Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 27, 2026 is estimated to be $458 Million, with a cash option of 212.4 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 Feb 27, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 27, 2026	$458,000,000	$212,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,400,000
Federal Tax(24%)	$50,976,000
Additional Federal Tax	$27,572,330
State Tax(8%)	$16,992,000
Net Lumpsum Payment	$116,859,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,893,358	-$2,510,873 -$551,469	$3,831,016
2	$7,238,232	-$2,638,476 -$579,059	$4,020,697
3	$7,600,052	-$2,772,350 -$608,004	$4,219,698
4	$7,980,192	-$2,913,001 -$638,415	$4,428,776
5	$8,379,110	-$3,060,601 -$670,329	$4,648,180
6	$8,798,180	-$3,215,657 -$703,854	$4,878,669
7	$9,237,860	-$3,378,339 -$739,029	$5,120,492
8	$9,699,982	-$3,549,324 -$775,999	$5,374,659
9	$10,185,004	-$3,728,782 -$814,800	$5,641,422
10	$10,694,300	-$3,917,221 -$855,544	$5,921,535
11	$11,228,786	-$4,114,981 -$898,303	$6,215,502
12	$11,790,294	-$4,322,739 -$943,224	$6,524,331
13	$12,379,740	-$4,540,834 -$990,379	$6,848,527
14	$12,998,956	-$4,769,944 -$1,039,916	$7,189,096
15	$13,648,858	-$5,010,408 -$1,091,909	$7,546,541
16	$14,331,278	-$5,262,903 -$1,146,502	$7,921,873
17	$15,047,590	-$5,527,939 -$1,203,807	$8,315,844
18	$15,800,084	-$5,806,361 -$1,264,007	$8,729,716
19	$16,590,134	-$6,098,680 -$1,327,211	$9,164,243
20	$17,419,572	-$6,405,572 -$1,393,566	$9,620,434
21	$18,290,688	-$6,727,885 -$1,463,255	$10,099,548
22	$19,205,314	-$7,066,297 -$1,536,425	$10,602,592
23	$20,165,282	-$7,421,485 -$1,613,223	$11,130,574
24	$21,173,798	-$7,794,636 -$1,693,904	$11,685,258
25	$22,232,236	-$8,186,258 -$1,778,579	$12,267,399
26	$23,344,260	-$8,597,707 -$1,867,541	$12,879,012
27	$24,511,244	-$9,029,491 -$1,960,900	$13,520,853
28	$25,736,852	-$9,482,966 -$2,058,948	$14,194,938
29	$27,023,832	-$9,959,148 -$2,161,907	$14,902,777
30	$28,374,932	-$10,459,055 -$2,269,995	$15,645,882