The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(8%) | $5,512,000 | | Net Lumpsum Payment | $37,934,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$192,653 |
$1,364,157 |
| 2 |
$2,528,640 |
$895,927
$202,291 |
$1,430,422 |
| 3 |
$2,655,040 |
$942,695
$212,403 |
$1,499,942 |
| 4 |
$2,787,840 |
$991,831
$223,027 |
$1,572,982 |
| 5 |
$2,927,200 |
$1,043,394
$234,176 |
$1,649,630 |
| 6 |
$3,073,600 |
$1,097,562
$245,888 |
$1,730,150 |
| 7 |
$3,227,200 |
$1,154,394
$258,176 |
$1,814,630 |
| 8 |
$3,388,640 |
$1,214,127
$271,091 |
$1,903,422 |
| 9 |
$3,558,080 |
$1,276,820
$284,646 |
$1,996,614 |
| 10 |
$3,736,000 |
$1,342,650
$298,880 |
$2,094,470 |
| 11 |
$3,922,720 |
$1,411,737
$313,818 |
$2,197,165 |
| 12 |
$4,118,880 |
$1,484,316
$329,510 |
$2,305,054 |
| 13 |
$4,324,800 |
$1,560,506
$345,984 |
$2,418,310 |
| 14 |
$4,541,120 |
$1,640,545
$363,290 |
$2,537,285 |
| 15 |
$4,768,160 |
$1,724,550
$381,453 |
$2,662,157 |
| 16 |
$5,006,560 |
$1,812,758
$400,525 |
$2,793,277 |
| 17 |
$5,256,800 |
$1,905,346
$420,544 |
$2,930,910 |
| 18 |
$5,519,680 |
$2,002,612
$441,574 |
$3,075,494 |
| 19 |
$5,795,680 |
$2,104,732
$463,654 |
$3,227,294 |
| 20 |
$6,085,440 |
$2,211,943
$486,835 |
$3,386,662 |
| 21 |
$6,389,760 |
$2,324,542
$511,181 |
$3,554,037 |
| 22 |
$6,709,280 |
$2,442,764
$536,742 |
$3,729,774 |
| 23 |
$7,044,640 |
$2,566,847
$563,571 |
$3,914,222 |
| 24 |
$7,396,960 |
$2,697,206
$591,757 |
$4,107,997 |
| 25 |
$7,766,720 |
$2,834,017
$621,338 |
$4,311,365 |
| 26 |
$8,155,200 |
$2,977,754
$652,416 |
$4,525,030 |
| 27 |
$8,562,880 |
$3,128,596
$685,030 |
$4,749,254 |
| 28 |
$8,991,040 |
$3,287,015
$719,283 |
$4,984,742 |
| 29 |
$9,440,640 |
$3,453,367
$755,251 |
$5,232,022 |
| 30 |
$9,912,640 |
$3,628,007
$793,011 |
$5,491,622 |
|
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