Oregon Lottery

ORLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(8%)	$5,024,000
Net Lumpsum Payment	$34,579,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$168,571	$1,198,597
2	$2,212,560	-$778,978 -$177,005	$1,256,577
3	$2,323,160	-$819,900 -$185,853	$1,317,407
4	$2,439,360	-$862,894 -$195,149	$1,381,317
5	$2,561,300	-$908,011 -$204,904	$1,448,385
6	$2,689,400	-$955,408 -$215,152	$1,518,840
7	$2,823,800	-$1,005,136 -$225,904	$1,592,760
8	$2,965,060	-$1,057,403 -$237,205	$1,670,452
9	$3,113,320	-$1,112,259 -$249,066	$1,751,995
10	$3,269,000	-$1,169,860 -$261,520	$1,837,620
11	$3,432,380	-$1,230,311 -$274,590	$1,927,479
12	$3,604,020	-$1,293,818 -$288,322	$2,021,880
13	$3,784,200	-$1,360,484 -$302,736	$2,120,980
14	$3,973,480	-$1,430,518 -$317,878	$2,225,084
15	$4,172,140	-$1,504,022 -$333,771	$2,334,347
16	$4,380,740	-$1,581,204 -$350,459	$2,449,077
17	$4,599,700	-$1,662,219 -$367,976	$2,569,505
18	$4,829,720	-$1,747,327 -$386,378	$2,696,015
19	$5,071,220	-$1,836,682 -$405,698	$2,828,840
20	$5,324,760	-$1,930,492 -$425,981	$2,968,287
21	$5,591,040	-$2,029,015 -$447,283	$3,114,742
22	$5,870,620	-$2,132,460 -$469,650	$3,268,510
23	$6,164,060	-$2,241,033 -$493,125	$3,429,902
24	$6,472,340	-$2,355,096 -$517,787	$3,599,457
25	$6,795,880	-$2,474,806 -$543,670	$3,777,404
26	$7,135,800	-$2,600,576 -$570,864	$3,964,360
27	$7,492,520	-$2,732,563 -$599,402	$4,160,555
28	$7,867,160	-$2,871,180 -$629,373	$4,366,607
29	$8,260,560	-$3,016,738 -$660,845	$4,582,977
30	$8,673,560	-$3,169,548 -$693,885	$4,810,127