Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 24, 2026 is estimated to be $743 Million, with a cash option of 323.4 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 Jul 24, 2026

Draw Date	Jackpot	Cash Option
Fri Jul 24, 2026	$743,000,000	$323,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$323,400,000
Federal Tax(24%)	$77,616,000
Additional Federal Tax	$42,002,330
State Tax(8%)	$25,872,000
Net Lumpsum Payment	$177,909,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,182,893	-$4,098,001 -$894,631	$6,190,261
2	$11,742,372	-$4,305,008 -$939,390	$6,497,974
3	$12,329,342	-$4,522,187 -$986,347	$6,820,808
4	$12,946,032	-$4,750,362 -$1,035,683	$7,159,987
5	$13,593,185	-$4,989,809 -$1,087,455	$7,515,921
6	$14,273,030	-$5,241,351 -$1,141,842	$7,889,837
7	$14,986,310	-$5,505,265 -$1,198,905	$8,282,140
8	$15,735,997	-$5,782,649 -$1,258,880	$8,694,468
9	$16,522,834	-$6,073,779 -$1,321,827	$9,127,228
10	$17,349,050	-$6,379,479 -$1,387,924	$9,581,647
11	$18,216,131	-$6,700,299 -$1,457,290	$10,058,542
12	$19,127,049	-$7,037,339 -$1,530,164	$10,559,546
13	$20,083,290	-$7,391,148 -$1,606,663	$11,085,479
14	$21,087,826	-$7,762,826 -$1,687,026	$11,637,974
15	$22,142,143	-$8,152,923 -$1,771,371	$12,217,849
16	$23,249,213	-$8,562,539 -$1,859,937	$12,826,737
17	$24,411,265	-$8,992,498 -$1,952,901	$13,465,866
18	$25,632,014	-$9,444,176 -$2,050,561	$14,137,277
19	$26,913,689	-$9,918,395 -$2,153,095	$14,842,199
20	$28,259,262	-$10,416,257 -$2,260,741	$15,582,264
21	$29,672,448	-$10,939,136 -$2,373,796	$16,359,516
22	$31,156,219	-$11,488,131 -$2,492,498	$17,175,590
23	$32,713,547	-$12,064,343 -$2,617,084	$18,032,120
24	$34,349,633	-$12,669,695 -$2,747,971	$18,931,967
25	$36,066,706	-$13,305,012 -$2,885,336	$19,876,358
26	$37,870,710	-$13,972,493 -$3,029,657	$20,868,560
27	$39,763,874	-$14,672,964 -$3,181,110	$21,909,800
28	$41,752,142	-$15,408,623 -$3,340,171	$23,003,348
29	$43,839,972	-$16,181,120 -$3,507,198	$24,151,654
30	$46,031,822	-$16,992,105 -$3,682,546	$25,357,171