494,003$57,607,282

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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.