Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 5, 2026 is estimated to be $195 Million, with a cash option of 86.3 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Oregon, your state will take 8% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Oregon MEGA Millions Jackpot/Cash Option for Tue May 5, 2026

Draw Date	Jackpot	Cash Option
Tue May 5, 2026	$195,000,000	$86,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$86,300,000
Federal Tax(24%)	$20,712,000
Additional Federal Tax	$11,179,330
State Tax(8%)	$6,904,000
Net Lumpsum Payment	$47,504,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,934,945	-$1,046,260 -$234,796	$1,653,889
2	$3,081,780	-$1,100,589 -$246,542	$1,734,649
3	$3,235,830	-$1,157,587 -$258,866	$1,819,377
4	$3,397,680	-$1,217,472 -$271,814	$1,908,394
5	$3,567,525	-$1,280,315 -$285,402	$2,001,808
6	$3,745,950	-$1,346,332 -$299,676	$2,099,942
7	$3,933,150	-$1,415,596 -$314,652	$2,202,902
8	$4,129,905	-$1,488,395 -$330,392	$2,311,118
9	$4,336,410	-$1,564,802 -$346,913	$2,424,695
10	$4,553,250	-$1,645,033 -$364,260	$2,543,957
11	$4,780,815	-$1,729,232 -$382,465	$2,669,118
12	$5,019,885	-$1,817,688 -$401,591	$2,800,606
13	$5,270,850	-$1,910,545 -$421,668	$2,938,637
14	$5,534,490	-$2,008,092 -$442,759	$3,083,639
15	$5,811,195	-$2,110,473 -$464,896	$3,235,826
16	$6,101,745	-$2,217,976 -$488,140	$3,395,629
17	$6,406,725	-$2,330,819 -$512,538	$3,563,368
18	$6,727,110	-$2,449,361 -$538,169	$3,739,580
19	$7,063,485	-$2,573,820 -$565,079	$3,924,586
20	$7,416,630	-$2,704,483 -$593,330	$4,118,817
21	$7,787,520	-$2,841,713 -$623,002	$4,322,805
22	$8,176,935	-$2,985,796 -$654,155	$4,536,984
23	$8,585,655	-$3,137,023 -$686,852	$4,761,780
24	$9,015,045	-$3,295,897 -$721,204	$4,997,944
25	$9,465,690	-$3,462,636 -$757,255	$5,245,799
26	$9,939,150	-$3,637,816 -$795,132	$5,506,202
27	$10,436,010	-$3,821,654 -$834,881	$5,779,475
28	$10,957,830	-$4,014,727 -$876,626	$6,066,477
29	$11,505,780	-$4,217,469 -$920,462	$6,367,849
30	$12,081,030	-$4,430,311 -$966,482	$6,684,237