Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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 Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(8%)	$3,944,000
Net Lumpsum Payment	$27,154,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$134,857	$966,811
2	$1,770,048	-$615,248 -$141,604	$1,013,196
3	$1,858,528	-$647,986 -$148,682	$1,061,860
4	$1,951,488	-$682,381 -$156,119	$1,112,988
5	$2,049,040	-$718,475 -$163,923	$1,166,642
6	$2,151,520	-$756,393 -$172,122	$1,223,005
7	$2,259,040	-$796,175 -$180,723	$1,282,142
8	$2,372,048	-$837,988 -$189,764	$1,344,296
9	$2,490,656	-$881,873 -$199,252	$1,409,531
10	$2,615,200	-$927,954 -$209,216	$1,478,030
11	$2,745,904	-$976,315 -$219,672	$1,549,917
12	$2,883,216	-$1,027,120 -$230,657	$1,625,439
13	$3,027,360	-$1,080,454 -$242,189	$1,704,717
14	$3,178,784	-$1,136,480 -$254,303	$1,788,001
15	$3,337,712	-$1,195,284 -$267,017	$1,875,411
16	$3,504,592	-$1,257,029 -$280,367	$1,967,196
17	$3,679,760	-$1,321,842 -$294,381	$2,063,537
18	$3,863,776	-$1,389,928 -$309,102	$2,164,746
19	$4,056,976	-$1,461,412 -$324,558	$2,271,006
20	$4,259,808	-$1,536,459 -$340,785	$2,382,564
21	$4,472,832	-$1,615,278 -$357,827	$2,499,727
22	$4,696,496	-$1,698,034 -$375,720	$2,622,742
23	$4,931,248	-$1,784,892 -$394,500	$2,751,856
24	$5,177,872	-$1,876,143 -$414,230	$2,887,499
25	$5,436,704	-$1,971,911 -$434,936	$3,029,857
26	$5,708,640	-$2,072,527 -$456,691	$3,179,422
27	$5,994,016	-$2,178,116 -$479,521	$3,336,379
28	$6,293,728	-$2,289,010 -$503,498	$3,501,220
29	$6,608,448	-$2,405,456 -$528,676	$3,674,316
30	$6,938,848	-$2,527,704 -$555,108	$3,856,036