Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Oregon MEGA Millions Jackpot/Cash Option for Tue Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(8%)	$2,544,000
Net Lumpsum Payment	$17,529,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$84,286	$619,133
2	$1,106,280	-$369,654 -$88,502	$648,124
3	$1,161,580	-$390,115 -$92,926	$678,539
4	$1,219,680	-$411,612 -$97,574	$710,494
5	$1,280,650	-$434,171 -$102,452	$744,027
6	$1,344,700	-$457,869 -$107,576	$779,255
7	$1,411,900	-$482,733 -$112,952	$816,215
8	$1,482,530	-$508,866 -$118,602	$855,062
9	$1,556,660	-$536,295 -$124,533	$895,832
10	$1,634,500	-$565,095 -$130,760	$938,645
11	$1,716,190	-$595,321 -$137,295	$983,574
12	$1,802,010	-$627,074 -$144,161	$1,030,775
13	$1,892,100	-$660,407 -$151,368	$1,080,325
14	$1,986,740	-$695,424 -$158,939	$1,132,377
15	$2,086,070	-$732,176 -$166,886	$1,187,008
16	$2,190,370	-$770,767 -$175,230	$1,244,373
17	$2,299,850	-$811,275 -$183,988	$1,304,587
18	$2,414,860	-$853,829 -$193,189	$1,367,842
19	$2,535,610	-$898,506 -$202,849	$1,434,255
20	$2,662,380	-$945,411 -$212,990	$1,503,979
21	$2,795,520	-$994,673 -$223,642	$1,577,205
22	$2,935,310	-$1,046,395 -$234,825	$1,654,090
23	$3,082,030	-$1,100,681 -$246,562	$1,734,787
24	$3,236,170	-$1,157,713 -$258,894	$1,819,563
25	$3,397,940	-$1,217,568 -$271,835	$1,908,537
26	$3,567,900	-$1,280,453 -$285,432	$2,002,015
27	$3,746,260	-$1,346,447 -$299,701	$2,100,112
28	$3,933,580	-$1,415,755 -$314,686	$2,203,139
29	$4,130,280	-$1,488,534 -$330,422	$2,311,324
30	$4,336,780	-$1,564,939 -$346,942	$2,424,899