Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 10, 2025 is estimated to be $77 Million, with a cash option of 34.1 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 Fri Jan 10, 2025

Draw Date	Jackpot	Cash Option
Fri Jan 10, 2025	$77,000,000	$34,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,100,000
Federal Tax(24%)	$8,184,000
Additional Federal Tax	$4,393,330
State Tax(8%)	$2,728,000
Net Lumpsum Payment	$18,794,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,158,927	-$389,133 -$92,714	$677,080
2	$1,216,908	-$410,586 -$97,353	$708,969
3	$1,277,738	-$433,093 -$102,219	$742,426
4	$1,341,648	-$456,740 -$107,332	$777,576
5	$1,408,715	-$481,555 -$112,697	$814,463
6	$1,479,170	-$507,623 -$118,334	$853,213
7	$1,553,090	-$534,974 -$124,247	$893,869
8	$1,630,783	-$563,720 -$130,463	$936,600
9	$1,712,326	-$593,891 -$136,986	$981,449
10	$1,797,950	-$625,572 -$143,836	$1,028,542
11	$1,887,809	-$658,820 -$151,025	$1,077,964
12	$1,982,211	-$693,748 -$158,577	$1,129,886
13	$2,081,310	-$730,415 -$166,505	$1,184,390
14	$2,185,414	-$768,934 -$174,833	$1,241,647
15	$2,294,677	-$809,361 -$183,574	$1,301,742
16	$2,409,407	-$851,811 -$192,753	$1,364,843
17	$2,529,835	-$896,369 -$202,387	$1,431,079
18	$2,656,346	-$943,178 -$212,508	$1,500,660
19	$2,789,171	-$992,324 -$223,134	$1,573,713
20	$2,928,618	-$1,043,919 -$234,289	$1,650,410
21	$3,075,072	-$1,098,107 -$246,006	$1,730,959
22	$3,228,841	-$1,155,002 -$258,307	$1,815,532
23	$3,390,233	-$1,214,717 -$271,219	$1,904,297
24	$3,559,787	-$1,277,452 -$284,783	$1,997,552
25	$3,737,734	-$1,343,292 -$299,019	$2,095,423
26	$3,924,690	-$1,412,466 -$313,975	$2,198,249
27	$4,120,886	-$1,485,058 -$329,671	$2,306,157
28	$4,326,938	-$1,561,297 -$346,155	$2,419,486
29	$4,543,308	-$1,641,354 -$363,465	$2,538,489
30	$4,770,458	-$1,725,400 -$381,637	$2,663,421