The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Tue Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(8%) | $14,920,000 | | Net Lumpsum Payment | $102,614,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$533,407 |
$3,706,846 |
| 2 |
$7,001,172 |
$2,550,764
$560,094 |
$3,890,314 |
| 3 |
$7,351,142 |
$2,680,253
$588,091 |
$4,082,798 |
| 4 |
$7,718,832 |
$2,816,298
$617,507 |
$4,285,027 |
| 5 |
$8,104,685 |
$2,959,064
$648,375 |
$4,497,246 |
| 6 |
$8,510,030 |
$3,109,041
$680,802 |
$4,720,187 |
| 7 |
$8,935,310 |
$3,266,395
$714,825 |
$4,954,090 |
| 8 |
$9,382,297 |
$3,431,780
$750,584 |
$5,199,933 |
| 9 |
$9,851,434 |
$3,605,361
$788,115 |
$5,457,958 |
| 10 |
$10,344,050 |
$3,787,629
$827,524 |
$5,728,897 |
| 11 |
$10,861,031 |
$3,978,912
$868,882 |
$6,013,237 |
| 12 |
$11,404,149 |
$4,179,866
$912,332 |
$6,311,951 |
| 13 |
$11,974,290 |
$4,390,818
$957,943 |
$6,625,529 |
| 14 |
$12,573,226 |
$4,612,424
$1,005,858 |
$6,954,944 |
| 15 |
$13,201,843 |
$4,845,012
$1,056,147 |
$7,300,684 |
| 16 |
$13,861,913 |
$5,089,238
$1,108,953 |
$7,663,722 |
| 17 |
$14,554,765 |
$5,345,593
$1,164,381 |
$8,044,791 |
| 18 |
$15,282,614 |
$5,614,898
$1,222,609 |
$8,445,107 |
| 19 |
$16,046,789 |
$5,897,642
$1,283,743 |
$8,865,404 |
| 20 |
$16,849,062 |
$6,194,483
$1,347,925 |
$9,306,654 |
| 21 |
$17,691,648 |
$6,506,240
$1,415,332 |
$9,770,076 |
| 22 |
$18,576,319 |
$6,833,568
$1,486,106 |
$10,256,645 |
| 23 |
$19,504,847 |
$7,177,124
$1,560,388 |
$10,767,335 |
| 24 |
$20,480,333 |
$7,538,054
$1,638,427 |
$11,303,852 |
| 25 |
$21,504,106 |
$7,916,850
$1,720,328 |
$11,866,928 |
| 26 |
$22,579,710 |
$8,314,823
$1,806,377 |
$12,458,510 |
| 27 |
$23,708,474 |
$8,732,466
$1,896,678 |
$13,079,330 |
| 28 |
$24,893,942 |
$9,171,089
$1,991,515 |
$13,731,338 |
| 29 |
$26,138,772 |
$9,631,676
$2,091,102 |
$14,415,994 |
| 30 |
$27,445,622 |
$10,115,211
$2,195,650 |
$15,134,761 |
|
|
