USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $33,000,000 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 5, 2014
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$49,173$303,305
2$521,532$152,911$51,632$316,990
3$547,609$162,038$54,213$331,358
4$574,989$171,621$56,924$346,444
5$603,739$181,683$59,770$362,285
6$633,926$192,740$62,759$378,427
7$665,622$204,468$65,897$395,258
8$698,903$216,782$69,191$412,930
9$733,848$229,712$72,651$431,486
10$770,541$243,288$76,284$450,969
11$809,068$257,543$80,098$471,427
12$849,521$272,511$84,103$492,908
13$891,997$288,227$88,308$515,463
14$936,597$304,729$92,723$539,145
15$983,427$322,056$97,359$564,012
16$1,032,598$340,249$102,227$590,122
17$1,084,228$359,352$107,339$617,537
18$1,138,439$379,410$112,706$646,324
19$1,195,361$400,471$118,341$676,549
20$1,255,129$422,586$124,258$708,286
21$1,317,886$445,806$130,471$741,610
22$1,383,780$470,186$136,994$776,600
23$1,452,969$495,786$143,844$813,339
24$1,525,618$522,666$151,036$851,915
25$1,601,899$550,890$158,588$892,420
26$1,681,994$580,525$166,517$934,951
27$1,766,093$611,642$174,843$979,608
28$1,854,398$644,315$183,585$1,026,498
29$1,947,118$678,621$192,765$1,075,732
30$2,044,474$714,643$202,403$1,127,428
Total$33,000,000$10,961,676$3,267,002$18,771,326

◄ 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.