USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2014

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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 $120,000,000 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, Oct 3, 2014
Jackpot:$120,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,806,172$631,239$178,811$996,122
2$1,896,481$664,653$187,752$1,044,076
3$1,991,305$699,738$197,139$1,094,428
4$2,090,870$736,577$206,996$1,147,297
5$2,195,414$775,258$217,346$1,202,810
6$2,305,184$815,873$228,213$1,261,098
7$2,420,444$858,519$239,624$1,322,301
8$2,541,466$903,297$251,605$1,386,563
9$2,668,539$950,314$264,185$1,454,039
10$2,801,966$999,682$277,395$1,524,889
11$2,942,064$1,051,519$291,264$1,599,281
12$3,089,167$1,105,947$305,828$1,677,393
13$3,243,626$1,163,097$321,119$1,759,410
14$3,405,807$1,223,104$337,175$1,845,529
15$3,576,097$1,286,111$354,034$1,935,953
16$3,754,902$1,352,269$371,735$2,030,898
17$3,942,647$1,421,735$390,322$2,130,591
18$4,139,780$1,494,674$409,838$2,235,268
19$4,346,769$1,571,259$430,330$2,345,179
20$4,564,107$1,651,675$451,847$2,460,586
21$4,792,313$1,736,111$474,439$2,581,763
22$5,031,928$1,824,768$498,161$2,708,999
23$5,283,525$1,917,859$523,069$2,842,597
24$5,547,701$2,015,604$549,222$2,982,874
25$5,825,086$2,118,237$576,683$3,130,166
26$6,116,340$2,226,001$605,518$3,284,822
27$6,422,157$2,339,153$635,794$3,447,210
28$6,743,265$2,457,963$667,583$3,617,719
29$7,080,428$2,582,713$700,962$3,796,752
30$7,434,450$2,713,701$736,011$3,984,738
Total$120,000,000$43,288,650$11,880,000$64,831,351

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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.