USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Oct 4, 2024

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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 $108,000,000 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, Oct 4, 2024
Jackpot:$108,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,625,555$559,643$160,930$904,982
2$1,706,833$589,716$168,976$948,140
3$1,792,174$621,292$177,425$993,457
4$1,881,783$654,448$186,297$1,041,039
5$1,975,872$689,260$195,611$1,091,000
6$2,074,666$725,814$205,392$1,143,460
7$2,178,399$764,195$215,662$1,198,542
8$2,287,319$804,496$226,445$1,256,379
9$2,401,685$846,811$237,767$1,317,107
10$2,521,769$891,242$249,655$1,380,872
11$2,647,858$937,895$262,138$1,447,825
12$2,780,251$986,881$275,245$1,518,125
13$2,919,263$1,038,315$289,007$1,591,941
14$3,065,226$1,092,322$303,457$1,669,447
15$3,218,488$1,149,028$318,630$1,750,829
16$3,379,412$1,208,570$334,562$1,836,280
17$3,548,383$1,271,089$351,290$1,926,003
18$3,725,802$1,336,734$368,854$2,020,213
19$3,912,092$1,405,662$387,297$2,119,133
20$4,107,697$1,478,035$406,662$2,222,999
21$4,313,081$1,554,028$426,995$2,332,058
22$4,528,735$1,633,820$448,345$2,446,571
23$4,755,172$1,717,601$470,762$2,566,809
24$4,992,931$1,805,572$494,300$2,693,058
25$5,242,577$1,897,941$519,015$2,825,621
26$5,504,706$1,994,929$544,966$2,964,811
27$5,779,942$2,096,766$572,214$3,110,961
28$6,068,939$2,203,695$600,825$3,264,419
29$6,372,385$2,315,970$630,866$3,425,549
30$6,691,005$2,433,860$662,409$3,594,736
Total$108,000,000$38,705,630$10,691,999$58,602,366

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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.