Jackpot Analysis Oregon Mega Millions

Jackpot Analysis for Oregon Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Oregon residents, the state will deduct 8% from your lottery earnings.

Oregon MEGA Millions Jackpot/Cash Option for Tue Apr 29, 2025
Draw DateTue Apr 29, 2025
Projected Jackpot$70,000,000
Cash Value$31,800,000

Lumpsum Option Taxes and Payment
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
Yr Gross Payment Fed/State Taxes 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