USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 2021

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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 $625,000,000 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:Tue, Jan 12, 2021
Jackpot:$625,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,407,147$3,444,717$931,308$5,031,123
2$9,877,504$3,618,749$977,873$5,280,883
3$10,371,379$3,801,483$1,026,767$5,543,130
4$10,889,949$3,993,353$1,078,105$5,818,491
5$11,434,446$4,194,817$1,132,010$6,107,618
6$12,006,168$4,406,354$1,188,611$6,411,203
7$12,606,477$4,628,469$1,248,041$6,729,967
8$13,236,801$4,861,688$1,310,443$7,064,669
9$13,898,641$5,106,569$1,375,965$7,416,106
10$14,593,573$5,363,694$1,444,764$7,785,115
11$15,323,251$5,633,675$1,517,002$8,172,574
12$16,089,414$5,917,155$1,592,852$8,579,406
13$16,893,884$6,214,809$1,672,495$9,006,580
14$17,738,579$6,527,346$1,756,119$9,455,113
15$18,625,508$6,855,510$1,843,925$9,926,072
16$19,556,783$7,200,082$1,936,122$10,420,580
17$20,534,622$7,561,882$2,032,928$10,939,812
18$21,561,353$7,941,773$2,134,574$11,485,006
19$22,639,421$8,340,658$2,241,303$12,057,460
20$23,771,392$8,759,487$2,353,368$12,658,537
21$24,959,961$9,199,258$2,471,036$13,289,667
22$26,207,959$9,661,017$2,594,588$13,952,354
23$27,518,358$10,145,865$2,724,317$14,648,176
24$28,894,275$10,654,954$2,860,533$15,378,788
25$30,338,989$11,189,498$3,003,560$16,145,931
26$31,855,939$11,750,770$3,153,738$16,951,431
27$33,448,736$12,340,104$3,311,425$17,797,206
28$35,121,172$12,958,906$3,476,996$18,685,270
29$36,877,231$13,608,648$3,650,846$19,617,737
30$38,721,093$14,290,876$3,833,388$20,596,828
Total$625,000,001$230,172,166$61,875,002$332,952,833

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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.