USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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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 $401,000,000 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, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$597,527$3,246,729
2$6,337,407$2,303,028$627,403$3,406,975
3$6,654,277$2,420,270$658,773$3,575,233
4$6,986,991$2,543,374$691,712$3,751,905
5$7,336,340$2,672,634$726,298$3,937,409
6$7,703,157$2,808,356$762,613$4,132,189
7$8,088,316$2,950,865$800,743$4,336,708
8$8,492,731$3,100,498$840,780$4,551,453
9$8,917,368$3,257,614$882,819$4,776,935
10$9,363,236$3,422,585$926,960$5,013,691
11$9,831,398$3,595,805$973,308$5,262,285
12$10,322,968$3,777,686$1,021,974$5,523,308
13$10,839,116$3,968,661$1,073,073$5,797,383
14$11,381,072$4,169,184$1,126,726$6,085,162
15$11,950,126$4,379,734$1,183,062$6,387,329
16$12,547,632$4,600,812$1,242,216$6,704,605
17$13,175,013$4,832,943$1,304,326$7,037,744
18$13,833,764$5,076,680$1,369,543$7,387,541
19$14,525,452$5,332,605$1,438,020$7,754,827
20$15,251,725$5,601,326$1,509,921$8,140,478
21$16,014,311$5,883,483$1,585,417$8,545,411
22$16,815,027$6,179,748$1,664,688$8,970,591
23$17,655,778$6,490,826$1,747,922$9,417,030
24$18,538,567$6,817,457$1,835,318$9,885,791
25$19,465,495$7,160,421$1,927,084$10,377,990
26$20,438,770$7,520,533$2,023,438$10,894,799
27$21,460,709$7,898,650$2,124,610$11,437,449
28$22,533,744$8,295,673$2,230,841$12,007,230
29$23,660,431$8,712,547$2,342,383$12,605,501
30$24,843,453$9,150,265$2,459,502$13,233,686
Total$401,000,001$147,115,632$39,699,000$214,185,367

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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.