Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 14, 2025 is estimated to be $965 Million, with a cash option of 445.3 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 Nov 14, 2025

Draw Date	Jackpot	Cash Option
Fri Nov 14, 2025	$965,000,000	$445,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$445,300,000
Federal Tax(24%)	$106,872,000
Additional Federal Tax	$57,849,330
State Tax(8%)	$35,624,000
Net Lumpsum Payment	$244,954,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,524,215	-$5,334,290 -$1,161,937	$8,027,988
2	$15,250,860	-$5,603,149 -$1,220,069	$8,427,642
3	$16,013,210	-$5,885,218 -$1,281,057	$8,846,935
4	$16,814,160	-$6,181,570 -$1,345,133	$9,287,457
5	$17,654,675	-$6,492,560 -$1,412,374	$9,749,741
6	$18,537,650	-$6,819,261 -$1,483,012	$10,235,377
7	$19,464,050	-$7,162,029 -$1,557,124	$10,744,897
8	$20,437,735	-$7,522,292 -$1,635,019	$11,280,424
9	$21,459,670	-$7,900,408 -$1,716,774	$11,842,488
10	$22,532,750	-$8,297,448 -$1,802,620	$12,432,682
11	$23,658,905	-$8,714,125 -$1,892,712	$13,052,068
12	$24,841,995	-$9,151,869 -$1,987,360	$13,702,766
13	$26,083,950	-$9,611,392 -$2,086,716	$14,385,842
14	$27,388,630	-$10,094,123 -$2,191,090	$15,103,417
15	$28,757,965	-$10,600,777 -$2,300,637	$15,856,551
16	$30,195,815	-$11,132,782 -$2,415,665	$16,647,368
17	$31,705,075	-$11,691,208 -$2,536,406	$17,477,461
18	$33,290,570	-$12,277,841 -$2,663,246	$18,349,483
19	$34,955,195	-$12,893,753 -$2,796,416	$19,265,026
20	$36,702,810	-$13,540,370 -$2,936,225	$20,226,215
21	$38,538,240	-$14,219,479 -$3,083,059	$21,235,702
22	$40,465,345	-$14,932,508 -$3,237,228	$22,295,609
23	$42,487,985	-$15,680,885 -$3,399,039	$23,408,061
24	$44,612,915	-$16,467,109 -$3,569,033	$24,576,773
25	$46,843,030	-$17,292,251 -$3,747,442	$25,803,337
26	$49,186,050	-$18,159,169 -$3,934,884	$27,091,997
27	$51,644,870	-$19,068,932 -$4,131,590	$28,444,348
28	$54,227,210	-$20,024,398 -$4,338,177	$29,864,635
29	$56,938,860	-$21,027,709 -$4,555,109	$31,356,042
30	$59,785,610	-$22,081,006 -$4,782,849	$32,921,755