The jackpot for the MEGA Millions draw on Fri Oct 30, 2026, is projected to be $463 Million, with an option for a cash payout of $194.9 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 Oct 30, 2026 |
|---|
| Draw Date | Fri Oct 30, 2026 | | Projected Jackpot | $463,000,000 | | Cash Value | $194,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,900,000 | | Federal Tax(24%) | $46,776,000 | | Additional Federal Tax | $25,297,330 | | State Tax(8%) | $15,592,000 | | Net Lumpsum Payment | $107,234,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,968,613 |
$2,538,717
$557,489 |
$3,872,407 |
| 2 |
$7,317,252 |
$2,667,714
$585,380 |
$4,064,158 |
| 3 |
$7,683,022 |
$2,803,049
$614,642 |
$4,265,331 |
| 4 |
$8,067,312 |
$2,945,236
$645,385 |
$4,476,691 |
| 5 |
$8,470,585 |
$3,094,447
$677,647 |
$4,698,491 |
| 6 |
$8,894,230 |
$3,251,195
$711,538 |
$4,931,497 |
| 7 |
$9,338,710 |
$3,415,653
$747,097 |
$5,175,960 |
| 8 |
$9,805,877 |
$3,588,505
$784,470 |
$5,432,902 |
| 9 |
$10,296,194 |
$3,769,922
$823,696 |
$5,702,576 |
| 10 |
$10,811,050 |
$3,960,419
$864,884 |
$5,985,747 |
| 11 |
$11,351,371 |
$4,160,338
$908,110 |
$6,282,923 |
| 12 |
$11,919,009 |
$4,370,364
$953,521 |
$6,595,124 |
| 13 |
$12,514,890 |
$4,590,840
$1,001,191 |
$6,922,859 |
| 14 |
$13,140,866 |
$4,822,451
$1,051,269 |
$7,267,146 |
| 15 |
$13,797,863 |
$5,065,540
$1,103,829 |
$7,628,494 |
| 16 |
$14,487,733 |
$5,320,792
$1,159,019 |
$8,007,922 |
| 17 |
$15,211,865 |
$5,588,720
$1,216,949 |
$8,406,196 |
| 18 |
$15,972,574 |
$5,870,183
$1,277,806 |
$8,824,585 |
| 19 |
$16,771,249 |
$6,165,693
$1,341,700 |
$9,263,856 |
| 20 |
$17,609,742 |
$6,475,935
$1,408,779 |
$9,725,028 |
| 21 |
$18,490,368 |
$6,801,767
$1,479,229 |
$10,209,372 |
| 22 |
$19,414,979 |
$7,143,873
$1,553,198 |
$10,717,908 |
| 23 |
$20,385,427 |
$7,502,938
$1,630,834 |
$11,251,655 |
| 24 |
$21,404,953 |
$7,880,163
$1,712,396 |
$11,812,394 |
| 25 |
$22,474,946 |
$8,276,060
$1,797,996 |
$12,400,890 |
| 26 |
$23,599,110 |
$8,692,001
$1,887,929 |
$13,019,180 |
| 27 |
$24,778,834 |
$9,128,499
$1,982,307 |
$13,668,028 |
| 28 |
$26,017,822 |
$9,586,925
$2,081,426 |
$14,349,471 |
| 29 |
$27,318,852 |
$10,068,306
$2,185,508 |
$15,065,038 |
| 30 |
$28,684,702 |
$10,573,670
$2,294,776 |
$15,816,256 |
|
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