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Oregon Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 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 $970,000,000 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.

Oregon

Federal Filing Status:

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $14,599,892 $5,366,032 $1,445,389 $7,788,470
2 $15,329,887 $5,636,130 $1,517,659 $8,176,098
3 $16,096,381 $5,919,733 $1,593,542 $8,583,106
4 $16,901,200 $6,217,516 $1,673,219 $9,010,465
5 $17,746,260 $6,530,188 $1,756,880 $9,459,192
6 $18,633,573 $6,858,494 $1,844,724 $9,930,355
7 $19,565,252 $7,203,216 $1,936,960 $10,425,077
8 $20,543,515 $7,565,173 $2,033,808 $10,944,534
9 $21,570,690 $7,945,228 $2,135,498 $11,489,964
10 $22,649,225 $8,344,285 $2,242,273 $12,062,666
11 $23,781,686 $8,763,296 $2,354,387 $12,664,003
12 $24,970,770 $9,203,257 $2,472,106 $13,295,407
13 $26,219,309 $9,665,216 $2,595,712 $13,958,381
14 $27,530,274 $10,150,274 $2,725,497 $14,654,503
15 $28,906,788 $10,659,584 $2,861,772 $15,385,432
16 $30,352,127 $11,194,359 $3,004,861 $16,152,907
17 $31,869,733 $11,755,874 $3,155,104 $16,958,756
18 $33,463,220 $12,345,464 $3,312,859 $17,804,898
19 $35,136,381 $12,964,533 $3,478,502 $18,693,346
20 $36,893,200 $13,614,556 $3,652,427 $19,626,217
21 $38,737,860 $14,297,080 $3,835,048 $20,605,731
22 $40,674,753 $15,013,731 $4,026,801 $21,634,222
23 $42,708,491 $15,766,214 $4,228,141 $22,714,136
24 $44,843,915 $16,556,321 $4,439,548 $23,848,047
25 $47,086,111 $17,385,933 $4,661,525 $25,038,652
26 $49,440,417 $18,257,027 $4,894,601 $26,288,789
27 $51,912,438 $19,171,674 $5,139,331 $27,601,432
28 $54,508,059 $20,132,054 $5,396,298 $28,979,707
29 $57,233,462 $21,140,453 $5,666,113 $30,426,896
30 $60,095,136 $22,199,272 $5,949,418 $31,946,445
Total $970,000,002 $357,822,167 $96,030,003 $516,147,834

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.

Mega Millions annuity chart shows the annual net payout a Oregon jackpot winner would get after federal and state taxes.

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The Oregon Lottery attempts to ensure that the winning numbers for each drawing areВ posted correctly on our website. However, posted numbers are unofficial. For official confirmation that an Oregon Lottery ticket is a winner, please have the ticket validated through a Lottery sales terminal at any retailer or at aВ Lottery office.В (OAR 177-070-0035)

The Oregon Lottery was created by voters in 1984. Proceeds from Lottery games have become an important funding source for programs that benefit Oregonians in every corner of the state.

Find all winning numbers and past results for Oregon's Game Megabucks ]]>