Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 14, 2026 is estimated to be $120 Million, with a cash option of 53.5 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 Apr 14, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 14, 2026	$120,000,000	$53,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$53,500,000
Federal Tax(24%)	$12,840,000
Additional Federal Tax	$6,915,330
State Tax(8%)	$4,280,000
Net Lumpsum Payment	$29,464,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,806,120	-$628,595 -$144,490	$1,033,035
2	$1,896,480	-$662,028 -$151,718	$1,082,734
3	$1,991,280	-$697,104 -$159,302	$1,134,874
4	$2,090,880	-$733,956 -$167,270	$1,189,654
5	$2,195,400	-$772,628 -$175,632	$1,247,140
6	$2,305,200	-$813,254 -$184,416	$1,307,530
7	$2,420,400	-$855,878 -$193,632	$1,370,890
8	$2,541,480	-$900,678 -$203,318	$1,437,484
9	$2,668,560	-$947,698 -$213,485	$1,507,377
10	$2,802,000	-$997,070 -$224,160	$1,580,770
11	$2,942,040	-$1,048,885 -$235,363	$1,657,792
12	$3,089,160	-$1,103,320 -$247,133	$1,738,707
13	$3,243,600	-$1,160,462 -$259,488	$1,823,650
14	$3,405,840	-$1,220,491 -$272,467	$1,912,882
15	$3,576,120	-$1,283,495 -$286,090	$2,006,535
16	$3,754,920	-$1,349,651 -$300,394	$2,104,875
17	$3,942,600	-$1,419,092 -$315,408	$2,208,100
18	$4,139,760	-$1,492,042 -$331,181	$2,316,537
19	$4,346,760	-$1,568,632 -$347,741	$2,430,387
20	$4,564,080	-$1,649,040 -$365,126	$2,549,914
21	$4,792,320	-$1,733,489 -$383,386	$2,675,445
22	$5,031,960	-$1,822,156 -$402,557	$2,807,247
23	$5,283,480	-$1,915,218 -$422,678	$2,945,584
24	$5,547,720	-$2,012,987 -$443,818	$3,090,915
25	$5,825,040	-$2,115,595 -$466,003	$3,243,442
26	$6,116,400	-$2,223,398 -$489,312	$3,403,690
27	$6,422,160	-$2,336,530 -$513,773	$3,571,857
28	$6,743,280	-$2,455,344 -$539,462	$3,748,474
29	$7,080,480	-$2,580,108 -$566,438	$3,933,934
30	$7,434,480	-$2,711,088 -$594,758	$4,128,634