The jackpot for the MEGA Millions draw on Tue Jan 13, 2026, is projected to be $215 Million, with an option for a cash payout of $98.3 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 Jan 13, 2026 |
|---|
| Draw Date | Tue Jan 13, 2026 | | Projected Jackpot | $215,000,000 | | Cash Value | $98,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,300,000 | | Federal Tax(24%) | $23,592,000 | | Additional Federal Tax | $12,739,330 | | State Tax(8%) | $7,864,000 | | Net Lumpsum Payment | $54,104,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$258,877 |
$1,819,451 |
| 2 |
$3,397,860 |
$1,217,539
$271,829 |
$1,908,492 |
| 3 |
$3,567,710 |
$1,280,383
$285,417 |
$2,001,910 |
| 4 |
$3,746,160 |
$1,346,410
$299,693 |
$2,100,057 |
| 5 |
$3,933,425 |
$1,415,698
$314,674 |
$2,203,053 |
| 6 |
$4,130,150 |
$1,488,486
$330,412 |
$2,311,252 |
| 7 |
$4,336,550 |
$1,564,854
$346,924 |
$2,424,772 |
| 8 |
$4,553,485 |
$1,645,120
$364,279 |
$2,544,086 |
| 9 |
$4,781,170 |
$1,729,363
$382,494 |
$2,669,313 |
| 10 |
$5,020,250 |
$1,817,823
$401,620 |
$2,800,807 |
| 11 |
$5,271,155 |
$1,910,658
$421,692 |
$2,938,805 |
| 12 |
$5,534,745 |
$2,008,186
$442,780 |
$3,083,779 |
| 13 |
$5,811,450 |
$2,110,567
$464,916 |
$3,235,967 |
| 14 |
$6,102,130 |
$2,218,118
$488,170 |
$3,395,842 |
| 15 |
$6,407,215 |
$2,331,000
$512,577 |
$3,563,638 |
| 16 |
$6,727,565 |
$2,449,529
$538,205 |
$3,739,831 |
| 17 |
$7,063,825 |
$2,573,946
$565,106 |
$3,924,773 |
| 18 |
$7,417,070 |
$2,704,646
$593,366 |
$4,119,058 |
| 19 |
$7,787,945 |
$2,841,870
$623,036 |
$4,323,039 |
| 20 |
$8,177,310 |
$2,985,935
$654,185 |
$4,537,190 |
| 21 |
$8,586,240 |
$3,137,239
$686,899 |
$4,762,102 |
| 22 |
$9,015,595 |
$3,296,101
$721,248 |
$4,998,246 |
| 23 |
$9,466,235 |
$3,462,837
$757,299 |
$5,246,099 |
| 24 |
$9,939,665 |
$3,638,006
$795,173 |
$5,506,486 |
| 25 |
$10,436,530 |
$3,821,846
$834,922 |
$5,779,762 |
| 26 |
$10,958,550 |
$4,014,994
$876,684 |
$6,066,872 |
| 27 |
$11,506,370 |
$4,217,687
$920,510 |
$6,368,173 |
| 28 |
$12,081,710 |
$4,430,563
$966,537 |
$6,684,610 |
| 29 |
$12,685,860 |
$4,654,099
$1,014,869 |
$7,016,892 |
| 30 |
$13,320,110 |
$4,888,771
$1,065,609 |
$7,365,730 |
|
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