Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 16, 2026 is estimated to be $430 Million, with a cash option of 191.2 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 Tue Jun 16, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 16, 2026	$430,000,000	$191,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$191,200,000
Federal Tax(24%)	$45,888,000
Additional Federal Tax	$24,816,330
State Tax(8%)	$15,296,000
Net Lumpsum Payment	$105,199,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,471,930	-$2,354,944 -$517,754	$3,599,232
2	$6,795,720	-$2,474,747 -$543,658	$3,777,315
3	$7,135,420	-$2,600,436 -$570,834	$3,964,150
4	$7,492,320	-$2,732,489 -$599,386	$4,160,445
5	$7,866,850	-$2,871,065 -$629,348	$4,366,437
6	$8,260,300	-$3,016,641 -$660,824	$4,582,835
7	$8,673,100	-$3,169,377 -$693,848	$4,809,875
8	$9,106,970	-$3,329,909 -$728,558	$5,048,503
9	$9,562,340	-$3,498,396 -$764,987	$5,298,957
10	$10,040,500	-$3,675,315 -$803,240	$5,561,945
11	$10,542,310	-$3,860,985 -$843,385	$5,837,940
12	$11,069,490	-$4,056,042 -$885,559	$6,127,889
13	$11,622,900	-$4,260,803 -$929,832	$6,432,265
14	$12,204,260	-$4,475,907 -$976,341	$6,752,012
15	$12,814,430	-$4,701,669 -$1,025,154	$7,087,607
16	$13,455,130	-$4,938,728 -$1,076,410	$7,439,992
17	$14,127,650	-$5,187,561 -$1,130,212	$7,809,877
18	$14,834,140	-$5,448,962 -$1,186,731	$8,198,447
19	$15,575,890	-$5,723,410 -$1,246,071	$8,606,409
20	$16,354,620	-$6,011,540 -$1,308,370	$9,034,710
21	$17,172,480	-$6,314,148 -$1,373,798	$9,484,534
22	$18,031,190	-$6,631,871 -$1,442,495	$9,956,824
23	$18,932,470	-$6,965,344 -$1,514,598	$10,452,528
24	$19,879,330	-$7,315,682 -$1,590,346	$10,973,302
25	$20,873,060	-$7,683,363 -$1,669,845	$11,519,852
26	$21,917,100	-$8,069,657 -$1,753,368	$12,094,075
27	$23,012,740	-$8,475,044 -$1,841,019	$12,696,677
28	$24,163,420	-$8,900,796 -$1,933,074	$13,329,550
29	$25,371,720	-$9,347,867 -$2,029,738	$13,994,115
30	$26,640,220	-$9,817,212 -$2,131,218	$14,691,790