The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(8%) | $10,912,000 | | Net Lumpsum Payment | $75,059,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$374,469 |
$2,614,143 |
| 2 |
$4,915,044 |
$1,778,897
$393,204 |
$2,742,943 |
| 3 |
$5,160,734 |
$1,869,802
$412,859 |
$2,878,073 |
| 4 |
$5,418,864 |
$1,965,310
$433,509 |
$3,020,045 |
| 5 |
$5,689,745 |
$2,065,536
$455,180 |
$3,169,029 |
| 6 |
$5,974,310 |
$2,170,825
$477,945 |
$3,325,540 |
| 7 |
$6,272,870 |
$2,281,292
$501,830 |
$3,489,748 |
| 8 |
$6,586,669 |
$2,397,398
$526,934 |
$3,662,337 |
| 9 |
$6,916,018 |
$2,519,257
$553,281 |
$3,843,480 |
| 10 |
$7,261,850 |
$2,647,215
$580,948 |
$4,033,687 |
| 11 |
$7,624,787 |
$2,781,502
$609,983 |
$4,233,302 |
| 12 |
$8,006,073 |
$2,922,577
$640,486 |
$4,443,010 |
| 13 |
$8,406,330 |
$3,070,672
$672,506 |
$4,663,152 |
| 14 |
$8,826,802 |
$3,226,247
$706,144 |
$4,894,411 |
| 15 |
$9,268,111 |
$3,389,531
$741,449 |
$5,137,131 |
| 16 |
$9,731,501 |
$3,560,986
$778,520 |
$5,391,995 |
| 17 |
$10,217,905 |
$3,740,955
$817,432 |
$5,659,518 |
| 18 |
$10,728,878 |
$3,930,015
$858,310 |
$5,940,553 |
| 19 |
$11,265,353 |
$4,128,511
$901,228 |
$6,235,614 |
| 20 |
$11,828,574 |
$4,336,903
$946,286 |
$6,545,385 |
| 21 |
$12,420,096 |
$4,555,766
$993,608 |
$6,870,722 |
| 22 |
$13,041,163 |
$4,785,561
$1,043,293 |
$7,212,309 |
| 23 |
$13,693,019 |
$5,026,747
$1,095,442 |
$7,570,830 |
| 24 |
$14,377,841 |
$5,280,132
$1,150,227 |
$7,947,482 |
| 25 |
$15,096,562 |
$5,546,058
$1,207,725 |
$8,342,779 |
| 26 |
$15,851,670 |
$5,825,448
$1,268,134 |
$8,758,088 |
| 27 |
$16,644,098 |
$6,118,647
$1,331,528 |
$9,193,923 |
| 28 |
$17,476,334 |
$6,426,574
$1,398,107 |
$9,651,653 |
| 29 |
$18,350,244 |
$6,749,921
$1,468,020 |
$10,132,303 |
| 30 |
$19,267,694 |
$7,089,377
$1,541,416 |
$10,636,901 |
|
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