USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 4, 2011

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The tax information provided here is based on 2022 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 $380,000,000 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 prize money, as well as deductions claimed.

State:

Oregon

Drawing Date:Tue, Jan 4, 2011
Jackpot:$380,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,079,187$566,235$3,074,124
2$6,005,523$2,184,998$594,547$3,225,978
3$6,305,799$2,296,101$624,274$3,385,424
4$6,621,089$2,412,758$655,488$3,552,843
5$6,952,143$2,535,248$688,262$3,728,633
6$7,299,750$2,663,863$722,675$3,913,212
7$7,664,738$2,798,908$758,809$4,107,021
8$8,047,975$2,940,706$796,750$4,310,520
9$8,450,374$3,089,593$836,587$4,524,193
10$8,872,892$3,245,925$878,416$4,748,551
11$9,316,537$3,410,074$922,337$4,984,126
12$9,782,364$3,582,430$968,454$5,231,480
13$10,271,482$3,763,403$1,016,877$5,491,202
14$10,785,056$3,953,426$1,067,721$5,763,910
15$11,324,309$4,152,949$1,121,107$6,050,253
16$11,890,524$4,362,449$1,177,162$6,350,913
17$12,485,050$4,582,424$1,236,020$6,666,607
18$13,109,303$4,813,397$1,297,821$6,998,085
19$13,764,768$5,055,919$1,362,712$7,346,137
20$14,453,006$5,310,567$1,430,848$7,711,591
21$15,175,656$5,577,948$1,502,390$8,095,319
22$15,934,439$5,858,698$1,577,509$8,498,232
23$16,731,161$6,153,485$1,656,385$8,921,292
24$17,567,719$6,463,011$1,739,204$9,365,504
25$18,446,105$6,788,014$1,826,164$9,831,927
26$19,368,411$7,129,267$1,917,473$10,321,671
27$20,336,831$7,487,583$2,013,346$10,835,902
28$21,353,673$7,863,814$2,114,014$11,375,845
29$22,421,356$8,258,857$2,219,714$11,942,785
30$23,542,424$8,673,652$2,330,700$12,538,072
Total$380,000,001$139,488,654$37,620,001$202,891,352

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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.