The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Tue Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(8%) | $14,864,000 | | Net Lumpsum Payment | $102,229,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$481,632 |
$3,350,890 |
| 2 |
$6,321,600 |
$2,299,322
$505,728 |
$3,516,550 |
| 3 |
$6,637,600 |
$2,416,242
$531,008 |
$3,690,350 |
| 4 |
$6,969,600 |
$2,539,082
$557,568 |
$3,872,950 |
| 5 |
$7,318,000 |
$2,667,990
$585,440 |
$4,064,570 |
| 6 |
$7,684,000 |
$2,803,410
$614,720 |
$4,265,870 |
| 7 |
$8,068,000 |
$2,945,490
$645,440 |
$4,477,070 |
| 8 |
$8,471,600 |
$3,094,822
$677,728 |
$4,699,050 |
| 9 |
$8,895,200 |
$3,251,554
$711,616 |
$4,932,030 |
| 10 |
$9,340,000 |
$3,416,130
$747,200 |
$5,176,670 |
| 11 |
$9,806,800 |
$3,588,846
$784,544 |
$5,433,410 |
| 12 |
$10,297,200 |
$3,770,294
$823,776 |
$5,703,130 |
| 13 |
$10,812,000 |
$3,960,770
$864,960 |
$5,986,270 |
| 14 |
$11,352,800 |
$4,160,866
$908,224 |
$6,283,710 |
| 15 |
$11,920,400 |
$4,370,878
$953,632 |
$6,595,890 |
| 16 |
$12,516,400 |
$4,591,398
$1,001,312 |
$6,923,690 |
| 17 |
$13,142,000 |
$4,822,870
$1,051,360 |
$7,267,770 |
| 18 |
$13,799,200 |
$5,066,034
$1,103,936 |
$7,629,230 |
| 19 |
$14,489,200 |
$5,321,334
$1,159,136 |
$8,008,730 |
| 20 |
$15,213,600 |
$5,589,362
$1,217,088 |
$8,407,150 |
| 21 |
$15,974,400 |
$5,870,858
$1,277,952 |
$8,825,590 |
| 22 |
$16,773,200 |
$6,166,414
$1,341,856 |
$9,264,930 |
| 23 |
$17,611,600 |
$6,476,622
$1,408,928 |
$9,726,050 |
| 24 |
$18,492,400 |
$6,802,518
$1,479,392 |
$10,210,490 |
| 25 |
$19,416,800 |
$7,144,546
$1,553,344 |
$10,718,910 |
| 26 |
$20,388,000 |
$7,503,890
$1,631,040 |
$11,253,070 |
| 27 |
$21,407,200 |
$7,880,994
$1,712,576 |
$11,813,630 |
| 28 |
$22,477,600 |
$8,277,042
$1,798,208 |
$12,402,350 |
| 29 |
$23,601,600 |
$8,692,922
$1,888,128 |
$13,020,550 |
| 30 |
$24,781,600 |
$9,129,522
$1,982,528 |
$13,669,550 |
|
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