USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Dec 17, 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 $648,000,000 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, Dec 17, 2013
Jackpot:$648,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,753,330$3,564,689$965,580$5,223,061
2$10,240,997$3,745,126$1,013,859$5,482,012
3$10,753,046$3,934,584$1,064,552$5,753,910
4$11,290,699$4,133,516$1,117,779$6,039,404
5$11,855,233$4,342,394$1,173,668$6,339,172
6$12,447,995$4,561,715$1,232,352$6,653,928
7$13,070,395$4,792,003$1,293,969$6,984,423
8$13,723,915$5,033,806$1,358,668$7,331,442
9$14,410,111$5,287,698$1,426,601$7,695,811
10$15,130,616$5,554,285$1,497,931$8,078,400
11$15,887,147$5,834,202$1,572,828$8,480,118
12$16,681,504$6,128,114$1,651,469$8,901,921
13$17,515,579$6,436,722$1,734,042$9,344,815
14$18,391,358$6,760,760$1,820,744$9,809,854
15$19,310,926$7,101,000$1,911,782$10,298,145
16$20,276,473$7,458,252$2,007,371$10,810,850
17$21,290,296$7,833,367$2,107,739$11,349,190
18$22,354,811$8,227,237$2,213,126$11,914,447
19$23,472,551$8,640,801$2,323,783$12,507,967
20$24,646,179$9,075,044$2,439,972$13,131,164
21$25,878,488$9,530,998$2,561,970$13,785,520
22$27,172,412$10,009,750$2,690,069$14,472,594
23$28,531,033$10,512,439$2,824,572$15,194,021
24$29,957,584$11,040,263$2,965,801$15,951,520
25$31,455,464$11,594,479$3,114,091$16,746,894
26$33,028,237$12,176,405$3,269,795$17,582,037
27$34,679,649$12,787,427$3,433,285$18,458,936
28$36,413,631$13,429,001$3,604,949$19,379,681
29$38,234,313$14,102,653$3,785,197$20,346,463
30$40,146,029$14,809,988$3,974,457$21,361,584
Total$648,000,001$238,438,718$64,152,001$345,409,284

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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.