Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 30, 2025 is estimated to be $497 Million, with a cash option of 229.5 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 Sep 30, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 30, 2025	$497,000,000	$229,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$229,500,000
Federal Tax(24%)	$55,080,000
Additional Federal Tax	$29,795,330
State Tax(8%)	$18,360,000
Net Lumpsum Payment	$126,264,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,480,347	-$2,728,059 -$598,428	$4,153,860
2	$7,854,588	-$2,866,528 -$628,367	$4,359,693
3	$8,247,218	-$3,011,801 -$659,777	$4,575,640
4	$8,659,728	-$3,164,430 -$692,778	$4,802,520
5	$9,092,615	-$3,324,598 -$727,409	$5,040,608
6	$9,547,370	-$3,492,857 -$763,790	$5,290,723
7	$10,024,490	-$3,669,392 -$801,959	$5,553,139
8	$10,525,963	-$3,854,937 -$842,077	$5,828,949
9	$11,052,286	-$4,049,676 -$884,183	$6,118,427
10	$11,604,950	-$4,254,162 -$928,396	$6,422,392
11	$12,184,949	-$4,468,762 -$974,796	$6,741,391
12	$12,794,271	-$4,694,211 -$1,023,542	$7,076,518
13	$13,433,910	-$4,930,877 -$1,074,713	$7,428,320
14	$14,105,854	-$5,179,496 -$1,128,468	$7,797,890
15	$14,811,097	-$5,440,436 -$1,184,888	$8,185,773
16	$15,551,627	-$5,714,432 -$1,244,130	$8,593,065
17	$16,328,935	-$6,002,036 -$1,306,315	$9,020,584
18	$17,145,506	-$6,304,168 -$1,371,640	$9,469,698
19	$18,002,831	-$6,621,378 -$1,440,226	$9,941,227
20	$18,902,898	-$6,954,403 -$1,512,232	$10,436,263
21	$19,848,192	-$7,304,161 -$1,587,855	$10,956,176
22	$20,840,701	-$7,671,390 -$1,667,256	$11,502,055
23	$21,882,413	-$8,056,823 -$1,750,593	$12,074,997
24	$22,976,807	-$8,461,749 -$1,838,145	$12,676,913
25	$24,125,374	-$8,886,719 -$1,930,030	$13,308,625
26	$25,332,090	-$9,333,204 -$2,026,567	$13,972,319
27	$26,598,446	-$9,801,755 -$2,127,876	$14,668,815
28	$27,928,418	-$10,293,845 -$2,234,273	$15,400,300
29	$29,324,988	-$10,810,576 -$2,345,999	$16,168,413
30	$30,791,138	-$11,353,051 -$2,463,291	$16,974,796