USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

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The tax information provided here is based on 2025 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 $93,000,000 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:Fri, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$474,940$138,579$786,265
2$1,469,773$500,836$145,507$823,429
3$1,543,261$528,027$152,783$862,451
4$1,620,424$556,577$160,422$903,425
5$1,701,446$586,555$168,443$946,447
6$1,786,518$618,032$176,865$991,621
7$1,875,844$651,082$185,709$1,039,053
8$1,969,636$685,786$194,994$1,088,856
9$2,068,118$722,224$204,744$1,141,150
10$2,171,524$760,484$214,981$1,196,059
11$2,280,100$800,657$225,730$1,253,713
12$2,394,105$842,839$237,016$1,314,249
13$2,513,810$887,130$248,867$1,377,813
14$2,639,501$933,635$261,311$1,444,555
15$2,771,476$982,466$274,376$1,514,633
16$2,910,049$1,033,739$288,095$1,588,216
17$3,055,552$1,087,574$302,500$1,665,478
18$3,208,329$1,144,102$317,625$1,746,603
19$3,368,746$1,203,456$333,506$1,831,784
20$3,537,183$1,265,778$350,181$1,921,224
21$3,714,042$1,331,216$367,690$2,015,136
22$3,899,744$1,399,926$386,075$2,113,744
23$4,094,732$1,472,071$405,378$2,217,282
24$4,299,468$1,547,823$425,647$2,325,997
25$4,514,442$1,627,364$446,930$2,440,148
26$4,740,164$1,710,881$469,276$2,560,007
27$4,977,172$1,798,574$492,740$2,685,858
28$5,226,030$1,890,651$517,377$2,818,002
29$5,487,332$1,987,333$543,246$2,956,753
30$5,761,699$2,088,849$570,408$3,102,442
Total$93,000,000$33,120,607$9,207,001$50,672,393

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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.