Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 24, 2025 is estimated to be $680 Million, with a cash option of 318.2 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 Fri Oct 24, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 24, 2025	$680,000,000	$318,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$318,200,000
Federal Tax(24%)	$76,368,000
Additional Federal Tax	$41,326,330
State Tax(8%)	$25,456,000
Net Lumpsum Payment	$175,049,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,234,680	-$3,747,162 -$818,774	$5,668,744
2	$10,746,720	-$3,936,617 -$859,738	$5,950,365
3	$11,283,920	-$4,135,381 -$902,714	$6,245,825
4	$11,848,320	-$4,344,209 -$947,866	$6,556,245
5	$12,440,600	-$4,563,352 -$995,248	$6,882,000
6	$13,062,800	-$4,793,566 -$1,045,024	$7,224,210
7	$13,715,600	-$5,035,102 -$1,097,248	$7,583,250
8	$14,401,720	-$5,288,967 -$1,152,138	$7,960,615
9	$15,121,840	-$5,555,411 -$1,209,747	$8,356,682
10	$15,878,000	-$5,835,190 -$1,270,240	$8,772,570
11	$16,671,560	-$6,128,808 -$1,333,725	$9,209,027
12	$17,505,240	-$6,437,269 -$1,400,419	$9,667,552
13	$18,380,400	-$6,761,078 -$1,470,432	$10,148,890
14	$19,299,760	-$7,101,242 -$1,543,981	$10,654,537
15	$20,264,680	-$7,458,262 -$1,621,174	$11,185,244
16	$21,277,880	-$7,833,146 -$1,702,230	$11,742,504
17	$22,341,400	-$8,226,648 -$1,787,312	$12,327,440
18	$23,458,640	-$8,640,027 -$1,876,691	$12,941,922
19	$24,631,640	-$9,074,037 -$1,970,531	$13,587,072
20	$25,863,120	-$9,529,685 -$2,069,050	$14,264,385
21	$27,156,480	-$10,008,228 -$2,172,518	$14,975,734
22	$28,514,440	-$10,510,673 -$2,281,155	$15,722,612
23	$29,939,720	-$11,038,027 -$2,395,178	$16,506,515
24	$31,437,080	-$11,592,050 -$2,514,966	$17,330,064
25	$33,008,560	-$12,173,498 -$2,640,685	$18,194,377
26	$34,659,600	-$12,784,382 -$2,772,768	$19,102,450
27	$36,392,240	-$13,425,459 -$2,911,379	$20,055,402
28	$38,211,920	-$14,098,741 -$3,056,954	$21,056,225
29	$40,122,720	-$14,805,737 -$3,209,818	$22,107,165
30	$42,128,720	-$15,547,957 -$3,370,298	$23,210,465