The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 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 Fri Jan 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(8%) | $7,240,000 | | Net Lumpsum Payment | $49,814,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$239,612 |
$1,687,001 |
| 2 |
$3,144,996 |
$1,123,979
$251,600 |
$1,769,417 |
| 3 |
$3,302,206 |
$1,182,147
$264,176 |
$1,855,883 |
| 4 |
$3,467,376 |
$1,243,260
$277,390 |
$1,946,726 |
| 5 |
$3,640,705 |
$1,307,391
$291,256 |
$2,042,058 |
| 6 |
$3,822,790 |
$1,374,763
$305,823 |
$2,142,204 |
| 7 |
$4,013,830 |
$1,445,447
$321,106 |
$2,247,277 |
| 8 |
$4,214,621 |
$1,519,740
$337,170 |
$2,357,711 |
| 9 |
$4,425,362 |
$1,597,714
$354,029 |
$2,473,619 |
| 10 |
$4,646,650 |
$1,679,591
$371,732 |
$2,595,327 |
| 11 |
$4,878,883 |
$1,765,517
$390,311 |
$2,723,055 |
| 12 |
$5,122,857 |
$1,855,787
$409,829 |
$2,857,241 |
| 13 |
$5,378,970 |
$1,950,549
$430,318 |
$2,998,103 |
| 14 |
$5,648,018 |
$2,050,097
$451,841 |
$3,146,080 |
| 15 |
$5,930,399 |
$2,154,578
$474,432 |
$3,301,389 |
| 16 |
$6,226,909 |
$2,264,287
$498,153 |
$3,464,469 |
| 17 |
$6,538,145 |
$2,379,444
$523,052 |
$3,635,649 |
| 18 |
$6,865,102 |
$2,500,418
$549,208 |
$3,815,476 |
| 19 |
$7,208,377 |
$2,627,430
$576,670 |
$4,004,277 |
| 20 |
$7,568,766 |
$2,760,774
$605,501 |
$4,202,491 |
| 21 |
$7,947,264 |
$2,900,818
$635,781 |
$4,410,665 |
| 22 |
$8,344,667 |
$3,047,857
$667,573 |
$4,629,237 |
| 23 |
$8,761,771 |
$3,202,186
$700,942 |
$4,858,643 |
| 24 |
$9,199,969 |
$3,364,319
$735,998 |
$5,099,652 |
| 25 |
$9,659,858 |
$3,534,478
$772,789 |
$5,352,591 |
| 26 |
$10,143,030 |
$3,713,251
$811,442 |
$5,618,337 |
| 27 |
$10,650,082 |
$3,900,861
$852,007 |
$5,897,214 |
| 28 |
$11,182,606 |
$4,097,895
$894,608 |
$6,190,103 |
| 29 |
$11,741,796 |
$4,304,795
$939,344 |
$6,497,657 |
| 30 |
$12,328,846 |
$4,522,003
$986,308 |
$6,820,535 |
|
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