Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 4, 2026 is estimated to be $177 Million, with a cash option of 76.3 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 Sep 4, 2026

Draw Date	Jackpot	Cash Option
Fri Sep 4, 2026	$177,000,000	$76,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$76,300,000
Federal Tax(24%)	$18,312,000
Additional Federal Tax	$9,879,330
State Tax(8%)	$6,104,000
Net Lumpsum Payment	$42,004,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,664,027	-$946,020 -$213,122	$1,504,885
2	$2,797,308	-$995,334 -$223,785	$1,578,189
3	$2,937,138	-$1,047,071 -$234,971	$1,655,096
4	$3,084,048	-$1,101,428 -$246,724	$1,735,896
5	$3,238,215	-$1,158,470 -$259,057	$1,820,688
6	$3,400,170	-$1,218,393 -$272,014	$1,909,763
7	$3,570,090	-$1,281,264 -$285,607	$2,003,219
8	$3,748,683	-$1,347,343 -$299,895	$2,101,445
9	$3,936,126	-$1,416,697 -$314,890	$2,204,539
10	$4,132,950	-$1,489,522 -$330,636	$2,312,792
11	$4,339,509	-$1,565,949 -$347,161	$2,426,399
12	$4,556,511	-$1,646,239 -$364,521	$2,545,751
13	$4,784,310	-$1,730,525 -$382,745	$2,671,040
14	$5,023,614	-$1,819,068 -$401,889	$2,802,657
15	$5,274,777	-$1,911,998 -$421,982	$2,940,797
16	$5,538,507	-$2,009,578 -$443,081	$3,085,848
17	$5,815,335	-$2,112,004 -$465,227	$3,238,104
18	$6,106,146	-$2,219,604 -$488,492	$3,398,050
19	$6,411,471	-$2,332,575 -$512,918	$3,565,978
20	$6,732,018	-$2,451,177 -$538,561	$3,742,280
21	$7,068,672	-$2,575,739 -$565,494	$3,927,439
22	$7,422,141	-$2,706,523 -$593,771	$4,121,847
23	$7,793,133	-$2,843,790 -$623,451	$4,325,892
24	$8,182,887	-$2,987,999 -$654,631	$4,540,257
25	$8,591,934	-$3,139,346 -$687,355	$4,765,233
26	$9,021,690	-$3,298,356 -$721,735	$5,001,599
27	$9,472,686	-$3,465,224 -$757,815	$5,249,647
28	$9,946,338	-$3,640,475 -$795,707	$5,510,156
29	$10,443,708	-$3,824,502 -$835,497	$5,783,709
30	$10,965,858	-$4,017,698 -$877,269	$6,070,891