Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 18, 2025 is estimated to be $50 Million, with a cash option of 22.1 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 Jul 18, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 18, 2025	$50,000,000	$22,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,100,000
Federal Tax(24%)	$5,304,000
Additional Federal Tax	$2,833,330
State Tax(8%)	$1,768,000
Net Lumpsum Payment	$12,194,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$60,204	$453,572
2	$790,200	-$252,704 -$63,216	$474,280
3	$829,700	-$267,319 -$66,376	$496,005
4	$871,200	-$282,674 -$69,696	$518,830
5	$914,750	-$298,788 -$73,180	$542,782
6	$960,500	-$315,715 -$76,840	$567,945
7	$1,008,500	-$333,475 -$80,680	$594,345
8	$1,058,950	-$352,142 -$84,716	$622,092
9	$1,111,900	-$371,733 -$88,952	$651,215
10	$1,167,500	-$392,305 -$93,400	$681,795
11	$1,225,850	-$413,895 -$98,068	$713,887
12	$1,287,150	-$436,576 -$102,972	$747,602
13	$1,351,500	-$460,385 -$108,120	$782,995
14	$1,419,100	-$485,397 -$113,528	$820,175
15	$1,490,050	-$511,649 -$119,204	$859,197
16	$1,564,550	-$539,214 -$125,164	$900,172
17	$1,642,750	-$568,148 -$131,420	$943,182
18	$1,724,900	-$598,543 -$137,992	$988,365
19	$1,811,150	-$630,456 -$144,892	$1,035,802
20	$1,901,700	-$663,959 -$152,136	$1,085,605
21	$1,996,800	-$699,146 -$159,744	$1,137,910
22	$2,096,650	-$736,091 -$167,732	$1,192,827
23	$2,201,450	-$774,867 -$176,116	$1,250,467
24	$2,311,550	-$815,604 -$184,924	$1,311,022
25	$2,427,100	-$858,357 -$194,168	$1,374,575
26	$2,548,500	-$903,275 -$203,880	$1,441,345
27	$2,675,900	-$950,413 -$214,072	$1,511,415
28	$2,809,700	-$999,919 -$224,776	$1,585,005
29	$2,950,200	-$1,051,904 -$236,016	$1,662,280
30	$3,097,700	-$1,106,479 -$247,816	$1,743,405