Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 26, 2026 is estimated to be $311 Million, with a cash option of 136.4 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 Tue May 26, 2026

Draw Date	Jackpot	Cash Option
Tue May 26, 2026	$311,000,000	$136,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,400,000
Federal Tax(24%)	$32,736,000
Additional Federal Tax	$17,692,330
State Tax(8%)	$10,912,000
Net Lumpsum Payment	$75,059,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,680,861	-$1,692,249 -$374,469	$2,614,143
2	$4,915,044	-$1,778,897 -$393,204	$2,742,943
3	$5,160,734	-$1,869,802 -$412,859	$2,878,073
4	$5,418,864	-$1,965,310 -$433,509	$3,020,045
5	$5,689,745	-$2,065,536 -$455,180	$3,169,029
6	$5,974,310	-$2,170,825 -$477,945	$3,325,540
7	$6,272,870	-$2,281,292 -$501,830	$3,489,748
8	$6,586,669	-$2,397,398 -$526,934	$3,662,337
9	$6,916,018	-$2,519,257 -$553,281	$3,843,480
10	$7,261,850	-$2,647,215 -$580,948	$4,033,687
11	$7,624,787	-$2,781,502 -$609,983	$4,233,302
12	$8,006,073	-$2,922,577 -$640,486	$4,443,010
13	$8,406,330	-$3,070,672 -$672,506	$4,663,152
14	$8,826,802	-$3,226,247 -$706,144	$4,894,411
15	$9,268,111	-$3,389,531 -$741,449	$5,137,131
16	$9,731,501	-$3,560,986 -$778,520	$5,391,995
17	$10,217,905	-$3,740,955 -$817,432	$5,659,518
18	$10,728,878	-$3,930,015 -$858,310	$5,940,553
19	$11,265,353	-$4,128,511 -$901,228	$6,235,614
20	$11,828,574	-$4,336,903 -$946,286	$6,545,385
21	$12,420,096	-$4,555,766 -$993,608	$6,870,722
22	$13,041,163	-$4,785,561 -$1,043,293	$7,212,309
23	$13,693,019	-$5,026,747 -$1,095,442	$7,570,830
24	$14,377,841	-$5,280,132 -$1,150,227	$7,947,482
25	$15,096,562	-$5,546,058 -$1,207,725	$8,342,779
26	$15,851,670	-$5,825,448 -$1,268,134	$8,758,088
27	$16,644,098	-$6,118,647 -$1,331,528	$9,193,923
28	$17,476,334	-$6,426,574 -$1,398,107	$9,651,653
29	$18,350,244	-$6,749,921 -$1,468,020	$10,132,303
30	$19,267,694	-$7,089,377 -$1,541,416	$10,636,901