USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for May 29, 2020

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The tax information provided here is based on 2021 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 $336,000,000 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 prize money, as well as deductions claimed.

State:

Oregon

Drawing Date:Fri, May 29, 2020
Jackpot:$336,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,057,282$1,835,267$500,671$2,721,345
2$5,310,146$1,928,826$525,704$2,855,615
3$5,575,654$2,027,064$551,990$2,996,600
4$5,854,436$2,130,214$579,589$3,144,634
5$6,147,158$2,238,521$608,569$3,300,069
6$6,454,516$2,352,243$638,997$3,463,276
7$6,777,242$2,471,652$670,947$3,634,643
8$7,116,104$2,597,031$704,494$3,814,579
9$7,471,909$2,728,679$739,719$4,003,512
10$7,845,505$2,866,909$776,705$4,201,891
11$8,237,780$3,012,051$815,540$4,410,189
12$8,649,669$3,164,450$856,317$4,628,902
13$9,082,152$3,324,469$899,133$4,858,551
14$9,536,260$3,492,488$944,090$5,099,682
15$10,013,073$3,668,909$991,294$5,352,869
16$10,513,727$3,854,151$1,040,859$5,618,717
17$11,039,413$4,048,655$1,092,902$5,897,856
18$11,591,383$4,252,884$1,147,547$6,190,952
19$12,170,953$4,467,325$1,204,924$6,498,704
20$12,779,500$4,692,487$1,265,171$6,821,842
21$13,418,475$4,928,908$1,328,429$7,161,138
22$14,089,399$5,177,150$1,394,850$7,517,399
23$14,793,869$5,437,804$1,464,593$7,891,472
24$15,533,562$5,711,490$1,537,823$8,284,249
25$16,310,240$5,998,861$1,614,714$8,696,665
26$17,125,753$6,300,601$1,695,450$9,129,702
27$17,982,040$6,617,427$1,780,222$9,584,391
28$18,881,142$6,950,095$1,869,233$10,061,814
29$19,825,199$7,299,396$1,962,695$10,563,109
30$20,816,459$7,666,162$2,060,829$11,089,468
Total$336,000,001$123,242,169$33,264,000$179,493,835

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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.