Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Oregon MEGA Millions Jackpot/Cash Option for Tue Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(8%)	$10,088,000
Net Lumpsum Payment	$69,394,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$337,142	$2,357,524
2	$4,425,120	-$1,597,625 -$354,010	$2,473,485
3	$4,646,320	-$1,679,469 -$371,706	$2,595,145
4	$4,878,720	-$1,765,457 -$390,298	$2,722,965
5	$5,122,600	-$1,855,692 -$409,808	$2,857,100
6	$5,378,800	-$1,950,486 -$430,304	$2,998,010
7	$5,647,600	-$2,049,942 -$451,808	$3,145,850
8	$5,930,120	-$2,154,475 -$474,410	$3,301,235
9	$6,226,640	-$2,264,187 -$498,131	$3,464,322
10	$6,538,000	-$2,379,390 -$523,040	$3,635,570
11	$6,864,760	-$2,500,292 -$549,181	$3,815,287
12	$7,208,040	-$2,627,305 -$576,643	$4,004,092
13	$7,568,400	-$2,760,638 -$605,472	$4,202,290
14	$7,946,960	-$2,900,706 -$635,757	$4,410,497
15	$8,344,280	-$3,047,714 -$667,542	$4,629,024
16	$8,761,480	-$3,202,078 -$700,918	$4,858,484
17	$9,199,400	-$3,364,108 -$735,952	$5,099,340
18	$9,659,440	-$3,534,323 -$772,755	$5,352,362
19	$10,142,440	-$3,713,033 -$811,395	$5,618,012
20	$10,649,520	-$3,900,653 -$851,962	$5,896,905
21	$11,182,080	-$4,097,700 -$894,566	$6,189,814
22	$11,741,240	-$4,304,589 -$939,299	$6,497,352
23	$12,328,120	-$4,521,735 -$986,250	$6,820,135
24	$12,944,680	-$4,749,862 -$1,035,574	$7,159,244
25	$13,591,760	-$4,989,282 -$1,087,341	$7,515,137
26	$14,271,600	-$5,240,822 -$1,141,728	$7,889,050
27	$14,985,040	-$5,504,795 -$1,198,803	$8,281,442
28	$15,734,320	-$5,782,029 -$1,258,746	$8,693,545
29	$16,521,120	-$6,073,145 -$1,321,690	$9,126,285
30	$17,347,120	-$6,378,765 -$1,387,770	$9,580,585