The jackpot for the MEGA Millions draw on Tue Aug 12, 2025, is projected to be $182 Million, with an option for a cash payout of $82.1 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 12, 2025 |
|---|
| Draw Date | Tue Aug 12, 2025 | | Projected Jackpot | $182,000,000 | | Cash Value | $82,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,100,000 | | Federal Tax(24%) | $19,704,000 | | Additional Federal Tax | $10,633,330 | | State Tax(8%) | $6,568,000 | | Net Lumpsum Payment | $45,194,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,739,282 |
$973,865
$219,143 |
$1,546,274 |
| 2 |
$2,876,328 |
$1,024,572
$230,106 |
$1,621,650 |
| 3 |
$3,020,108 |
$1,077,770
$241,609 |
$1,700,729 |
| 4 |
$3,171,168 |
$1,133,663
$253,693 |
$1,783,812 |
| 5 |
$3,329,690 |
$1,192,316
$266,375 |
$1,870,999 |
| 6 |
$3,496,220 |
$1,253,932
$279,698 |
$1,962,590 |
| 7 |
$3,670,940 |
$1,318,578
$293,675 |
$2,058,687 |
| 8 |
$3,854,578 |
$1,386,524
$308,366 |
$2,159,688 |
| 9 |
$4,047,316 |
$1,457,837
$323,785 |
$2,265,694 |
| 10 |
$4,249,700 |
$1,532,719
$339,976 |
$2,377,005 |
| 11 |
$4,462,094 |
$1,611,305
$356,968 |
$2,493,821 |
| 12 |
$4,685,226 |
$1,693,864
$374,818 |
$2,616,544 |
| 13 |
$4,919,460 |
$1,780,531
$393,557 |
$2,745,372 |
| 14 |
$5,165,524 |
$1,871,574
$413,242 |
$2,880,708 |
| 15 |
$5,423,782 |
$1,967,130
$433,903 |
$3,022,749 |
| 16 |
$5,694,962 |
$2,067,466
$455,597 |
$3,171,899 |
| 17 |
$5,979,610 |
$2,172,786
$478,369 |
$3,328,455 |
| 18 |
$6,278,636 |
$2,283,426
$502,291 |
$3,492,919 |
| 19 |
$6,592,586 |
$2,399,587
$527,407 |
$3,665,592 |
| 20 |
$6,922,188 |
$2,521,540
$553,775 |
$3,846,873 |
| 21 |
$7,268,352 |
$2,649,621
$581,468 |
$4,037,263 |
| 22 |
$7,631,806 |
$2,784,099
$610,544 |
$4,237,163 |
| 23 |
$8,013,278 |
$2,925,243
$641,062 |
$4,446,973 |
| 24 |
$8,414,042 |
$3,073,526
$673,123 |
$4,667,393 |
| 25 |
$8,834,644 |
$3,229,149
$706,772 |
$4,898,723 |
| 26 |
$9,276,540 |
$3,392,650
$742,123 |
$5,141,767 |
| 27 |
$9,740,276 |
$3,564,233
$779,222 |
$5,396,821 |
| 28 |
$10,227,308 |
$3,744,434
$818,185 |
$5,664,689 |
| 29 |
$10,738,728 |
$3,933,660
$859,098 |
$5,945,970 |
| 30 |
$11,275,628 |
$4,132,313
$902,050 |
$6,241,265 |
|
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