The jackpot for the MEGA Millions draw on Fri May 1, 2026, is projected to be $178 Million, with an option for a cash payout of $79.6 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 May 1, 2026 |
|---|
| Draw Date | Fri May 1, 2026 | | Projected Jackpot | $178,000,000 | | Cash Value | $79,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,600,000 | | Federal Tax(24%) | $19,104,000 | | Additional Federal Tax | $10,308,330 | | State Tax(8%) | $6,368,000 | | Net Lumpsum Payment | $43,819,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,679,078 |
$951,589
$214,326 |
$1,513,163 |
| 2 |
$2,813,112 |
$1,001,182
$225,049 |
$1,586,881 |
| 3 |
$2,953,732 |
$1,053,211
$236,299 |
$1,664,222 |
| 4 |
$3,101,472 |
$1,107,875
$248,118 |
$1,745,479 |
| 5 |
$3,256,510 |
$1,165,239
$260,521 |
$1,830,750 |
| 6 |
$3,419,380 |
$1,225,501
$273,550 |
$1,920,329 |
| 7 |
$3,590,260 |
$1,288,727
$287,221 |
$2,014,312 |
| 8 |
$3,769,862 |
$1,355,179
$301,589 |
$2,113,094 |
| 9 |
$3,958,364 |
$1,424,925
$316,669 |
$2,216,770 |
| 10 |
$4,156,300 |
$1,498,161
$332,504 |
$2,325,635 |
| 11 |
$4,364,026 |
$1,575,020
$349,122 |
$2,439,884 |
| 12 |
$4,582,254 |
$1,655,764
$366,580 |
$2,559,910 |
| 13 |
$4,811,340 |
$1,740,526
$384,907 |
$2,685,907 |
| 14 |
$5,051,996 |
$1,829,569
$404,160 |
$2,818,267 |
| 15 |
$5,304,578 |
$1,923,024
$424,366 |
$2,957,188 |
| 16 |
$5,569,798 |
$2,021,156
$445,584 |
$3,103,058 |
| 17 |
$5,848,190 |
$2,124,161
$467,855 |
$3,256,174 |
| 18 |
$6,140,644 |
$2,232,369
$491,252 |
$3,417,023 |
| 19 |
$6,447,694 |
$2,345,977
$515,816 |
$3,585,901 |
| 20 |
$6,770,052 |
$2,465,250
$541,604 |
$3,763,198 |
| 21 |
$7,108,608 |
$2,590,515
$568,689 |
$3,949,404 |
| 22 |
$7,464,074 |
$2,722,038
$597,126 |
$4,144,910 |
| 23 |
$7,837,162 |
$2,860,080
$626,973 |
$4,350,109 |
| 24 |
$8,229,118 |
$3,005,104
$658,329 |
$4,565,685 |
| 25 |
$8,640,476 |
$3,157,307
$691,238 |
$4,791,931 |
| 26 |
$9,072,660 |
$3,317,215
$725,813 |
$5,029,632 |
| 27 |
$9,526,204 |
$3,485,026
$762,096 |
$5,279,082 |
| 28 |
$10,002,532 |
$3,661,267
$800,203 |
$5,541,062 |
| 29 |
$10,502,712 |
$3,846,334
$840,217 |
$5,816,161 |
| 30 |
$11,027,812 |
$4,040,621
$882,225 |
$6,104,966 |
|
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