Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 6, 2026 is estimated to be $346 Million, with a cash option of 156.1 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 Feb 6, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 6, 2026	$346,000,000	$156,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,100,000
Federal Tax(24%)	$37,464,000
Additional Federal Tax	$20,253,330
State Tax(8%)	$12,488,000
Net Lumpsum Payment	$85,894,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$416,612	$2,903,875
2	$5,468,184	-$1,983,558 -$437,455	$3,047,171
3	$5,741,524	-$2,084,694 -$459,322	$3,197,508
4	$6,028,704	-$2,190,951 -$482,296	$3,355,457
5	$6,330,070	-$2,302,456 -$506,406	$3,521,208
6	$6,646,660	-$2,419,595 -$531,733	$3,695,332
7	$6,978,820	-$2,542,494 -$558,306	$3,878,020
8	$7,327,934	-$2,671,666 -$586,235	$4,070,033
9	$7,694,348	-$2,807,239 -$615,548	$4,271,561
10	$8,079,100	-$2,949,597 -$646,328	$4,483,175
11	$8,482,882	-$3,098,997 -$678,631	$4,705,254
12	$8,907,078	-$3,255,949 -$712,566	$4,938,563
13	$9,352,380	-$3,420,711 -$748,190	$5,183,479
14	$9,820,172	-$3,593,794 -$785,614	$5,440,764
15	$10,311,146	-$3,775,454 -$824,892	$5,710,800
16	$10,826,686	-$3,966,204 -$866,135	$5,994,347
17	$11,367,830	-$4,166,427 -$909,426	$6,291,977
18	$11,936,308	-$4,376,764 -$954,905	$6,604,639
19	$12,533,158	-$4,597,599 -$1,002,653	$6,932,906
20	$13,159,764	-$4,829,443 -$1,052,781	$7,277,540
21	$13,817,856	-$5,072,937 -$1,105,428	$7,639,491
22	$14,508,818	-$5,328,593 -$1,160,705	$8,019,520
23	$15,234,034	-$5,596,923 -$1,218,723	$8,418,388
24	$15,995,926	-$5,878,823 -$1,279,674	$8,837,429
25	$16,795,532	-$6,174,677 -$1,343,643	$9,277,212
26	$17,635,620	-$6,485,510 -$1,410,850	$9,739,260
27	$18,517,228	-$6,811,705 -$1,481,378	$10,224,145
28	$19,443,124	-$7,154,286 -$1,555,450	$10,733,388
29	$20,415,384	-$7,514,022 -$1,633,231	$11,268,131
30	$21,436,084	-$7,891,681 -$1,714,887	$11,829,516