USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 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 $77,000,000 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, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$114,737$652,453
2$1,216,909$413,211$120,474$683,223
3$1,277,754$435,724$126,498$715,532
4$1,341,642$459,362$132,823$749,457
5$1,408,724$484,183$139,464$785,077
6$1,479,160$510,244$146,437$822,479
7$1,553,118$537,609$153,759$861,751
8$1,630,774$566,341$161,447$902,986
9$1,712,313$596,511$169,519$946,283
10$1,797,928$628,188$177,995$991,745
11$1,887,825$661,450$186,895$1,039,480
12$1,982,216$696,375$196,239$1,089,602
13$2,081,327$733,046$206,051$1,142,229
14$2,185,393$771,550$216,354$1,197,489
15$2,294,663$811,980$227,172$1,255,511
16$2,409,396$854,431$238,530$1,316,434
17$2,529,865$899,005$250,457$1,380,404
18$2,656,359$945,808$262,980$1,447,571
19$2,789,177$994,950$276,128$1,518,098
20$2,928,635$1,046,550$289,935$1,592,150
21$3,075,067$1,100,730$304,432$1,669,906
22$3,228,821$1,157,619$319,653$1,751,549
23$3,390,262$1,217,352$335,636$1,837,274
24$3,559,775$1,280,072$352,418$1,927,285
25$3,737,763$1,345,927$370,039$2,021,797
26$3,924,652$1,415,076$388,541$2,121,035
27$4,120,884$1,487,682$407,968$2,225,235
28$4,326,928$1,563,918$428,366$2,334,644
29$4,543,275$1,643,967$449,784$2,449,524
30$4,770,439$1,728,017$472,273$2,570,148
Total$77,000,000$27,378,648$7,623,004$41,998,351

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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.