USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$478,320$2,607,344
2$5,073,086$1,835,230$502,236$2,735,621
3$5,326,740$1,929,082$527,347$2,870,311
4$5,593,078$2,027,626$553,715$3,011,736
5$5,872,731$2,131,098$581,400$3,160,233
6$6,166,368$2,239,744$610,470$3,316,154
7$6,474,687$2,353,822$640,994$3,479,871
8$6,798,421$2,473,603$673,044$3,651,774
9$7,138,342$2,599,374$706,696$3,832,272
10$7,495,259$2,731,434$742,031$4,021,795
11$7,870,022$2,870,096$779,132$4,220,794
12$8,263,523$3,015,691$818,089$4,429,743
13$8,676,699$3,168,566$858,993$4,649,139
14$9,110,534$3,329,085$901,943$4,879,506
15$9,566,061$3,497,630$947,040$5,121,390
16$10,044,364$3,674,602$994,392$5,375,369
17$10,546,582$3,860,423$1,044,112$5,642,047
18$11,073,911$4,055,535$1,096,317$5,922,059
19$11,627,606$4,260,402$1,151,133$6,216,071
20$12,208,987$4,475,513$1,208,690$6,524,784
21$12,819,436$4,701,379$1,269,124$6,848,933
22$13,460,408$4,938,539$1,332,580$7,189,289
23$14,133,428$5,187,556$1,399,209$7,546,663
24$14,840,100$5,449,025$1,469,170$7,921,905
25$15,582,105$5,723,566$1,542,628$8,315,910
26$16,361,210$6,011,836$1,619,760$8,729,615
27$17,179,271$6,314,518$1,700,748$9,164,005
28$18,038,234$6,632,334$1,785,785$9,620,114
29$18,940,146$6,966,042$1,875,074$10,099,030
30$19,887,153$7,316,434$1,968,828$10,601,891
Total$321,000,001$117,515,632$31,779,000$171,705,368

◄ Back to Jackpot Analysis

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.