The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 Fri Jun 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(8%) | $17,672,000 | | Net Lumpsum Payment | $121,534,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$588,795 |
$4,087,636 |
| 2 |
$7,728,156 |
$2,819,748
$618,252 |
$4,290,156 |
| 3 |
$8,114,466 |
$2,962,683
$649,157 |
$4,502,626 |
| 4 |
$8,520,336 |
$3,112,855
$681,627 |
$4,725,854 |
| 5 |
$8,946,255 |
$3,270,445
$715,700 |
$4,960,110 |
| 6 |
$9,393,690 |
$3,435,996
$751,495 |
$5,206,199 |
| 7 |
$9,863,130 |
$3,609,688
$789,050 |
$5,464,392 |
| 8 |
$10,356,531 |
$3,792,247
$828,522 |
$5,735,762 |
| 9 |
$10,874,382 |
$3,983,852
$869,951 |
$6,020,579 |
| 10 |
$11,418,150 |
$4,185,046
$913,452 |
$6,319,652 |
| 11 |
$11,988,813 |
$4,396,191
$959,105 |
$6,633,517 |
| 12 |
$12,588,327 |
$4,618,011
$1,007,066 |
$6,963,250 |
| 13 |
$13,217,670 |
$4,850,868
$1,057,414 |
$7,309,388 |
| 14 |
$13,878,798 |
$5,095,486
$1,110,304 |
$7,673,008 |
| 15 |
$14,572,689 |
$5,352,225
$1,165,815 |
$8,054,649 |
| 16 |
$15,301,299 |
$5,621,811
$1,224,104 |
$8,455,384 |
| 17 |
$16,066,095 |
$5,904,786
$1,285,288 |
$8,876,021 |
| 18 |
$16,869,522 |
$6,202,054
$1,349,562 |
$9,317,906 |
| 19 |
$17,713,047 |
$6,514,158
$1,417,044 |
$9,781,845 |
| 20 |
$18,598,626 |
$6,841,822
$1,487,890 |
$10,268,914 |
| 21 |
$19,528,704 |
$7,185,951
$1,562,296 |
$10,780,457 |
| 22 |
$20,505,237 |
$7,547,268
$1,640,419 |
$11,317,550 |
| 23 |
$21,530,181 |
$7,926,497
$1,722,414 |
$11,881,270 |
| 24 |
$22,606,959 |
$8,324,905
$1,808,557 |
$12,473,497 |
| 25 |
$23,737,038 |
$8,743,034
$1,898,963 |
$13,095,041 |
| 26 |
$24,924,330 |
$9,182,332
$1,993,946 |
$13,748,052 |
| 27 |
$26,170,302 |
$9,643,342
$2,093,624 |
$14,433,336 |
| 28 |
$27,478,866 |
$10,127,511
$2,198,309 |
$15,153,046 |
| 29 |
$28,852,956 |
$10,635,924
$2,308,236 |
$15,908,796 |
| 30 |
$30,295,506 |
$11,169,668
$2,423,640 |
$16,702,198 |
|
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