USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 2013

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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 $80,000,000 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, Jan 22, 2013
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$401,480$119,207$683,428
2$1,264,321$423,756$125,168$715,397
3$1,327,537$447,146$131,426$748,965
4$1,393,913$471,705$137,997$784,211
5$1,463,609$497,493$144,897$821,219
6$1,536,790$524,569$152,142$860,078
7$1,613,629$553,000$159,749$900,880
8$1,694,310$582,852$167,737$943,722
9$1,779,026$614,197$176,124$988,706
10$1,867,977$647,109$184,930$1,035,939
11$1,961,376$681,666$194,176$1,085,533
12$2,059,445$717,952$203,885$1,137,608
13$2,162,417$756,052$214,079$1,192,286
14$2,270,538$796,056$224,783$1,249,698
15$2,384,065$838,061$236,022$1,309,981
16$2,503,268$882,166$247,824$1,373,278
17$2,628,432$928,477$260,215$1,439,740
18$2,759,853$977,103$273,225$1,509,525
19$2,897,846$1,028,160$286,887$1,582,799
20$3,042,738$1,081,770$301,231$1,659,737
21$3,194,875$1,138,061$316,293$1,740,521
22$3,354,619$1,197,166$332,107$1,825,345
23$3,522,350$1,259,227$348,713$1,914,410
24$3,698,467$1,324,390$366,148$2,007,929
25$3,883,391$1,392,812$384,456$2,106,123
26$4,077,560$1,464,655$403,678$2,209,227
27$4,281,438$1,540,089$423,862$2,317,486
28$4,495,510$1,619,296$445,055$2,431,159
29$4,720,286$1,702,463$467,308$2,550,514
30$4,956,300$1,789,788$490,674$2,675,838
Total$80,000,000$28,278,717$7,919,998$43,801,282

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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.