Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(8%)	$14,920,000
Net Lumpsum Payment	$102,614,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$533,407	$3,706,846
2	$7,001,172	-$2,550,764 -$560,094	$3,890,314
3	$7,351,142	-$2,680,253 -$588,091	$4,082,798
4	$7,718,832	-$2,816,298 -$617,507	$4,285,027
5	$8,104,685	-$2,959,064 -$648,375	$4,497,246
6	$8,510,030	-$3,109,041 -$680,802	$4,720,187
7	$8,935,310	-$3,266,395 -$714,825	$4,954,090
8	$9,382,297	-$3,431,780 -$750,584	$5,199,933
9	$9,851,434	-$3,605,361 -$788,115	$5,457,958
10	$10,344,050	-$3,787,629 -$827,524	$5,728,897
11	$10,861,031	-$3,978,912 -$868,882	$6,013,237
12	$11,404,149	-$4,179,866 -$912,332	$6,311,951
13	$11,974,290	-$4,390,818 -$957,943	$6,625,529
14	$12,573,226	-$4,612,424 -$1,005,858	$6,954,944
15	$13,201,843	-$4,845,012 -$1,056,147	$7,300,684
16	$13,861,913	-$5,089,238 -$1,108,953	$7,663,722
17	$14,554,765	-$5,345,593 -$1,164,381	$8,044,791
18	$15,282,614	-$5,614,898 -$1,222,609	$8,445,107
19	$16,046,789	-$5,897,642 -$1,283,743	$8,865,404
20	$16,849,062	-$6,194,483 -$1,347,925	$9,306,654
21	$17,691,648	-$6,506,240 -$1,415,332	$9,770,076
22	$18,576,319	-$6,833,568 -$1,486,106	$10,256,645
23	$19,504,847	-$7,177,124 -$1,560,388	$10,767,335
24	$20,480,333	-$7,538,054 -$1,638,427	$11,303,852
25	$21,504,106	-$7,916,850 -$1,720,328	$11,866,928
26	$22,579,710	-$8,314,823 -$1,806,377	$12,458,510
27	$23,708,474	-$8,732,466 -$1,896,678	$13,079,330
28	$24,893,942	-$9,171,089 -$1,991,515	$13,731,338
29	$26,138,772	-$9,631,676 -$2,091,102	$14,415,994
30	$27,445,622	-$10,115,211 -$2,195,650	$15,134,761