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Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$542,936$156,460$881,005
2$1,659,421$572,173$164,283$922,965
3$1,742,392$602,873$172,497$967,022
4$1,829,511$635,107$181,122$1,013,283
5$1,920,987$668,953$190,178$1,061,856
6$2,017,036$704,491$199,687$1,112,858
7$2,117,888$741,806$209,671$1,166,411
8$2,223,783$780,987$220,154$1,222,641
9$2,334,972$822,127$231,162$1,281,682
10$2,451,720$865,324$242,720$1,343,676
11$2,574,306$910,681$254,856$1,408,769
12$2,703,022$958,306$267,599$1,477,117
13$2,838,173$1,008,312$280,979$1,548,882
14$2,980,081$1,060,818$295,028$1,624,235
15$3,129,085$1,115,949$309,779$1,703,357
16$3,285,540$1,173,837$325,268$1,786,434
17$3,449,816$1,234,620$341,532$1,873,665
18$3,622,307$1,298,441$358,608$1,965,257
19$3,803,423$1,365,454$376,539$2,061,430
20$3,993,594$1,435,817$395,366$2,162,411
21$4,193,273$1,509,699$415,134$2,268,440
22$4,402,937$1,587,275$435,891$2,379,772
23$4,623,084$1,668,729$457,685$2,496,670
24$4,854,238$1,754,256$480,570$2,619,413
25$5,096,950$1,844,059$504,598$2,748,293
26$5,351,798$1,938,353$529,828$2,883,617
27$5,619,388$2,037,361$556,319$3,025,707
28$5,900,357$2,141,320$584,135$3,174,902
29$6,195,375$2,250,476$613,342$3,331,556
30$6,505,144$2,365,091$644,009$3,496,043
Total$105,000,000$37,595,631$10,394,999$57,009,369

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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.