USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jun 23, 2017

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The tax information provided here is based on 2026 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 $134,000,000 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, Jun 23, 2017
Jackpot:$134,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,016,892$702,207$199,672$1,115,013
2$2,117,737$739,520$209,656$1,168,561
3$2,223,624$778,698$220,139$1,224,787
4$2,334,805$819,835$231,146$1,283,824
5$2,451,545$863,029$242,703$1,345,813
6$2,574,122$908,383$254,838$1,410,902
7$2,702,829$956,004$267,580$1,479,245
8$2,837,970$1,006,006$280,959$1,551,005
9$2,979,869$1,058,509$295,007$1,626,353
10$3,128,862$1,113,636$309,757$1,705,468
11$3,285,305$1,171,520$325,245$1,788,540
12$3,449,570$1,232,298$341,507$1,875,765
13$3,622,049$1,296,115$358,583$1,967,351
14$3,803,151$1,363,123$376,512$2,063,516
15$3,993,309$1,433,482$395,338$2,164,490
16$4,192,974$1,507,358$415,104$2,270,512
17$4,402,623$1,584,928$435,860$2,381,836
18$4,622,754$1,666,376$457,653$2,498,725
19$4,853,892$1,751,897$480,535$2,621,459
20$5,096,586$1,841,694$504,562$2,750,330
21$5,351,416$1,935,981$529,790$2,885,644
22$5,618,986$2,034,982$556,280$3,027,725
23$5,899,936$2,138,934$584,094$3,176,909
24$6,194,933$2,248,082$613,298$3,333,552
25$6,504,679$2,362,689$643,963$3,498,027
26$6,829,913$2,483,025$676,161$3,670,727
27$7,171,409$2,609,379$709,969$3,852,061
28$7,529,979$2,742,050$745,468$4,042,462
29$7,906,478$2,881,354$782,741$4,242,383
30$8,301,802$3,027,624$821,878$4,452,300
Total$134,000,000$48,258,718$13,265,998$72,475,285

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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.