The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 Sep 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(8%) | $9,928,000 | | Net Lumpsum Payment | $68,294,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$361,224 |
$2,523,085 |
| 2 |
$4,741,200 |
$1,714,574
$379,296 |
$2,647,330 |
| 3 |
$4,978,200 |
$1,802,264
$398,256 |
$2,777,680 |
| 4 |
$5,227,200 |
$1,894,394
$418,176 |
$2,914,630 |
| 5 |
$5,488,500 |
$1,991,075
$439,080 |
$3,058,345 |
| 6 |
$5,763,000 |
$2,092,640
$461,040 |
$3,209,320 |
| 7 |
$6,051,000 |
$2,199,200
$484,080 |
$3,367,720 |
| 8 |
$6,353,700 |
$2,311,199
$508,296 |
$3,534,205 |
| 9 |
$6,671,400 |
$2,428,748
$533,712 |
$3,708,940 |
| 10 |
$7,005,000 |
$2,552,180
$560,400 |
$3,892,420 |
| 11 |
$7,355,100 |
$2,681,717
$588,408 |
$4,084,975 |
| 12 |
$7,722,900 |
$2,817,803
$617,832 |
$4,287,265 |
| 13 |
$8,109,000 |
$2,960,660
$648,720 |
$4,499,620 |
| 14 |
$8,514,600 |
$3,110,732
$681,168 |
$4,722,700 |
| 15 |
$8,940,300 |
$3,268,241
$715,224 |
$4,956,835 |
| 16 |
$9,387,300 |
$3,433,631
$750,984 |
$5,202,685 |
| 17 |
$9,856,500 |
$3,607,235
$788,520 |
$5,460,745 |
| 18 |
$10,349,400 |
$3,789,608
$827,952 |
$5,731,840 |
| 19 |
$10,866,900 |
$3,981,083
$869,352 |
$6,016,465 |
| 20 |
$11,410,200 |
$4,182,104
$912,816 |
$6,315,280 |
| 21 |
$11,980,800 |
$4,393,226
$958,464 |
$6,629,110 |
| 22 |
$12,579,900 |
$4,614,893
$1,006,392 |
$6,958,615 |
| 23 |
$13,208,700 |
$4,847,549
$1,056,696 |
$7,304,455 |
| 24 |
$13,869,300 |
$5,091,971
$1,109,544 |
$7,667,785 |
| 25 |
$14,562,600 |
$5,348,492
$1,165,008 |
$8,049,100 |
| 26 |
$15,291,000 |
$5,618,000
$1,223,280 |
$8,449,720 |
| 27 |
$16,055,400 |
$5,900,828
$1,284,432 |
$8,870,140 |
| 28 |
$16,858,200 |
$6,197,864
$1,348,656 |
$9,311,680 |
| 29 |
$17,701,200 |
$6,509,774
$1,416,096 |
$9,775,330 |
| 30 |
$18,586,200 |
$6,837,224
$1,486,896 |
$10,262,080 |
|
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