Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(8%)	$1,064,000
Net Lumpsum Payment	$7,354,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$34,918	$279,733
2	$458,316	-$129,907 -$36,665	$291,744
3	$481,226	-$138,384 -$38,498	$304,344
4	$505,296	-$147,290 -$40,424	$317,582
5	$530,555	-$156,636 -$42,444	$331,475
6	$557,090	-$166,454 -$44,567	$346,069
7	$584,930	-$176,754 -$46,794	$361,382
8	$614,191	-$187,581 -$49,135	$377,475
9	$644,902	-$198,944 -$51,592	$394,366
10	$677,150	-$210,876 -$54,172	$412,102
11	$710,993	-$223,398 -$56,879	$430,716
12	$746,547	-$236,553 -$59,724	$450,270
13	$783,870	-$250,362 -$62,710	$470,798
14	$823,078	-$264,869 -$65,846	$492,363
15	$864,229	-$280,095 -$69,138	$514,996
16	$907,439	-$296,083 -$72,595	$538,761
17	$952,795	-$312,865 -$76,224	$563,706
18	$1,000,442	-$330,494 -$80,035	$589,913
19	$1,050,467	-$349,003 -$84,037	$617,427
20	$1,102,986	-$368,435 -$88,239	$646,312
21	$1,158,144	-$388,844 -$92,652	$676,648
22	$1,216,057	-$410,271 -$97,285	$708,501
23	$1,276,841	-$432,762 -$102,147	$741,932
24	$1,340,699	-$456,389 -$107,256	$777,054
25	$1,407,718	-$481,186 -$112,617	$813,915
26	$1,478,130	-$507,238 -$118,250	$852,642
27	$1,552,022	-$534,579 -$124,162	$893,281
28	$1,629,626	-$563,292 -$130,370	$935,964
29	$1,711,116	-$593,443 -$136,889	$980,784
30	$1,796,666	-$625,097 -$143,733	$1,027,836