Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 Fri May 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(8%)	$3,624,000
Net Lumpsum Payment	$24,954,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$120,408	$867,475
2	$1,580,400	-$545,078 -$126,432	$908,890
3	$1,659,400	-$574,308 -$132,752	$952,340
4	$1,742,400	-$605,018 -$139,392	$997,990
5	$1,829,500	-$637,245 -$146,360	$1,045,895
6	$1,921,000	-$671,100 -$153,680	$1,096,220
7	$2,017,000	-$706,620 -$161,360	$1,149,020
8	$2,117,900	-$743,953 -$169,432	$1,204,515
9	$2,223,800	-$783,136 -$177,904	$1,262,760
10	$2,335,000	-$824,280 -$186,800	$1,323,920
11	$2,451,700	-$867,459 -$196,136	$1,388,105
12	$2,574,300	-$912,821 -$205,944	$1,455,535
13	$2,703,000	-$960,440 -$216,240	$1,526,320
14	$2,838,200	-$1,010,464 -$227,056	$1,600,680
15	$2,980,100	-$1,062,967 -$238,408	$1,678,725
16	$3,129,100	-$1,118,097 -$250,328	$1,760,675
17	$3,285,500	-$1,175,965 -$262,840	$1,846,695
18	$3,449,800	-$1,236,756 -$275,984	$1,937,060
19	$3,622,300	-$1,300,581 -$289,784	$2,031,935
20	$3,803,400	-$1,367,588 -$304,272	$2,131,540
21	$3,993,600	-$1,437,962 -$319,488	$2,236,150
22	$4,193,300	-$1,511,851 -$335,464	$2,345,985
23	$4,402,900	-$1,589,403 -$352,232	$2,461,265
24	$4,623,100	-$1,670,877 -$369,848	$2,582,375
25	$4,854,200	-$1,756,384 -$388,336	$2,709,480
26	$5,097,000	-$1,846,220 -$407,760	$2,843,020
27	$5,351,800	-$1,940,496 -$428,144	$2,983,160
28	$5,619,400	-$2,039,508 -$449,552	$3,130,340
29	$5,900,400	-$2,143,478 -$472,032	$3,284,890
30	$6,195,400	-$2,252,628 -$495,632	$3,447,140