Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 16, 2026 is estimated to be $230 Million, with a cash option of 105.1 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 Jan 16, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 16, 2026	$230,000,000	$105,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$105,100,000
Federal Tax(24%)	$25,224,000
Additional Federal Tax	$13,623,330
State Tax(8%)	$8,408,000
Net Lumpsum Payment	$57,844,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,461,730	-$1,241,170 -$276,938	$1,943,622
2	$3,634,920	-$1,305,251 -$290,794	$2,038,875
3	$3,816,620	-$1,372,480 -$305,330	$2,138,810
4	$4,007,520	-$1,443,113 -$320,602	$2,243,805
5	$4,207,850	-$1,517,235 -$336,628	$2,353,987
6	$4,418,300	-$1,595,101 -$353,464	$2,469,735
7	$4,639,100	-$1,676,797 -$371,128	$2,591,175
8	$4,871,170	-$1,762,663 -$389,694	$2,718,813
9	$5,114,740	-$1,852,784 -$409,179	$2,852,777
10	$5,370,500	-$1,947,415 -$429,640	$2,993,445
11	$5,638,910	-$2,046,727 -$451,113	$3,141,070
12	$5,920,890	-$2,151,060 -$473,671	$3,296,159
13	$6,216,900	-$2,260,583 -$497,352	$3,458,965
14	$6,527,860	-$2,375,639 -$522,229	$3,629,992
15	$6,854,230	-$2,496,395 -$548,338	$3,809,497
16	$7,196,930	-$2,623,194 -$575,754	$3,997,982
17	$7,556,650	-$2,756,291 -$604,532	$4,195,827
18	$7,934,540	-$2,896,110 -$634,763	$4,403,667
19	$8,331,290	-$3,042,908 -$666,503	$4,621,879
20	$8,747,820	-$3,197,024 -$699,826	$4,850,970
21	$9,185,280	-$3,358,884 -$734,822	$5,091,574
22	$9,644,590	-$3,528,829 -$771,567	$5,344,194
23	$10,126,670	-$3,707,198 -$810,134	$5,609,338
24	$10,633,130	-$3,894,588 -$850,650	$5,887,892
25	$11,164,660	-$4,091,255 -$893,173	$6,180,232
26	$11,723,100	-$4,297,877 -$937,848	$6,487,375
27	$12,309,140	-$4,514,712 -$984,731	$6,809,697
28	$12,924,620	-$4,742,440 -$1,033,970	$7,148,210
29	$13,570,920	-$4,981,571 -$1,085,674	$7,503,675
30	$14,249,420	-$5,232,616 -$1,139,954	$7,876,850