USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Aug 6, 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 $20,000,000 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, Aug 6, 2013
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,113$29,802$192,114
2$316,080$84,381$31,292$200,407
3$331,884$89,912$32,857$209,115
4$348,478$95,720$34,499$218,259
5$365,902$101,819$36,224$227,859
6$384,197$108,222$38,036$237,940
7$403,407$114,946$39,937$248,524
8$423,578$122,005$41,934$259,638
9$444,757$129,418$44,031$271,308
10$466,994$137,201$46,232$283,561
11$490,344$145,373$48,544$296,427
12$514,861$153,954$50,971$309,936
13$540,604$162,979$53,520$324,106
14$567,635$172,980$56,196$338,459
15$596,016$183,481$59,006$353,530
16$625,817$194,507$61,956$369,354
17$657,108$206,085$65,054$385,969
18$689,963$218,241$68,306$403,416
19$724,461$231,006$71,722$421,734
20$760,685$244,408$75,308$440,968
21$798,719$258,481$79,073$461,165
22$838,655$273,257$83,027$482,371
23$880,587$288,772$87,178$504,637
24$924,617$305,063$91,537$528,017
25$970,848$322,169$96,114$552,565
26$1,019,390$340,129$100,920$578,341
27$1,070,360$358,988$105,966$605,406
28$1,123,878$378,790$111,264$633,824
29$1,180,071$399,581$116,827$663,663
30$1,239,075$421,413$122,668$694,994
Total$20,000,000$6,322,394$1,980,001$11,697,607

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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.