USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Sep 20, 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 $47,000,000 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, Sep 20, 2024
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$219,932$70,034$417,451
2$742,788$233,019$73,536$436,233
3$779,928$246,761$77,213$455,954
4$818,924$261,190$81,073$476,661
5$859,870$276,340$85,127$498,403
6$902,864$292,247$89,384$521,233
7$948,007$308,950$93,853$545,204
8$995,407$326,488$98,545$570,374
9$1,045,178$344,904$103,473$596,802
10$1,097,437$364,239$108,646$624,551
11$1,152,308$384,542$114,079$653,688
12$1,209,924$405,860$119,782$684,282
13$1,270,420$428,243$125,772$716,405
14$1,333,941$451,746$132,060$750,135
15$1,400,638$476,424$138,663$785,551
16$1,470,670$502,336$145,596$822,738
17$1,544,204$529,543$152,876$861,784
18$1,621,414$558,111$160,520$902,783
19$1,702,484$588,107$168,546$945,831
20$1,787,609$619,603$176,973$991,032
21$1,876,989$652,674$185,822$1,038,493
22$1,970,839$687,398$195,113$1,088,328
23$2,069,380$723,859$204,869$1,140,653
24$2,172,849$762,142$215,112$1,195,595
25$2,281,492$802,340$225,868$1,253,284
26$2,395,567$844,547$237,161$1,313,858
27$2,515,345$888,865$249,019$1,377,460
28$2,641,112$935,399$261,470$1,444,243
29$2,773,168$984,260$274,544$1,514,364
30$2,911,826$1,035,563$288,271$1,587,992
Total$47,000,000$16,135,632$4,653,000$26,211,365

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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.