USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 11, 2013

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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 $55,000,000 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:Fri, Jan 11, 2013
Jackpot:$55,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$269,252$81,955$476,622
2$869,220$284,567$86,053$498,601
3$912,681$300,647$90,355$521,679
4$958,315$317,532$94,873$545,911
5$1,006,231$335,261$99,617$571,354
6$1,056,543$353,876$104,598$598,069
7$1,109,370$373,422$109,828$626,120
8$1,164,838$393,945$115,319$655,574
9$1,223,080$415,495$121,085$686,501
10$1,284,234$438,122$127,139$718,973
11$1,348,446$461,880$133,496$753,070
12$1,415,868$486,826$140,171$788,871
13$1,486,662$513,020$147,180$826,462
14$1,560,995$540,523$154,538$865,933
15$1,639,045$569,402$162,265$907,378
16$1,720,997$599,724$170,379$950,894
17$1,807,047$631,562$178,898$996,587
18$1,897,399$664,993$187,843$1,044,564
19$1,992,269$700,095$197,235$1,094,940
20$2,091,882$736,952$207,096$1,147,835
21$2,196,477$775,651$217,451$1,203,374
22$2,306,300$816,286$228,324$1,261,691
23$2,421,615$858,953$239,740$1,322,923
24$2,542,696$903,753$251,727$1,387,217
25$2,669,831$950,792$264,313$1,454,725
26$2,803,323$1,000,184$277,529$1,525,609
27$2,943,489$1,052,046$291,405$1,600,038
28$3,090,663$1,106,500$305,976$1,678,187
29$3,245,196$1,163,678$321,274$1,760,244
30$3,407,456$1,223,714$337,338$1,846,404
Total$55,000,000$19,238,653$5,445,000$30,316,350

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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.