The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(8%) | $6,624,000 | | Net Lumpsum Payment | $45,579,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$232,387 |
$1,637,334 |
| 2 |
$3,050,172 |
$1,088,894
$244,014 |
$1,717,264 |
| 3 |
$3,202,642 |
$1,145,308
$256,211 |
$1,801,123 |
| 4 |
$3,362,832 |
$1,204,578
$269,027 |
$1,889,227 |
| 5 |
$3,530,935 |
$1,266,776
$282,475 |
$1,981,684 |
| 6 |
$3,707,530 |
$1,332,116
$296,602 |
$2,078,812 |
| 7 |
$3,892,810 |
$1,400,670
$311,425 |
$2,180,715 |
| 8 |
$4,087,547 |
$1,472,723
$327,004 |
$2,287,820 |
| 9 |
$4,291,934 |
$1,548,346
$343,355 |
$2,400,233 |
| 10 |
$4,506,550 |
$1,627,754
$360,524 |
$2,518,272 |
| 11 |
$4,731,781 |
$1,711,089
$378,542 |
$2,642,150 |
| 12 |
$4,968,399 |
$1,798,638
$397,472 |
$2,772,289 |
| 13 |
$5,216,790 |
$1,890,543
$417,343 |
$2,908,904 |
| 14 |
$5,477,726 |
$1,987,089
$438,218 |
$3,052,419 |
| 15 |
$5,751,593 |
$2,088,420
$460,127 |
$3,203,046 |
| 16 |
$6,039,163 |
$2,194,821
$483,133 |
$3,361,209 |
| 17 |
$6,341,015 |
$2,306,506
$507,281 |
$3,527,228 |
| 18 |
$6,658,114 |
$2,423,833
$532,649 |
$3,701,632 |
| 19 |
$6,991,039 |
$2,547,015
$559,283 |
$3,884,741 |
| 20 |
$7,340,562 |
$2,676,338
$587,245 |
$4,076,979 |
| 21 |
$7,707,648 |
$2,812,160
$616,612 |
$4,278,876 |
| 22 |
$8,093,069 |
$2,954,766
$647,446 |
$4,490,857 |
| 23 |
$8,497,597 |
$3,104,441
$679,808 |
$4,713,348 |
| 24 |
$8,922,583 |
$3,261,686
$713,807 |
$4,947,090 |
| 25 |
$9,368,606 |
$3,426,715
$749,488 |
$5,192,403 |
| 26 |
$9,837,210 |
$3,600,098
$786,977 |
$5,450,135 |
| 27 |
$10,328,974 |
$3,782,051
$826,318 |
$5,720,605 |
| 28 |
$10,845,442 |
$3,973,144
$867,635 |
$6,004,663 |
| 29 |
$11,387,772 |
$4,173,806
$911,022 |
$6,302,944 |
| 30 |
$11,957,122 |
$4,384,466
$956,570 |
$6,616,086 |
|
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