USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Nov 26, 2010

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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 $42,000,000 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 26, 2010
Jackpot:$42,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$632,160$190,025$62,584$379,551
2$663,768$201,552$65,713$396,504
3$696,957$213,831$68,999$414,127
4$731,805$226,725$72,449$432,631
5$768,395$240,263$76,071$452,060
6$806,814$254,479$79,875$472,461
7$847,155$269,405$83,868$493,882
8$889,513$285,077$88,062$516,374
9$933,989$301,533$92,465$539,991
10$980,688$318,812$97,088$564,788
11$1,029,722$336,955$101,943$590,825
12$1,081,209$356,004$107,040$618,165
13$1,135,269$376,007$112,392$646,871
14$1,192,032$397,009$118,011$677,012
15$1,251,634$419,062$123,912$708,660
16$1,314,216$442,217$130,107$741,891
17$1,379,927$466,530$136,613$776,784
18$1,448,923$492,059$143,443$813,421
19$1,521,369$518,864$150,616$851,890
20$1,597,438$547,009$158,146$892,282
21$1,677,309$576,562$166,054$934,694
22$1,761,175$607,592$174,356$979,227
23$1,849,234$640,174$183,074$1,025,986
24$1,941,695$674,385$192,228$1,075,083
25$2,038,780$710,306$201,839$1,126,635
26$2,140,719$748,023$211,931$1,180,765
27$2,247,755$787,627$222,528$1,237,601
28$2,360,143$829,210$233,654$1,297,279
29$2,478,150$872,873$245,337$1,359,940
30$2,602,057$918,718$257,604$1,425,735
Total$42,000,000$14,218,888$4,158,002$23,623,115

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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.