The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
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Draw Date | Tue Aug 5, 2025 | Projected Jackpot | $150,000,000 | Cash Value | $67,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $67,900,000 | Federal Tax(24%) | $16,296,000 | Additional Federal Tax | $8,787,330 | State Tax(8%) | $5,432,000 | Net Lumpsum Payment | $37,384,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,257,650 |
$795,661 $180,612 |
$1,281,377 |
2 |
$2,370,600 |
$837,452 $189,648 |
$1,343,500 |
3 |
$2,489,100 |
$881,297 $199,128 |
$1,408,675 |
4 |
$2,613,600 |
$927,362 $209,088 |
$1,477,150 |
5 |
$2,744,250 |
$975,703 $219,540 |
$1,549,007 |
6 |
$2,881,500 |
$1,026,485 $230,520 |
$1,624,495 |
7 |
$3,025,500 |
$1,079,765 $242,040 |
$1,703,695 |
8 |
$3,176,850 |
$1,135,765 $254,148 |
$1,786,937 |
9 |
$3,335,700 |
$1,194,539 $266,856 |
$1,874,305 |
10 |
$3,502,500 |
$1,256,255 $280,200 |
$1,966,045 |
11 |
$3,677,550 |
$1,321,024 $294,204 |
$2,062,322 |
12 |
$3,861,450 |
$1,389,067 $308,916 |
$2,163,467 |
13 |
$4,054,500 |
$1,460,495 $324,360 |
$2,269,645 |
14 |
$4,257,300 |
$1,535,531 $340,584 |
$2,381,185 |
15 |
$4,470,150 |
$1,614,286 $357,612 |
$2,498,252 |
16 |
$4,693,650 |
$1,696,981 $375,492 |
$2,621,177 |
17 |
$4,928,250 |
$1,783,783 $394,260 |
$2,750,207 |
18 |
$5,174,700 |
$1,874,969 $413,976 |
$2,885,755 |
19 |
$5,433,450 |
$1,970,707 $434,676 |
$3,028,067 |
20 |
$5,705,100 |
$2,071,217 $456,408 |
$3,177,475 |
21 |
$5,990,400 |
$2,176,778 $479,232 |
$3,334,390 |
22 |
$6,289,950 |
$2,287,612 $503,196 |
$3,499,142 |
23 |
$6,604,350 |
$2,403,940 $528,348 |
$3,672,062 |
24 |
$6,934,650 |
$2,526,151 $554,772 |
$3,853,727 |
25 |
$7,281,300 |
$2,654,411 $582,504 |
$4,044,385 |
26 |
$7,645,500 |
$2,789,165 $611,640 |
$4,244,695 |
27 |
$8,027,700 |
$2,930,579 $642,216 |
$4,454,905 |
28 |
$8,429,100 |
$3,079,097 $674,328 |
$4,675,675 |
29 |
$8,850,600 |
$3,235,052 $708,048 |
$4,907,500 |
30 |
$9,293,100 |
$3,398,777 $743,448 |
$5,150,875 |
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