The jackpot for the MEGA Millions draw on Fri Oct 31, 2025, is projected to be $754 Million, with an option for a cash payout of $352.8 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 Oct 31, 2025 |
|---|
| Draw Date | Fri Oct 31, 2025 | | Projected Jackpot | $754,000,000 | | Cash Value | $352,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $352,800,000 | | Federal Tax(24%) | $84,672,000 | | Additional Federal Tax | $45,824,330 | | State Tax(8%) | $28,224,000 | | Net Lumpsum Payment | $194,079,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,348,454 |
$4,159,258
$907,876 |
$6,281,320 |
| 2 |
$11,916,216 |
$4,369,330
$953,297 |
$6,593,589 |
| 3 |
$12,511,876 |
$4,589,725
$1,000,950 |
$6,921,201 |
| 4 |
$13,137,696 |
$4,821,278
$1,051,016 |
$7,265,402 |
| 5 |
$13,794,430 |
$5,064,269
$1,103,554 |
$7,626,607 |
| 6 |
$14,484,340 |
$5,319,536
$1,158,747 |
$8,006,057 |
| 7 |
$15,208,180 |
$5,587,357
$1,216,654 |
$8,404,169 |
| 8 |
$15,968,966 |
$5,868,848
$1,277,517 |
$8,822,601 |
| 9 |
$16,767,452 |
$6,164,288
$1,341,396 |
$9,261,768 |
| 10 |
$17,605,900 |
$6,474,513
$1,408,472 |
$9,722,915 |
| 11 |
$18,485,818 |
$6,800,083
$1,478,865 |
$10,206,870 |
| 12 |
$19,410,222 |
$7,142,113
$1,552,818 |
$10,715,291 |
| 13 |
$20,380,620 |
$7,501,160
$1,630,450 |
$11,249,010 |
| 14 |
$21,400,028 |
$7,878,341
$1,712,002 |
$11,809,685 |
| 15 |
$22,469,954 |
$8,274,213
$1,797,596 |
$12,398,145 |
| 16 |
$23,593,414 |
$8,689,894
$1,887,473 |
$13,016,047 |
| 17 |
$24,772,670 |
$9,126,218
$1,981,814 |
$13,664,638 |
| 18 |
$26,011,492 |
$9,584,582
$2,080,919 |
$14,345,991 |
| 19 |
$27,312,142 |
$10,065,823
$2,184,971 |
$15,061,348 |
| 20 |
$28,677,636 |
$10,571,056
$2,294,211 |
$15,812,369 |
| 21 |
$30,111,744 |
$11,101,676
$2,408,940 |
$16,601,128 |
| 22 |
$31,617,482 |
$11,658,799
$2,529,399 |
$17,429,284 |
| 23 |
$33,197,866 |
$12,243,541
$2,655,829 |
$18,298,496 |
| 24 |
$34,858,174 |
$12,857,855
$2,788,654 |
$19,211,665 |
| 25 |
$36,600,668 |
$13,502,578
$2,928,053 |
$20,170,037 |
| 26 |
$38,431,380 |
$14,179,941
$3,074,510 |
$21,176,929 |
| 27 |
$40,352,572 |
$14,890,782
$3,228,206 |
$22,233,584 |
| 28 |
$42,370,276 |
$15,637,333
$3,389,622 |
$23,343,321 |
| 29 |
$44,489,016 |
$16,421,266
$3,559,121 |
$24,508,629 |
| 30 |
$46,713,316 |
$17,244,257
$3,737,065 |
$25,731,994 |
|
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