Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 20, 2025 is estimated to be $302 Million, with a cash option of 136 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 Jun 20, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 20, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(8%)	$10,880,000
Net Lumpsum Payment	$74,839,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$363,632	$2,539,641
2	$4,772,808	-$1,726,269 -$381,825	$2,664,714
3	$5,011,388	-$1,814,544 -$400,911	$2,795,933
4	$5,262,048	-$1,907,288 -$420,964	$2,933,796
5	$5,525,090	-$2,004,614 -$442,007	$3,078,469
6	$5,801,420	-$2,106,856 -$464,114	$3,230,450
7	$6,091,340	-$2,214,126 -$487,307	$3,389,907
8	$6,396,058	-$2,326,872 -$511,685	$3,557,501
9	$6,715,876	-$2,445,205 -$537,270	$3,733,401
10	$7,051,700	-$2,569,459 -$564,136	$3,918,105
11	$7,404,134	-$2,699,860 -$592,331	$4,111,943
12	$7,774,386	-$2,836,853 -$621,951	$4,315,582
13	$8,163,060	-$2,980,663 -$653,045	$4,529,352
14	$8,571,364	-$3,131,735 -$685,709	$4,753,920
15	$8,999,902	-$3,290,294 -$719,992	$4,989,616
16	$9,449,882	-$3,456,787 -$755,991	$5,237,104
17	$9,922,210	-$3,631,548 -$793,777	$5,496,885
18	$10,418,396	-$3,815,137 -$833,472	$5,769,787
19	$10,939,346	-$4,007,888 -$875,148	$6,056,310
20	$11,486,268	-$4,210,250 -$918,901	$6,357,117
21	$12,060,672	-$4,422,779 -$964,854	$6,673,039
22	$12,663,766	-$4,645,924 -$1,013,101	$7,004,741
23	$13,296,758	-$4,880,131 -$1,063,741	$7,352,886
24	$13,961,762	-$5,126,182 -$1,116,941	$7,718,639
25	$14,659,684	-$5,384,413 -$1,172,775	$8,102,496
26	$15,392,940	-$5,655,718 -$1,231,435	$8,505,787
27	$16,162,436	-$5,940,432 -$1,292,995	$8,929,009
28	$16,970,588	-$6,239,448 -$1,357,647	$9,373,493
29	$17,819,208	-$6,553,437 -$1,425,537	$9,840,234
30	$18,710,108	-$6,883,070 -$1,496,809	$10,330,229