The jackpot for the MEGA Millions draw on Tue Jan 20, 2026, is projected to be $250 Million, with an option for a cash payout of $113.5 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 20, 2026 |
|---|
| Draw Date | Tue Jan 20, 2026 | | Projected Jackpot | $250,000,000 | | Cash Value | $113,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $113,500,000 | | Federal Tax(24%) | $27,240,000 | | Additional Federal Tax | $14,715,330 | | State Tax(8%) | $9,080,000 | | Net Lumpsum Payment | $62,464,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,762,750 |
$1,352,548
$301,020 |
$2,109,182 |
| 2 |
$3,951,000 |
$1,422,200
$316,080 |
$2,212,720 |
| 3 |
$4,148,500 |
$1,495,275
$331,880 |
$2,321,345 |
| 4 |
$4,356,000 |
$1,572,050
$348,480 |
$2,435,470 |
| 5 |
$4,573,750 |
$1,652,618
$365,900 |
$2,555,232 |
| 6 |
$4,802,500 |
$1,737,255
$384,200 |
$2,681,045 |
| 7 |
$5,042,500 |
$1,826,055
$403,400 |
$2,813,045 |
| 8 |
$5,294,750 |
$1,919,388
$423,580 |
$2,951,782 |
| 9 |
$5,559,500 |
$2,017,345
$444,760 |
$3,097,395 |
| 10 |
$5,837,500 |
$2,120,205
$467,000 |
$3,250,295 |
| 11 |
$6,129,250 |
$2,228,153
$490,340 |
$3,410,757 |
| 12 |
$6,435,750 |
$2,341,558
$514,860 |
$3,579,332 |
| 13 |
$6,757,500 |
$2,460,605
$540,600 |
$3,756,295 |
| 14 |
$7,095,500 |
$2,585,665
$567,640 |
$3,942,195 |
| 15 |
$7,450,250 |
$2,716,923
$596,020 |
$4,137,307 |
| 16 |
$7,822,750 |
$2,854,748
$625,820 |
$4,342,182 |
| 17 |
$8,213,750 |
$2,999,418
$657,100 |
$4,557,232 |
| 18 |
$8,624,500 |
$3,151,395
$689,960 |
$4,783,145 |
| 19 |
$9,055,750 |
$3,310,958
$724,460 |
$5,020,332 |
| 20 |
$9,508,500 |
$3,478,475
$760,680 |
$5,269,345 |
| 21 |
$9,984,000 |
$3,654,410
$798,720 |
$5,530,870 |
| 22 |
$10,483,250 |
$3,839,133
$838,660 |
$5,805,457 |
| 23 |
$11,007,250 |
$4,033,013
$880,580 |
$6,093,657 |
| 24 |
$11,557,750 |
$4,236,698
$924,620 |
$6,396,432 |
| 25 |
$12,135,500 |
$4,450,465
$970,840 |
$6,714,195 |
| 26 |
$12,742,500 |
$4,675,055
$1,019,400 |
$7,048,045 |
| 27 |
$13,379,500 |
$4,910,745
$1,070,360 |
$7,398,395 |
| 28 |
$14,048,500 |
$5,158,275
$1,123,880 |
$7,766,345 |
| 29 |
$14,751,000 |
$5,418,200
$1,180,080 |
$8,152,720 |
| 30 |
$15,488,500 |
$5,691,075
$1,239,080 |
$8,558,345 |
|
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