Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 7, 2026 is estimated to be $576 Million, with a cash option of 253.9 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 Jul 7, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 7, 2026	$576,000,000	$253,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$253,900,000
Federal Tax(24%)	$60,936,000
Additional Federal Tax	$32,967,330
State Tax(8%)	$20,312,000
Net Lumpsum Payment	$139,684,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,669,376	-$3,168,000 -$693,550	$4,807,826
2	$9,103,104	-$3,328,479 -$728,248	$5,046,377
3	$9,558,144	-$3,496,844 -$764,652	$5,296,648
4	$10,036,224	-$3,673,733 -$802,898	$5,559,593
5	$10,537,920	-$3,859,361 -$843,034	$5,835,525
6	$11,064,960	-$4,054,366 -$885,197	$6,125,397
7	$11,617,920	-$4,258,961 -$929,434	$6,429,525
8	$12,199,104	-$4,473,999 -$975,928	$6,749,177
9	$12,809,088	-$4,699,693 -$1,024,727	$7,084,668
10	$13,449,600	-$4,936,682 -$1,075,968	$7,436,950
11	$14,121,792	-$5,185,393 -$1,129,743	$7,806,656
12	$14,827,968	-$5,446,679 -$1,186,237	$8,195,052
13	$15,569,280	-$5,720,964 -$1,245,542	$8,602,774
14	$16,348,032	-$6,009,102 -$1,307,843	$9,031,087
15	$17,165,376	-$6,311,520 -$1,373,230	$9,480,626
16	$18,023,616	-$6,629,068 -$1,441,889	$9,952,659
17	$18,924,480	-$6,962,388 -$1,513,958	$10,448,134
18	$19,870,848	-$7,312,544 -$1,589,668	$10,968,636
19	$20,864,448	-$7,680,176 -$1,669,156	$11,515,116
20	$21,907,584	-$8,066,136 -$1,752,607	$12,088,841
21	$23,003,136	-$8,471,491 -$1,840,251	$12,691,394
22	$24,153,408	-$8,897,091 -$1,932,273	$13,324,044
23	$25,360,704	-$9,343,791 -$2,028,856	$13,988,057
24	$26,629,056	-$9,813,081 -$2,130,324	$14,685,651
25	$27,960,192	-$10,305,601 -$2,236,815	$15,417,776
26	$29,358,720	-$10,823,057 -$2,348,698	$16,186,965
27	$30,826,368	-$11,366,087 -$2,466,109	$16,994,172
28	$32,367,744	-$11,936,396 -$2,589,420	$17,841,928
29	$33,986,304	-$12,535,263 -$2,718,904	$18,732,137
30	$35,685,504	-$13,163,967 -$2,854,840	$19,666,697