USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2017

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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 $15,000,000 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 26, 2017
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,310$22,351$154,110
2$237,060$52,922$23,469$160,669
3$248,913$56,715$24,642$167,556
4$261,359$61,023$25,875$174,461
5$274,427$65,597$27,168$181,662
6$288,148$70,399$28,527$189,222
7$302,555$75,442$29,953$197,161
8$317,683$80,736$31,451$205,496
9$333,567$86,296$33,023$214,248
10$350,246$92,133$34,674$223,438
11$367,758$98,263$36,408$233,087
12$386,146$104,698$38,228$243,219
13$405,453$111,456$40,140$253,857
14$425,726$118,551$42,147$265,028
15$447,012$126,002$44,254$276,756
16$469,363$133,824$46,467$289,072
17$492,831$142,038$48,790$302,003
18$517,472$150,663$51,230$315,580
19$543,346$159,718$53,791$329,836
20$570,513$169,227$56,481$344,806
21$599,039$179,211$59,305$360,523
22$628,991$189,747$62,270$376,974
23$660,441$201,383$65,384$393,674
24$693,463$213,601$68,653$411,208
25$728,136$226,430$72,085$429,620
26$764,543$239,901$75,690$448,952
27$802,770$254,045$79,474$469,250
28$842,908$268,896$83,448$490,564
29$885,054$284,490$87,620$512,943
30$929,306$300,864$92,001$536,441
Total$15,000,000$4,363,581$1,484,999$9,151,416

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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.