Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 25, 2025 is estimated to be $181 Million, with a cash option of 82.7 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 Feb 25, 2025

Draw Date	Jackpot	Cash Option
Tue Feb 25, 2025	$181,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(8%)	$6,616,000
Net Lumpsum Payment	$45,524,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,724,231	-$968,296 -$217,938	$1,537,997
2	$2,860,524	-$1,018,724 -$228,842	$1,612,958
3	$3,003,514	-$1,071,631 -$240,281	$1,691,602
4	$3,153,744	-$1,127,216 -$252,300	$1,774,228
5	$3,311,395	-$1,185,547 -$264,912	$1,860,936
6	$3,477,010	-$1,246,824 -$278,161	$1,952,025
7	$3,650,770	-$1,311,115 -$292,062	$2,047,593
8	$3,833,399	-$1,378,688 -$306,672	$2,148,039
9	$4,025,078	-$1,449,609 -$322,006	$2,253,463
10	$4,226,350	-$1,524,080 -$338,108	$2,364,162
11	$4,437,577	-$1,602,234 -$355,006	$2,480,337
12	$4,659,483	-$1,684,339 -$372,759	$2,602,385
13	$4,892,430	-$1,770,529 -$391,394	$2,730,507
14	$5,137,142	-$1,861,073 -$410,971	$2,865,098
15	$5,393,981	-$1,956,103 -$431,518	$3,006,360
16	$5,663,671	-$2,055,889 -$453,094	$3,154,688
17	$5,946,755	-$2,160,630 -$475,740	$3,310,385
18	$6,244,138	-$2,270,661 -$499,531	$3,473,946
19	$6,556,363	-$2,386,185 -$524,509	$3,645,669
20	$6,884,154	-$2,507,467 -$550,732	$3,825,955
21	$7,228,416	-$2,634,844 -$578,273	$4,015,299
22	$7,589,873	-$2,768,583 -$607,190	$4,214,100
23	$7,969,249	-$2,908,953 -$637,540	$4,422,756
24	$8,367,811	-$3,056,420 -$669,425	$4,641,966
25	$8,786,102	-$3,211,188 -$702,888	$4,872,026
26	$9,225,570	-$3,373,791 -$738,046	$5,113,733
27	$9,686,758	-$3,544,431 -$774,941	$5,367,386
28	$10,171,114	-$3,723,643 -$813,689	$5,633,782
29	$10,679,724	-$3,911,828 -$854,378	$5,913,518
30	$11,213,674	-$4,109,390 -$897,094	$6,207,190